Brian707
Well-Known Member
- Joined
- May 20, 2021
- Threads
- 5
- Messages
- 165
- Reaction score
- 198
- Location
- Illinois
- Vehicles
- 2021 Infinite Blue Mustang Mach E Premium AWD EXT
I mean it's not like we had a once in 100 year pandemic.Selling prices have a tendency to drop by nearly $7,500 during and very shortly after the federal tax credit phase-out period. Look at the price history of the Chevy Bolt, for a good example. Tesla was similar, as I recall. It's almost as if market forces are at work!
So I wouldn't recommend a hasty purchase just to try to cash in on a larger portion of the fed tax credit. Besides, those maniacs in D.C. are spending taxpayer money by the trillions these days - I wouldn't be surprised to see the tax credit extended or even increased.
I'd rather they spend the money on people who need it than on war or cutting the taxes on the super wealthy and corporations than have no benefit to the economy. This spending will allow the money to jump start the economy. It's not like it will be used by corporate stock buybacks. This money will make it back into the economy
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