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+--- Thread: Advantages to buying new car at end of year or beginning of year? (/showthread.php?tid=261967)
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Re: Advantages to buying new car at end of year or beginning of year? - sekker - 11-28-2021
If you are planning a Tesla purchase, I think you are obligate for 2022. Takes awhile to get your car made for you due to the backlog!
I personally would not rush any car purchase at this time unless you have to. The first wave of non-Tesla EVs are coming around, but slowed by supply chain issues and other disruptions. And the Bolt and Ford EVs are getting over their growing pains.
I’m a Volt and Tesla household. I think the Mustang EV is a sharp-looking SUV. And the Bolt has a lot of promise as it gets to learn from the long Volt success while having years of being in the market as well.
The Chevy, Ford and even the VW models all currently suffer from a poor nationwide charging network however.
Re: Advantages to buying new car at end of year or beginning of year? - Bo - 11-28-2021
It is in fact a Model 3 (base level). I ordered it a few months back (before recent price bumps) so delivery is set for Dec. 2nd-30th which is why I asked the original question. If it's late in the month I'm sure I could delay taking delivery until first week of January if there are any advantages
Demand is so high for them that I was originally looking for a used one but models as far back as 2018 are going at almost current new retail so figured a new one makes mores sense.
Thanks for all of the input! The Build Back Better information is interesting but looks like it doesn't/won't apply to Teslas. Also the $7500 federal tax credit no longer in play for Tesla
sekker wrote:
If you are planning a Tesla purchase, I think you are obligate for 2022. Takes awhile to get your car made for you due to the backlog!
Re: Advantages to buying new car at end of year or beginning of year? - Filliam H. Muffman - 11-29-2021
Ombligo wrote:
It may be worth holding off a bit longer to see what shakes out with the Build back better bill in congress. The bill as written now raises the EV credit to $12,500.
Here's how the proposed changes shake out and keep in mind, they may change yet. The base amount remains $4,000, as it is today, with another $3,500 available if the EV's battery pack includes at least 40 kilowatt-hours of capacity. In the case of plug-in hybrids, the gas tank cannot exceed 2.5 gallons. Now comes the $5,000 boost. There another $4,500 in the tax credit if an automaker makes the EV in the US with a union workforce. Another $500 comes into play for automakers using a US-made battery, for a maximum of $12,500 available.
Currently, the only car that would qualify for the full amount is the Chevy Bolt.teslas misses out as those are assembled in Mexico(my bad, I was thinking Mustang)
I just read that all GM electric vehicles no longer qualify for the $7,500 Federal tax credit.
"General Motors, like Tesla, has already reached the 200,000 buyer milestone for eligible EVs, any new Chevy Bolt purchased after 3/31/2021 doesn’t qualify for the federal EV tax credit."
That implies the maximum credit currently available is $5,000.