rollindurty
New member
- Joined
- Feb 21, 2017
- Messages
- 4
There is a killer $10K incentive going on in Indiana that, when combined with the $7500 Federal Tax Credit and lower prices on '16 Leafs, have me interested.
However, being that I would only drive this thing about 4,500 miles/yr (17 mile round-trip commute), it seems like a "waste" to manufacture this huge beast and under-use it (e.g. if I only drive it 45,000 miles in 10 years). I'm doing this primarily for the environmental benefit... which is why I had been leaning towards a 3-4 y/o used Leaf.
One option is to buy it new, drive it for a short period (up to 1 year?) then re-sell, hopefully for about my out-of-pocket costs.
Thoughts?
https://www.nipsco.com/docs/default...sco-$10k-discount-flyer_(expires-3-31-17).pdf
It appears that the Fed Tax Credit reads "(3) The vehicle is acquired for use or lease by the taxpayer, and not for resale;" ... so if I purchase, pay tax, and register/insure in my name... it doesn't appear that there is a clear period of time for which I must own or drive it. However, it would be my daily driver and not sitting idle in my driveway looking to be sold.
https://www.irs.gov/irb/2009-48_IRB/ar09.html
However, being that I would only drive this thing about 4,500 miles/yr (17 mile round-trip commute), it seems like a "waste" to manufacture this huge beast and under-use it (e.g. if I only drive it 45,000 miles in 10 years). I'm doing this primarily for the environmental benefit... which is why I had been leaning towards a 3-4 y/o used Leaf.
One option is to buy it new, drive it for a short period (up to 1 year?) then re-sell, hopefully for about my out-of-pocket costs.
Thoughts?
https://www.nipsco.com/docs/default...sco-$10k-discount-flyer_(expires-3-31-17).pdf
It appears that the Fed Tax Credit reads "(3) The vehicle is acquired for use or lease by the taxpayer, and not for resale;" ... so if I purchase, pay tax, and register/insure in my name... it doesn't appear that there is a clear period of time for which I must own or drive it. However, it would be my daily driver and not sitting idle in my driveway looking to be sold.
https://www.irs.gov/irb/2009-48_IRB/ar09.html