user 24513
Well-known member
I know that other than the $7500 federal tax credit, all of my rebates were state- and power-company specific (although I was bale to buy the car in the next state, the dealer participated in the program).
No, you do not have to pay the $7500 back. You mentioned about a $2000 NY rebate, did you get a similar rebate when you bought your car? I ask because in some states, you have to own the vehicle for a set amount of time before you sell it or you may have to repay some or all of that rebate.Kieran973 said:The deals on the Plus models in my area are tempting. I've been talking to a local dealership about trading in my 2019 Leaf SV (with All-Weather Package) for a 2019 Leaf SV Plus (with All-Weather Package). This is where the deal stands right now:
Sale price: $36,748
Dealer fees: $1,690 (I know)
Trade-in: $17,500 (KBB value says $20,100 for 'very good condition')
Sales tax: (($36,748 + $1,690 - $17,500) x.08875) = $1,858.25
Doc/DMV fees: $362.50
Subtotal: $40,658.75
Cash Back for 2019 Leaf purchase: $5,000
Leaf Loyalty Cash Back: $1,000
New York State Drive Clean Rebate: $2,000
Total Cost Before Federal Tax Credit: $40,658.75 - $8,000 = $32,658.75
Total Cost After Federal Tax Credit: $32,658.75 - $7,500 = $25,158.75
Does this sound like a good deal? I bought my SV almost a year ago for about $21,700 after factoring in the federal tax credit. The dealer is offering me about $2500 less than the KBB trade-in value for my current Leaf SV, but this is offset by the fact that the trade-in value reduces the total sales taxable amount and therefore the amount of sales tax. Because of this, if I were to do the work of trading my car into Carmax or some place like that for the actual trade-in value, I would only save about $500 net because I'd be paying significantly more sales tax at 8.875% if I buy a new car with no trade-in.
Most importantly, if I trade in my 2019 Leaf SV, will I have to give back the federal tax credit that I received for purchasing it last year? I can't find anything on the internet saying that I would have to pay it back, but if I did, then that would effectively make this current deal $7500 more expensive.
NonSequitur said:I live in Florida, so no state incentives at all. If I buy from an incentive-rich State like Colorado, would I do better? (Though there are transport costs). Is this discussed in another thread?
Are May incentives typically better than April?
I think the high rebates are mainly due to Nissan getting rid of the Fleetail rebates. In my state, it was $2500 off a Plus and $3500 off a regular. I think it's a good move for Nissan because a lot of people couldn't get the Fleetail rebates. Don't forget there is a $1000 loyalty rebate on the 2019s. I'm hoping the rebates will be higher too.NonSequitur said:I checked a bunch of Colorado dealerships, and even one my Miami buddy bought in Minnesota, but the state discounts seem to be state-specific and when you strip them out, prices seem to be the same everywhere, including the Florida dealers.
Right now the 2019 Nissan rebate is $3500 and the 2020 is $3000. Do these numbers typically increase in May, June, etc., or are the current numbers high due to Covid? With so many people losing their jobs, it seems like there are better deals ahead, but $3k plus a dealer discount is pretty good!
DougWantsALeaf said:Do you prefer the synthetic fabric seats of the Leaf? I really liked our 2013 fabric seats on our SV, but the 2019 fabric just felt cheap, which is why I put the leather in.
Now to find very light smaller rims with pizza pan covers for distance travel.
Kieran973 said:Has anyone bought or leased a car since the onset of this pandemic? If so, how have you navigated interactions at the dealership? I'm about the pull the trigger on upgrading from an SV to an SV Plus, and most of the back and forth has been over email, but the dealer wants me to come into to dealership for "less than one hour" this weekend so they can physically appraise my trade-in in person and so we can sign whatever paperwork that can't be e-signed. I asked if we could do this signing outside, in the parking lot, at a table or on the hood of my car, and they said that we have to be inside because of "privacy concerns." Any thoughts?
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