deciding between 2021 vs 2020 SV Plus

[cwerdna]

Newbie, about to purchase used Leaf Plus.

Priorities:
< $25,000 (will qualify for $4000 tax rebate)

Is this a state rebate? I thought the Leaf only qualified for rebates when new? I know the new Leafs have no tax rebate currently until something changes?

New Leafs purchased on/after April 18, 2023 no longer qualify for any US Federal tax credit. See https://www.fueleconomy.gov/feg/tax2023.shtml.

There is an up to $4K used Federal EV credit. See https://www.irs.gov/credits-deductions/ ... cle-credit and topics D to F of https://www.irs.gov/newsroom/topic-d-fr ... les-credit. It doesn't have any sort of assembly, battery components nor critical minerals requirements.

You can also check https://www.fueleconomy.gov/feg/taxused.shtml but I'm not sure why they list 2011 to 2019 Leaf SL and 2011 to 2021 Leaf SV but leave off S, 2020 and 2021 SL, etc.

[cwerdna]

From what I've found, the used EV tax credit is as follows:
- $4000 tax credit for qualifiers
- EV less than $25,000
- Dealer sale only (no private party)
- Limits on IRS AGI - married joint is ~$155,000 if I recall - all filing statuses are different similar to the $7500 new EV tax credit
- No EV build requirements like the new EVs have
- My impression is its a Federal policy (just about have to be for a Fed tax credit?)

Used EV credit (up to $4K) details at https://www.irs.gov/credits-deductions/ ... cle-credit.
"In addition, your modified adjusted gross income (AGI) may not exceed:

$150,000 for married filing jointly or a surviving spouse
$112,500 for heads of households
$75,000 for all other filers"

For new EV credit (which Leaf doesn't qualify if purchased on/after April 18, 2023), from https://www.irs.gov/credits-deductions/ ... 3-or-after:
"In addition, your modified adjusted gross income (AGI) may not exceed:

$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers"

[Numbers]

My advice would be CONFIRM WITH YOUR DEALER about the used clean tax credit upfront, because you will need a managers signature on a declaration of accuracy they have provided ( https://www.irs.gov/credits-deductions/ ... quirements )

I have contacted probably 12 dealers this week and 80% of them don't know about the tax credit, oddly enough don't give a fuck about it , shockingly won't tale 5 minutes to read the very simple guidelines, and amazingly flat out decline to sign a piece of paper stating uncontestable facts (date of sale, sale price, vin number, battery size, and tax id).

It's actually blowing my mind how hard its been, so far only getting 2 or 3 who either know exactly how the tax credit works (and therefore advertise it) and one dealer who was willing to read the guidelines and ask for approval.

TLDR... if they aren't mentioning the tax credit in the vehicles ad, you're likely going to have a tough time getting them to do their very small part in the process.

[esmejoy]

!!!!!!
Wow thank you so much for this incredibly helpful advice!!

That is shocking. You'd think $4000 "discount" might help sell a car??

esme

[esmejoy]

Looking at the IRS website... I'm seeing the regulation about providing a report to both customer and to IRS - but I'm not seeing any actual IRS form for the dealer to complete. That doesn't make any sense either! Feel like there must be a puzzle piece missing here?

[Marktm]

When I had my SV+ appraised by CarMax, I brought up that they could offer qualified buyers the opportunity to get $4000 back on the deal. They basically knew nothing about it and were not interested in upping the "appraisal" either. Missing quite an opportunity to possibly lock in a sale for sure.