Quote:
Originally Posted by Isaac Zachary
Ya, I don't think I'd have much taxes taken off with a tax credit. Of course as you've said before, get someone in the family that could. I'm just not sure who and still couldn't afford a new car even if I could.
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Whatever change is made to the EV tax credit will likely make it available to all who purchase a new qualifying EV. That would eliminate the shenanigans required to get the credit for those without enough tax liability.
Last week I realized my Acura is still in my Mom's name when I went to renew the tags. I had her "purchase" it back in 2010 when I bought my house. Didn't want that debt to appear on my credit report when applying for the largest mortgage I could get someone to approve. My strategy there was to buy the biggest house I could and rent the most rooms... which paid for the full mortgage plus taxes and insurance.
I've never bought new because I could never justify the purchase price vs value. For the same money, I've always wanted a better used vehicle. As long as there's a better used vehicle for the price of a new vehicle, I'm never going to choose new.