New Pacifica plug in hybrid for $22,265 after federal tax credit.
https://www.davesmith.com/new/Chrysl...48a714fd2a.htm
They have 3 of these leftover 2018 models the other two are slightly more with a couple more options. I personally don't qualify for all of a $7500 credit or I would jump on this. I think a 36 month 10,000 mile year lease would work out to about $315/month but these have terrible residual and money factors. |
If you have traditional IRA investments, you can convert them to Roth which will bump up your tax liability for that year. You can then apply the federal tax credit towards covering the tax on the Roth. Essentially you'll get your IRA money tax free (for the portion that you convert).
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https://www.youtube.com/watch?v=rDPwQefY2KY
The hybrid system looks so much like the Prius one, that eCVT must've been licensed from Toyota... So maybe the reliability won't be terrible? |
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Well, Chrysler is miles away from phasing out their federal tax credit, so you might start planning to have a high tax year next year if you want to max that credit.
If I have just 1 more kid, I think a minivan will look pretty appealing. Quote:
When one of my friends asked for help finding a car, my assumption was that one of these eCVTs based on the Toyota design might be more robust than traditional transmissions. I helped them purchase a C-Max, which is based on the same design. We'll see how it holds up. |
Ad said the prices were only good for customers living in Idaho, Washington and Alaska :confused:
I'm wondering if these have been licensed and used by the dealer for a short period of time. The $7400 "Dave Smith" discount makes me think so, they may have already taken the tax credit. |
I was wrong about my tax credit, I subtracted my withholdings so it actually would be a $4000 credit as is now and possibly $6500 with a max Roth IRA contribution. I just wish the residual and money factor were more normal, that would be an under $200 lease, maybe almost $100/month.
Chrysler is actually getting close to the credit reducing as Google is buying these up. And do all the Fiat EVs count as well? https://www.google.com/amp/s/jalopni...1826537718/amp |
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It'll still be around all next year. An order from Google is only 30% of their limit. As it is, Chrysler doesn't even appear in the top 6 manufacturers for sales.
https://cdn.motor1.com/images/mgl/Or...nuary-2019.jpg The nice thing about the phase out is that even when the limit is reached, you have the remainder of the current quarter and all of the following quarter to purchase a vehicle and receive the full credit amount. Essentially there is a 3 to 6 month window of unlimited credits available after the phase out period is triggered. |
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If you contributed $5000 to a Roth IRA instead of a Traditional you would only pay $1000 extra in taxes If you take $5000 cash at put it in a Roth IRA there would be no effect on your taxes *only examples, most households aren’t in that high of a federal tax bracket so you need to do the math based on your situation. |
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