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Old 08-13-2019, 12:32 PM   #1 (permalink)
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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.

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Old 08-13-2019, 12:44 PM   #2 (permalink)
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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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Old 08-13-2019, 12:45 PM   #3 (permalink)
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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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Old 08-13-2019, 01:04 PM   #4 (permalink)
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Quote:
Originally Posted by redpoint5 View Post
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).
I have a federal thrift savings plan that is like an IRA and has a Roth component but I am not allowed to move from one to another. I could try and add the max this year to the Roth but I still think that would only take me from a $2500 credit to a maybe $4500 credit and I don't have that much cash to max the Roth contribution so it would be a loan from the thrift savings plan which I am trying to save for real estate. Our old van is still really solid and does pretty well on mpg, this just looks so much better and is the same price as our van was new 8 years ago!
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Old 08-13-2019, 01:25 PM   #5 (permalink)
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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:
Originally Posted by samwichse View Post
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?
I have a couple of friends that are harsh on transmissions because they treat the accelerator like an on/off switch even when steady state highway cruising (my working theory at least). One friend has gone through at least 5 transmissions that I know of.

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.
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Old 08-13-2019, 01:47 PM   #6 (permalink)
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Ad said the prices were only good for customers living in Idaho, Washington and Alaska

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.
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Old 08-13-2019, 01:51 PM   #7 (permalink)
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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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Old 08-13-2019, 01:57 PM   #8 (permalink)
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Quote:
Originally Posted by cowmeat View Post
Ad said the prices were only good for customers living in Idaho, Washington and Alaska

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.
Dave Smith always has to use that disclaimer. They sell that price to anyone. There is $3500 in rebates and the rest is cutting them down to invoice where Dave Smith sells everything they sell. This the the place to buy a 2020 Corvette BTW as I bet they sell their initial base models close to $50,000 each. They are the biggest Doge dealer on the planet like 15 years running selling everything at invoice to customers nationwide. They are in a tiny town that has every spare field and lot filled with 1000s of GMs and Chrysler products.
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Old 08-13-2019, 02:19 PM   #9 (permalink)
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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.



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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Old 08-14-2019, 11:44 AM   #10 (permalink)
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Quote:
Originally Posted by Hersbird View Post
I have a federal thrift savings plan that is like an IRA and has a Roth component but I am not allowed to move from one to another. I could try and add the max this year to the Roth but I still think that would only take me from a $2500 credit to a maybe $4500 credit and I don't have that much cash to max the Roth contribution so it would be a loan from the thrift savings plan which I am trying to save for real estate. Our old van is still really solid and does pretty well on mpg, this just looks so much better and is the same price as our van was new 8 years ago!
That isnít how Roth conversions work. If you are in a 20% tax bracket you would need to convert $25,000 from a traditional IRA to a Roth IRA to pay an additional $5000 in federal taxes and max out the EV tax credit.

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 arenít in that high of a federal tax bracket so you need to do the math based on your situation.

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