[F6Hawk]

I received trade-in offers ranging from $29.5K to $33.2K for my 2022 RTL-E with 7,300 miles. Values have dropped significantly recently.

Sure, but trade-in values have no bearing on the rebate.

I tried to trade my 8-month old 2022 with less than 4k miles on a 2024 model, and would have had to give up over $15,000. Yeah, things are going back to normal. MAJOR difference compared to me trading my 2017 for a 2022 (I gave up about $13k with 30k miles). Probably a once-in-a-lifetime opportunity that I am glad I was able to take advantage of back in Jan 2022.

 

[fdeno]

I wonder what happens in a record breaking EV sales year for a specific model if all the batteries age even close to the same, will that drive replacement prices when the demand spikes at sone future point...

 

[zroger73]

I received trade-in offers ranging from $29.5K to $33.2K for my 2022 RTL-E with 7,300 miles. Values have dropped significantly recently.

Trade-in values seem very...dynamic. Carvana's offer for my Model Y fluctuates by thousands of dollars every several weeks. I could sell it to them today and have driven the Model Y for free for nearly a year, but that wasn't true a few weeks ago and may not be true a few weeks from now.

Two days ago, the value of the 2020 4Runner my brother owned went up 6.5%

A few weeks ago, the value of the 2016 Fiesta I inherited was down to $3,000 before jumping to $5,000.

 

[Sparkland]

Sure, but trade-in values have no bearing on the rebate.

Agreed, but here in Colorado even that low trade-in value will save me $2,500 (sales taxes) on the cost of the new Tesla.

 

[zroger73]

I hope to get the final document I need from my second job as a city councilmember this evening so I can file my 2023 taxes and get my $7,500 credit - I'm ready go bring closure now that the vehicle is 10 months and 14,000 miles old. I'll need tires next year.

I got all the paperwork I needed, but TurboTax won't let me file until 2/21 when the form for the EV tax credit is finalized. At least I got everything entered and I'm showing to get the full $7,500 credit as expected along with 30% of the cost of the charging station. I've waited 9 months, so I guess I can wait a few more weeks.

 

[Sparkland]

After more research, it looks like if I use the tax credit ($7,500) at the point of sale as a down payment and also assign the Colorado tax credit ($5,000) to the selling dealer, I will get another $500 from the state.

 

[14v6]

Didn't know where to stick this, learn something new every day.

MSN

www.msn.com

 

[Sparkland]

Didn't know where to stick this, learn something new every day.

MSN

www.msn.com

Regulatory credits are a farce, IMHO.

 

[F6Hawk]

I'd say WOW, but can't blame Elon nor Tesla for taking advantage of a silly situation.

 

[Cbayman]

Regulatory credits are a farce, IMHO.

And EV tax incentives aren’t a farce?

 

[Sparkland]

And EV tax incentives aren’t a farce?

I suppose you could refer to them as such. It's like using house money to partially fund your extravagant lifestyle.