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Re: Obama Rebate: too good to be true?

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On 10/29/2016 8:55 PM, bitrex wrote:
> On 10/29/2016 04:46 PM, stacy4linnix@gmail.com wrote:
>> http://pro.oxfordclub.com/A4DTAX0416TO79OXFLTBRKCAMALE4IUPS4/POXFSA03/?h=true
>>
>>
>> Can i buy an EV (i.e. GM Bolt) and get 30K back?
>>
>
> There's a federal tax credit of up to $7500 on certain electric
> vehicles, and depending on the state additional incentives/rebates. For
> example if you buy or lease a new EV in Massachusetts you get a rebate
> check of up to $2500, depending on the vehicle.
>
> Clearly getting 30k back on a car with a ~35k MSRP is impossible, but
> wgat is available is nothing to sniff at - my 2017 Volt is a ~37k MSRP
> car, but the capitalized cost reduction due to the incentives knocks
> that down well into the 20s.
>
> With a lease around $249/mo plus a small down payment that's covered by
> the state rebate (and leaves one with cash left over), factoring in what
> my equivalent fuel costs would be in an ICE car of equivalent type, my
> monthly use cost is less than some people's cell phone bills.
>
> ~$20-25/month was the average for my gas/electric operating costs on my
> (former) 2015, for about 1k miles of combined city/highway driving. Plus
> about $40 a month for the comprehensive insurance required on a lease
> thru GEICO.
>
  Here's the info for a guy that bought a Nissan Leaf with a sticker 
price of $35,445 for a total out of pocket of $16,000.
> http://www.mrmoneymustache.com/2016/10/04/so-i-bought-an-electric-car/

Detailed here;

     Sticker Price (from the car window): $35,445
     Dealer Handling Fee (aka more profit margin) added in: $600
     Assorted Discounts from Dealer: (-4500)
     Hard-to-Explain Discount from Nissan Finance: (-6000)
     Federal Tax Credit: (-7500)
     Colorado State Tax Credit: (-4653)

Sorta Net Price of Car: $13,391

However, it’s not quite that good, because many of these discounts are 
taken only after you pay sales tax on the full price of the car ($31,544 
in this case). In my region, sales tax is about 8.26%, so I paid $2605 
of tax. About $1500 more than you’d pay on a car that was really priced 
at 14 grand.

So my total out-of-pocket cost with tax will be $16,000, which is 
equivalent to buying a brand-new car with a list price of $14,775.
                                                Mikek

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Obama Rebate:  too good to be true? stacy4linnix@gmail.com - 2016-10-29 13:46 -0700
  Re: Obama Rebate:  too good to be true? stacy4linnix@gmail.com - 2016-10-29 13:56 -0700
    Re: Obama Rebate: too good to be true? amdx <nojunk@knology.net> - 2016-10-31 10:30 -0500
      Re: Obama Rebate: too good to be true? bitrex <bitrex@de.lete.earthlink.net> - 2016-10-31 12:20 -0400
        Re: Obama Rebate: too good to be true? amdx <nojunk@knology.net> - 2016-10-31 12:11 -0500
          Re: Obama Rebate: too good to be true? bitrex <bitrex@de.lete.earthlink.net> - 2016-10-31 14:06 -0400
            Re: Obama Rebate: too good to be true? amdx <nojunk@knology.net> - 2016-10-31 13:35 -0500
          Re: Obama Rebate: too good to be true? krw <krw@nowhere.com> - 2016-10-31 18:50 -0400
      Re: Obama Rebate: too good to be true? krw <krw@nowhere.com> - 2016-10-31 12:28 -0400
  Re: Obama Rebate: too good to be true? bitrex <bitrex@de.lete.earthlink.net> - 2016-10-29 21:55 -0400
    Re: Obama Rebate: too good to be true? Winfield Hill <hill@rowland.harvard.edu> - 2016-10-30 11:43 -0700
    Re: Obama Rebate: too good to be true? amdx <nojunk@knology.net> - 2016-10-31 12:19 -0500
      Re: Obama Rebate: too good to be true? bitrex <bitrex@de.lete.earthlink.net> - 2016-10-31 14:12 -0400
        Re: Obama Rebate: too good to be true? amdx <nojunk@knology.net> - 2016-10-31 13:39 -0500
  Re: Obama Rebate: too good to be true? rickman <gnuarm@gmail.com> - 2016-10-30 22:09 -0400

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