Buy cash before July 1st to get tax credit, then take out reverse auto loan

[vickh]

Thats if someone has enough tax liability to take the full tax credit. If not, money off the top is better. As the tax credit decreases, its more likely that a person has that amount of tax liability, but its not a given.

I'm paying cash and would prefer the money of the top. But it's the SR and I doubt Tesla will drop that prices below 35K. Maybe they throw in AP.... or maybe doormats

 

[vickh]

True, but I was only commenting on the Tesla's previous action, I assume the poster is able to figure out if they qualify for the credit or not ...

I do for the 3.8K, wasn't sure about the $7.5K since we do have a lot of other deductions/credit.

 

[putmeinachair]

Just as a follow up to address all the haters voting no -- I got approved today, but the CU also said they would do a cash back refinance at the same interest rate because from their perspective it's an almost identical deal. So it depends on your CU

 

[dmurphy]

Just as a follow up to address all the haters voting no -- I got approved today, but the CU also said they would do a cash back refinance at the same interest rate because from their perspective it's an almost identical deal. So it depends on your CU

Awesome! I voted no but definitely not a “hater” ... just suggested treading carefully and having your ducks in a proverbial row ahead of time. I didn’t want to see you lay out $50k and then find some usurious interest rate.

Once again, credit unions save the day!

 

[notAnExpert]

Just as a follow up to address all the haters voting no ...

You posted a poll and asked people to help you by answering the poll. They did. Please don’t call them haters when they took time to help you.