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For Sale: 2013 Tesla Model S P85+ (1 week old - Bay Area)
- Thread starter scottschoe
- Start date
Cloud_S
Security Engineering Manager / Tesla Zealot
dirkhh
Middle-aged Member
Simple. Making a quick buck. He pockets the tax credit, worth way more than what he loses on the sticker price...
Huh? What about the almost ~$12K the OP would have to pay in tax, title, license & registration? He is probably losing around $9K net on the 2 transactions.
Cloud_S
Security Engineering Manager / Tesla Zealot
Agree, unless taxes are written off as a business expense, its unlikely he is making much, even with the large federal and CA credit.
ipdamages
Roadster Sport 835
A California sale avails the $7,500 tax credit and if the purchaser maintains ownership for 36 months, a state rebate of $2,500.
http://energycenter.org/sites/default/files/docs/nav/transportation/cvrp/FY%2012-13%20Implementation%20Manual_FINAL.pdf (see page 12)
But this sale is before 36 months, so no rebate. Only the $7,500 federal, and even that is a tax credit, so only as an offset to your federal tax obligation due next April.
$114,020 purchase price
+ $10,000 sales tax (approx - depends on in which county the buyer lives)
- $7,500 tax credit
$116,520 all in cost (+ registration)
So a $107,000 sale is a $10K loss for 74 miles of driving and a short period of pride of ownership and being the coolest guy on the block (depending on which block). As others have said, there may be tax advantages, but this is a money-losing transaction for the original buyer.
For the buyer of the used car it is a car that would have cost $114,020, purchased for $107K, but no $7,500 or $2,500. So it is still worse than buying new, but the car is instantly available. That said, there are several demo cars available today, with no wait. Just ask your local sales boutique employee. I'm not sure if there are any P+s, though. I did see two 60s in Santa Monica this past weekend.
http://energycenter.org/sites/default/files/docs/nav/transportation/cvrp/FY%2012-13%20Implementation%20Manual_FINAL.pdf (see page 12)
But this sale is before 36 months, so no rebate. Only the $7,500 federal, and even that is a tax credit, so only as an offset to your federal tax obligation due next April.
$114,020 purchase price
+ $10,000 sales tax (approx - depends on in which county the buyer lives)
- $7,500 tax credit
$116,520 all in cost (+ registration)
So a $107,000 sale is a $10K loss for 74 miles of driving and a short period of pride of ownership and being the coolest guy on the block (depending on which block). As others have said, there may be tax advantages, but this is a money-losing transaction for the original buyer.
For the buyer of the used car it is a car that would have cost $114,020, purchased for $107K, but no $7,500 or $2,500. So it is still worse than buying new, but the car is instantly available. That said, there are several demo cars available today, with no wait. Just ask your local sales boutique employee. I'm not sure if there are any P+s, though. I did see two 60s in Santa Monica this past weekend.
goneskiian
Active Member
Why are you selling, or are you the one selling? Do you have title to the car or are you simply acting as agent for someone else?
That's a 20k€ price difference for same car bought new in Europe!
I don't know how much shipment would cost, nor how much it would cost to get validated for EU but... 20k! Darn!
dirkhh
Middle-aged Member
And you'd have the wrong charger plug...That's a 20k€ price difference for same car bought new in Europe!
I don't know how much shipment would cost, nor how much it would cost to get validated for EU but... 20k! Darn!
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