How do you value a used Model Y in current market conditions?

[EVaddict]

Be aware if you go down this road Tesla will require you to title and register the car in both parties’ names and they require both people to be present at delivery.

Noted and understood. Shouldn't be a problem.

 

[EVaddict]

Maybe, here is what I found:

To qualify for the tax credit as a co-signer on a brand-new EV purchase, the combined annual income of both individuals must be under $300,000, or less than $150,000 individually.

IRS expands eligibility for EV tax credits | Fingerlakes1.com

IRS expands eligibility for EV tax credits News

www.fingerlakes1.com

That article seems to mistate what it says on the IRS website: Credits for New Clean Vehicles Purchased in 2023 or After | Internal Revenue Service

According to irs.gov:

In addition, your modified adjusted gross income (AGI) may not exceed:

• $300,000 for married couples filing jointly
• $225,000 for heads of households
• $150,000 for all other filers

The only mention of a $300,000 number refers to married filing jointly. There is no mention of a combined income limitation of each person on the title.

 

[ATPMSD]

The only mention of a $300,000 number refers to married filing jointly. There is no mention of a combined income limitation of each person on the title.

From the other link, which I admit is not an IRS reference:

To qualify for the tax credit as a co-signer on a brand-new EV purchase, the combined annual income of both individuals must be under $300,000, or less than $150,000 individually.

 

[EVaddict]

From the other link, which I admit is not an IRS reference:

To qualify for the tax credit as a co-signer on a brand-new EV purchase, the combined annual income of both individuals must be under $300,000, or less than $150,000 individually.

Right. What I'm saying is the IRS site doesn't mention the $300K number except in the context of the married filing jointly. I'm saying the non-IRS website is quoting the IRS website incorrectly.

 

[EVaddict]

But back to the question at hand. How much would you pay for a 2022, 8K miles, long range AWD, 19" Gemini Wheels, black interior, no FSD, no AP.?

 

[carpendj]

Less than 5% of US households make over $300k. As of next year everyone under the income limit can claim the entire $7500 as a point of sale rebate, whether they have the full $7500 tax liability or not. Not sure that’s a “LOT” of people excluded.


Eh? I’m not sure what you mean by this.

That's for married filers. If you are a single guy, max is $150k.

 

[ucmndd]

That's for married filers. If you are a single guy, max is $150k.

Or even a single girl.

Interesting point which changes my assertion not one bit. Approximately 4.6% of individuals in the US make over $150k per year.

 

[carpendj]

Or even a single girl.

Interesting point which changes my assertion not one bit. Approximately 4.6% of individuals in the US make over $150k per year.

Before you poke someone, you should always check you have your facts straight first.
Not sure where you got the 4.6% from. Finger in the air maybe?

$100,000 to $149,999	16.9%
$150,000 to $199,999	8.7%

 

[ucmndd]

Before you poke someone, you should always check you have your facts straight first.

Very much agree.

Not sure where you got the 4.6% from. Finger in the air maybe?

Since we're both carelessly citing anonymous statistics, let's go ahead and go with US Census data.

Per this table, 6.84% of individuals in the US reporting at least $1 of income in 2022 made more than $150k. I'll admit that's higher than the first statistic I pulled of 4.6%, which likely includes unemployed and others out of the workforce that the Census data doesn't, but certainly less than your assertion that nearly 9% of Americans make between $150-200k alone. We clearly live in different countries if you believe that's true.