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Not unless you enjoy committing tax fraud.
The buyer would pay more than the seller paid.
Then the buyer would lose the $2,000 they paid the seller up front to show they were serious.
chipmunk
Member
Unless, by some chance, there was a record of said person soliciting a buyer before purchasing the vehicle on a forum or something
chipmunk
Member
I have a suggestion for everybody annoyed with those who are trying profit off their reservations. PM everybody who is soliciting and express interest in buying their reservation, offer top dollar, haggle on the details as long as you can, and then change your mind....you know, just like they're doing. It seems fair to me right? Reservations were clearly not meant to be resold and anybody is free to cancel and get their money back.
Perhaps everybody can post all of the craigslist ads here for us all to respond to.
Perhaps everybody can post all of the craigslist ads here for us all to respond to.
FlatSix911
Porsche 918 Hybrid
Check out this ad for a mid 2018 delivery ... not even reserved until May 2017
Tesla Model 3 Reservation
Tesla Model 3 Reservation
JeffK
Well-Known Member
I know there's going to be line jumping when people get lesser models, but I'm not sure how I feel about it. Is fulfilling those orders potentially costing me $3750 of the federal tax credit or is it truly the validation of AWD and Performance manufacturing process.Check out this ad for a mid 2018 delivery ... not even reserved until May 2017
Tesla Model 3 Reservation
You are not #1 for delivery. There are several that were early in that line who are current Tesla owners. They will receive their cars before you.
Funny how you stood there posing for the news media all proud to be in the front of that line. You were even holding a custom AZ "TESLA" plate. Nice show you put on for the cameras. If you don't want the car then get a deposit refund. Those of us who were right behind you would gladly move up in line.
Hi James, not sure you got what you wanted already, but I did signup early (3/31/16) and I am willing to sell you mine. Let me know if you are interested, or anyone else that might be...
Fully loaded, it runs at about 60K, far beyond a budget car.
When the BMW M235i came out in 2014 (a $55k car) dealerships sold them $5k to $10k above sticker price because car was in high demand. So wouldn't be surprised if some people manage to flip the Model 3 for at least $5k.
If they do, good for them. I don't see any point in trying to discourage people to do it.
Darryl
ModelXTracker.com Co-Adm
Neither the buyer nor seller would be eligible for state and federal Tax Credit and both would have to pay sales tax. In CA this would mean buyer and seller would each pay 9.25%. This would all have to be considered if you are trying to flip. This would mean you would have to ask for $25k over the cost of the car to even break even.
JeffK
Well-Known Member
You are not eligible if you purchase with the sole intent to resell. If you claim the tax credit then it's tax fraud.
They may or may not come after you if they did, I'm not sure how you'd prove you bought it with the intent to use it. There's no clarification on how they determine it.
Because the instructions for form 8936 say:
"The original use of the vehicle began with you" clearly means only the original buyer can take the tax credit. "You acquired the vehicle for use or to lease to others, and not for resale" clearly eliminates the original buyer who tries to flip for a profit.
Anyone who thinks the IRS would not come down hard on this is delusional. It's easy for them to run the VIN through national DMV records and look for a fast retitling. A few minutes of effort yields them $7500 in profit.
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