Camera-Cruiser
Fully Charged
Absolutely, which is why incentives in all forms should go away. I think they negatively affect markets. Just look at the sales cliff when the full $7,500 was halved. People hate losing, which is why our monkey brains are so easily stimulated by 50% off sales on merchandise that has been marked up 200%.Indeed. And it’s foolish to think that fed/state/local incentives that the vast majority of new buyers qualify for doesn’t impact that value and worth
So yes, it factors into pricing, but not the full amount. Forgetting unrecouped sales tax loses and individual state programs, if I bought the car Dec 31st all cash, and could use the full $7,500 for my taxes four months later, but sold the car to you Jan 1, I might offer it to you for $2,500 less than sticker. I make 5K, you save 2.5K NOW, and pay slightly less sales tax now. You don’t have to wait another 13 to 15 months to do your taxes to get the potential $3,750 federal incentive for which you might knowingly not qualify for.
Remove the 24 hour used car factor, and it sitting in my garage overnight, I’d say that your immeadite saving now would be worth more than buying new, even if you might qualify for the full $3,750 15 months from now.