Any chance you can ask your SA for the born on date? Would be nice to help see if the Oct rumor is fact or fictionJust got my VIN - it;s a 2021. Gonna take the car.
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Any chance you can ask your SA for the born on date? Would be nice to help see if the Oct rumor is fact or fictionJust got my VIN - it;s a 2021. Gonna take the car.
Respectfully, I don't believe legislation will be based on model year (never done that way, too complicated, especially with Teslas, etc.); it will be based on purchase date or year.
This is an interesting question. We are so deep in the unknown right now that everything is anyone's guess.All, Happy Sunday! My current EDD is 11/10-11/30 so I think I should receive my car somewhere around 11/30, I intend to go thru the transaction and buy the car as soon as it becomes available. If and when the Tax credit bill passes I believe it will be for extended period of time, say 5-10 years. In case there if substantial credit I am thinking I can sell my car back to Tesla (may be in 3-5 years) and buy another one with tax credit. I just hope that I get trade in value based on the original car value, miles driven and years used (without considering the tax credit depreciation). What do you guys think? Will my resale value get substantially reduced based on tax credit on new cars?
It is not complicated to implement something like rebate based on purchase date and set start date around the time bill passes. They just need to ask for purchase date in the tax forms. Something like that is fair for car companies like Tesla that have already crossed the previous 200k limit since it won’t mess up their last quarter sales.Agreed. Assuming something passes, it will almost certainly be set to apply to cars delivered Jan 1, 2022 and after. Nothing about car model year (which would be all over the place depending on manufacturer) and nothing retroactive (expensive and complicated to implement.
I agree. I don't think it will stay in it's current form and will be reduced substantially. $3.5 trillion is huge money to add to the national debt.This is an interesting question. We are so deep in the unknown right now that everything is anyone's guess.
I think that once the bill passes (and has a start date of January 1, '22) there's a possibility that many, many people will pause their orders. So many that Tesla may have to reduce their prices to move them. December could be a very interesting month.
Also, once/if the bill passes it will probably dramatically reduce how much people are able to sell/trade their cars for.
There's also competition. The next few years of competitive vehicles released will be a lot for Tesla to deal with.
I wanted to order a MY-LR for my 50th birthday in January. That's probably not going to happen. Again, unless people start refusing their cars to get the $7k-10k tax incentive.
Noone is sure what the incentives will be until the bill is passed. Some people think green energy proposals will be some of the first things cut to make the bill more favorable to pass.
It is not complicated to implement something like rebate based on purchase date and set start date around the time bill passes. They just need to ask for purchase date in the tax forms. Something like that is fair for car companies like Tesla that have already crossed the previous 200k limit since it won’t mess up their last quarter sales.
Point-on-sale rebate would probably be just as difficult to implement from Jan 1, 2022. More likely it will initially just be made fully refundable and probably point of sale rebate would be at a later date, say, Jan 2023. Assuming of course anything passes.If it's a point-of-sale rebate, you'd have lots of work to make it retro-active on sales that already happened and were settlled.
If you make it a tax credit on income tax, and again try to apply it retroactively into sales during 2021, you'd have people needing to re-calculate and re-file 2021 taxes for the car they bought in late 2021.
All proposed legislation I've seen uses sold-on (delivery) date for qualification, and Jan 1 2022 as the effective date - putting all makers on the same footing, and cleanly making the tax change only hit 2022 tax year.
It would be nice to have retroactive $7.5k clear back as far as possible.... it just doesn't seem at all likely, assuming we get anything at all thru congress.
If a bill passes with a point-of-sale tax credit, all Tesla will need to know is how much you made last year. Last I read, anyone making over $400k individual or $800k jointly will be ineligible. At least I assume Tesla needs to know. Not sure how it would work exactly. Maybe you pay whatever Tesla wants and you get your money from Uncle Sam relatively quickly.Point-on-sale rebate would probably be just as difficult to implement from Jan 1, 2022. More likely it will initially just be made fully refundable and probably point of sale rebate would be at a later date, say, Jan 2023. Assuming of course anything passes.
The proposal is fully paid for through an increase in corporate, capital gains and high-earner tax increases. It won't add anything to the national debt.I agree. I don't think it will stay in it's current form and will be reduced substantially. $3.5 trillion is huge money to add to the national debt.
Will see what happens..
I don't think any dealer or Tesla is in a position to verify income claimed by a buyer. Point of sale would likely be a mess.
Isn't this always the case though? That is, proposals always come with a plan for funding that doesn't involve going further into debt?The proposal is fully paid for through an increase in corporate, capital gains and high-earner tax increases. It won't add anything to the national debt.
Some bills don't have "pay fors". Sometimes the government decides to issue massive tax cuts without spending cuts, which drives up the deficit. Occasionally, they authorize a couple of multi-decade wars with blank checks. They also then choose to drastically cut back the IRS so it can't audit the wealthy, who mostly avoid paying any taxes while hoarding vast amounts of wealth. They also pass massive spending programs with insufficient thought into how potential futures changes in the balance of demographics/age cohorts could affect the solubility of the program (lookin at you, social security). But, they also don't want to stop doing any of these things, because the status quo is incredibly lucrative for their donors. Thus, deficit.Isn't this always the case though? That is, proposals always come with a plan for funding that doesn't involve going further into debt?
Yet there is a huge national debt. What gives?