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Would you have bought or buy a Tesla without tax incentives?

Discussion in 'Model S' started by 2krazykats, Dec 24, 2015.

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Would you have bought or buy a Tesla without tax incentives?

Poll closed Feb 22, 2016.
  1. Yes! Tax incentives were not factored in my purchasing decision

    60.6%
  2. No! Those are huge incentives.

    18.3%
  3. Maybe but I would've waited awhile longer...

    21.1%
  1. 2krazykats

    2krazykats Member

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    #1 2krazykats, Dec 24, 2015
    Last edited: Dec 24, 2015
    My total tax incentives will be $13500 ($7500 fed, $6000 state) and that's a huge discount off of the car price. I don't think I would've bought my Tesla this year (might've waited until 1 or 2 more years to save more money) had it not been for the tax incentives. That got me thinking about when the tax credits expire (some states are already expiring them), what might happen to Tesla's sales. Certainly a lot of unknowns such as new model 3 introduction can factor in but for those of you who have bought a Tesla (Roadster or S), would you have bought your Tesla had it not been for the tax incentives?

    I realize the fed tax incentive is not available for CPOs but some state credits are so do vote even if you bought CPO.
     
  2. kevincwelch

    kevincwelch Active Member

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    Yes, I would have purchased it.

    But the Illinois $4000 rebate and the $7500 tax credit enabled me to consider other options like air suspension and the leather seats.

    I bought mine in 2013, so there was no leasing or CPO at that time.
     
  3. Zythryn

    Zythryn MS 70D, MX 90D

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    I didn't quite fit in any of your options.
    I definitely would have bought ours with or without the incentives.
    The incentives did, however, factor in to the options we got.
     
  4. Max*

    Max* Autopilot != Autonomous

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    I only get federal incentives, no state. And.... That's it, nothing else really. So yes, I would've bought it, but I would have to find a different way to justify my purchase, lol
     
  5. jlake02

    jlake02 Member

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    $6000 state?! Wow, that's fantastic. Is that the highest in the U.S.? :eek:
     
  6. SamT

    SamT Member

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    Here in Virginia, not only that we don't get state incentives, it taxes our cars 4.57 percent of the used car value every year. It would be thousands of dollars - we really got a very bad deal here.
     
  7. edfun123

    edfun123 New Member

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    New Jersey is sales tax free for any full electric car, thats a savings of 7%! That promoted me to buy my new Model S yesterday. Plus the $7500 savings in Fed Taxes. Its a big savings at $100,000 or higher.
     
  8. 2krazykats

    2krazykats Member

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    I did have to think about the poll question a bit and could've phrased it a little better. I think in your case, your poll answer would be Yes because you would've bought the Tesla anyway regardless but the tax incentives allowed you to add more options than you might've otherwise not gotten.

    - - - Updated - - -

    It's one of the highest but I think I saw another state (can't remember which one) that was a little higher. Not only that but the state incentives also apply to used EVs so long as they've not been registered in CO previously. It was a huge factor in my purchase decision as it will at least cover the sales tax.
     
  9. Max*

    Max* Autopilot != Autonomous

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    That's not related to EVs, that's for every car.

    But we do have to pay more to buy the car, I think there's a $60 EV fee or something stupid.
     
  10. 2krazykats

    2krazykats Member

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    That's as good, if not better, than getting $6k!
     
  11. Canuck

    Canuck Active Member

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    This is clearly geared to the US. I paid $10,000 in taxes on mine! (GST of 5% plus PST of 10% = $15,000 less $5,000 BC Rebate).

    The PST in BC is 7% but we have a "luxury tax" on vehicles over about $60k that raises it to 10% (on a sliding scale).
     
  12. 2krazykats

    2krazykats Member

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    In CO, there is a $50 EV fee every year too, in addition to owner and license fees. I suppose they're trying to recoup from us not paying gas sales tax.
     
  13. mobe

    mobe Member

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    $76.00 yearly " alternative fuel tax fee" every January in Missouri for hydrogen, natural gas or all electric vehicles, although that changes for 2017 as they have found a way to charge road tax on natural gas fueling stations. Seems sort of odd as a person can have a natural gas filling station installed at home.
     
  14. lucy

    lucy bluehair

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    In Iowa we don't get any state tax rebate upon purchase, and pay a yearly registration penalty for not buying gas/ethanol. The federal tax benefit will be nice to get, but it's just gravy. The daily joy is the real reward.
     
  15. ArtInCT

    ArtInCT Always Learning

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    #15 ArtInCT, Dec 24, 2015
    Last edited: Dec 24, 2015
    Connecticut bumps up the automobile sales tax from the standard 6.35% to 7 plus due to the "luxury" designation based upon > $70K final price.
    We get no EV incentives in a state with some of the highest kWh electric rates, typical delivered rate is 25 cent per kWh....
    We are de-regulated but what that means is the generation fee is deregulated... there is a transmission fee which typically exceeds the generation fee by 1.3 X.

    To make matters even worse, each town or city levies an annual "Property" tax based upon the town mill rate times the blue book value of the car.

    Sigh....
     
  16. AEdennis

    AEdennis Active Member

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    Yes. We bought our Roadster CPO and it had no incentives in California. The Model S had the $2.5k from the state (now income limited) and $7.5k Federal, but we would have bought it without it.
     
  17. luvnMyTS

    luvnMyTS Member

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    #17 luvnMyTS, Dec 24, 2015
    Last edited: Dec 24, 2015
    Yes, I would have bought my Tesla if there were no government rebates/credits if.....Tesla reduced the price of the car $10,000.

    Sad thing is, ALL EV automakers take advantage of the government, Tesla included. Tesla is a unique case in that they charge whatever the hell they want to and bounce prices all over the place, not because of actual costs, but because they can. Perfect example is the upgraded sound, went from $900 to $2,500 overnight. Cost sure as heck didn't more than double overnight. I had it on my 2013 for $900, passed on it in my 2015 for $2,500 and honestly, can't tell the difference. I have turn the volume up to 7 or 8 now instead of 5 or 6 in the prior car. Wheels at $4,500!!! How about $20,000 for a bigger rear motor!!! Despite being able to replace that motor for only $5,000 if it breaks out of warranty. And another $10,000 for what amounts to a new fuse and some programming if you want Ludicrous. Chevy charging $40,000 for a Volt!! I know the batteries are expensive, but think about it. Chevy said their cost on batteries right now is at $150 per kWh. That's only $2,760 for the 18.4 kWh battery. Add in $5,000 or so for the electric motor costs and accompanying hardware and you have an $18,000 Chevy Cruze with EV capability for another $7,760, that they charge over $35,000 for.

    No, the automakers are taking advantage of the government rebates themselves and charging more for their cars. Buyers save nothing. Notice how they all advertise the price after incentives? Unfortunately, not everyone is eligible for the rebates. This partially cripples the EV market for those that don't qualify as the cars are simply too expensive when compared to other options. I personally wish the government stayed out of it and stopped blowing mine and your taxpayer money on this. Then the manufacturers would be forced to lower the price of the cars to more reasonable levels to get people to buy them. Then EVERYONE would benefit, not just those who make enough money to be able to get a full $7,500 refund. This alone could double the number of EV sales. Many people want them, just can't afford them and don't benefit from the rebates/credits.

    Or, if the government truly feels they "must" provide incentives to get more EV's on the market, then work it out with the manufacturers. Make a deal with them, for every EV you sell, you get this much credit. Then it will still be up to the manufacturers to reduce the prices of the EV's for EVERYONE to get more of them sold.

    I personally get the full benefit of the tax credit and rebates, but honestly, kind of feel guilty doing so. I shouldn't since I pay a fortune in taxes. But naturally, I can afford the Tesla and don't "need" the money to buy one. I think it's a piss-poor business model that probably only tips the scale for maybe 15-25% in favor of EV's. The other 75-85% would still buy the EV's even if the rebate didn't exist. However, if the prices of the cars were reduced by an equal amount so that it benefited everyone, EV sales would likely double, if not more. The Prius is a perfect example. Their prices were much higher than an equal ICE car when they had rebates. Eventually, the rebate funds allotted to Toyota were used up and they went away. Prices of the Prius came down and they still sold like hotcakes.

    Again, just a piss-poor business model by our over-spending government. I'd rather they save the money on this and a million other programs and tax us all less.

    The best, idiotic government program I remember, as an example of how crappy they work, was when they allowed me a $25,000 deduction, yes $25 GRAND because I bought a friggen Hummer over 10 years ago!! It weighed over 6,000 pounds and qualified for the deduction! Just stupid.

    Sorry, not a fan of the way our government operates! Has to be the poorest run business ever! Which is why we're what, 19 TRILLION DOLLARS in debt!!!

    Love my Tesla, wouldn't trade if for anything. And yes, 90% or more of us would have bought it anyway!
     
  18. Canuck

    Canuck Active Member

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    I don't need it either but given that the government takes well over 50% of every dime I earn, I have no guilt whatsoever in taking advantage of legal deductions.
     
  19. musicious

    musicious Member

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    You're lucky, when I ordered mine Dec 2014 they said I'd get the IL $4k rebate which along with the $7500 federal credit was a major reason I got it; but I found out upon delivery that IL had already cancelled the program :(
     
  20. AMPd

    AMPd Active Member

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    Tax incentives were not a factor, since I bought used:)
    Even if I went with a new one I'd still buy it without tax incentives
     

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