**Edit: Tried to delete pos....answers found after a lot of forum searches. If it hasn't been titled before, is sold as new, and you have a copy of the MSO you can get the credit in this situation. reference: https://gm-volt.com/forum/archive/index.php/t-253298.html **
Hi all, trying to do some due diligence before hastily pulling the trigger in a few days on a 2017 e-golf SE and appreciate any insight as I know this a fine line. Has anyone seen anything like this before?
Found a 17 SE with 2500 miles, at a very reputable, high volume VW dealer in the US. Price is $22k. They are claiming that since it's 1) a VW corporate/fleet car and 2) never been titled/registered that I may qualify to receive the $7500 tax credit as I'd be the first titled owner. Key word here is may, for legality purposes I'm sure.
VIN: WVWKR7AU3HW950452
Sounds to good to be true so I did some digging and the Federal EV incentive law states:
The original use of the vehicle commences with the taxpayer—it must be a new vehicle.
The vehicle must be placed in service by the taxpayer during or after the 2010 calendar year.
After reviewing the Carfax AND calling VW Customer Support, I confirmed that is has in fact never been title or registered.
Edmunds site talks about this topic specifically, but again note it's calls out "registered" owners:
This question occasionally pops up: Who gets to claim the tax credit in the case of low-mileage electric cars that dealerships sell after having used them as demonstrators or loaner cars?
The answer is pretty simple: EV tax credits cannot be passed on. Only the original registered owner of an eligible vehicle can claim the federal tax credit. Even if the original registered owner didn't apply for the credit for some reason, it cannot be passed along to a subsequent buyer.
This is useful to know because it can be a bargaining point in a used-car purchase negotiation. It might turn out that a new model with the tax credit is a better deal than a used one if the federal tax credit program means the list price for the new model is reduced by up to $7,500.
https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-electric-vehicle-tax-credits.html
Finally, I found a Chevy Bolt forum convo here on this very topic and again they are saying that if it's never been registered, I would be qualified to get the tax credit as the first titled owner.
https://gm-volt.com/forum/showthread.php?137026-How-to-tell-if-Federal-Tax-Credit-has-been-used#/topics/137026
Thoughts? Too good to be true? They have several '15s with under 2k miles they are selling with the same advertising.
Get it in writing, would it even matter? Any factual info or real world-experience with this appreciated! I've got a refundable deposit down on it for now so they can't sell till I make the call.
Hi all, trying to do some due diligence before hastily pulling the trigger in a few days on a 2017 e-golf SE and appreciate any insight as I know this a fine line. Has anyone seen anything like this before?
Found a 17 SE with 2500 miles, at a very reputable, high volume VW dealer in the US. Price is $22k. They are claiming that since it's 1) a VW corporate/fleet car and 2) never been titled/registered that I may qualify to receive the $7500 tax credit as I'd be the first titled owner. Key word here is may, for legality purposes I'm sure.
VIN: WVWKR7AU3HW950452
Sounds to good to be true so I did some digging and the Federal EV incentive law states:
The original use of the vehicle commences with the taxpayer—it must be a new vehicle.
The vehicle must be placed in service by the taxpayer during or after the 2010 calendar year.
After reviewing the Carfax AND calling VW Customer Support, I confirmed that is has in fact never been title or registered.
Edmunds site talks about this topic specifically, but again note it's calls out "registered" owners:
This question occasionally pops up: Who gets to claim the tax credit in the case of low-mileage electric cars that dealerships sell after having used them as demonstrators or loaner cars?
The answer is pretty simple: EV tax credits cannot be passed on. Only the original registered owner of an eligible vehicle can claim the federal tax credit. Even if the original registered owner didn't apply for the credit for some reason, it cannot be passed along to a subsequent buyer.
This is useful to know because it can be a bargaining point in a used-car purchase negotiation. It might turn out that a new model with the tax credit is a better deal than a used one if the federal tax credit program means the list price for the new model is reduced by up to $7,500.
https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-electric-vehicle-tax-credits.html
Finally, I found a Chevy Bolt forum convo here on this very topic and again they are saying that if it's never been registered, I would be qualified to get the tax credit as the first titled owner.
https://gm-volt.com/forum/showthread.php?137026-How-to-tell-if-Federal-Tax-Credit-has-been-used#/topics/137026
Thoughts? Too good to be true? They have several '15s with under 2k miles they are selling with the same advertising.
Get it in writing, would it even matter? Any factual info or real world-experience with this appreciated! I've got a refundable deposit down on it for now so they can't sell till I make the call.