View Single Post
      10-27-2020, 09:05 AM   #495
Spencer518
First Lieutenant
Spencer518's Avatar
United_States
200
Rep
353
Posts

Drives: 2021 X5 45e
Join Date: Aug 2019
Location: Albany, NY

iTrader: (0)

Quote:
Originally Posted by moodyhank82 View Post
Agreed on the risk of having more issues than the regular gas model causing inconvenience but the way I see it once I take the federal and state tax credit (plus all the dealer discount and manufacturer incentives), I can trade-in the car and either be ahead or breakeven on net cost so there is very little financial risk in the first couple of years....
The Federal and State tax credits are an immediate hit to depreciation. You'll never trade it in for more than the net after those credits. No one will pay more for a used car than they can pay net on a new one.

Hypothetically, let's say your out-the-door price was $75k and your credits are $10k, so your net cost is $65k. Anyone else in your state can get that same net cost of $65k on a new 45e. Therefore the price on used ones must be below that for anyone to be interested in buying used. The $10k is instant depreciation.
Appreciate 0