Quote:
Originally Posted by codex57
That sure as hell doesn't happen with Teslas. To the great frustration of many used car buyers I suppose.
Doesn't mean that tax credit gets passed along in the form of greater depreciation. Doesn't seem to affect prices of off lease cars either.
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Bought my Model 3 for $49k last year, took $7k in tax credit combined this Spring. My trade-in value today is $42k so either Teslas do not depreciate or the tax credit is not a full-value reduction. Plus how do you keep track of the status of tax credit by make/model/year? Bolts were eligible for the full $7.5k originally and today they get no credit so did the price of older Bolts go up by $7.5k as the federal tax credit gradually went away last year? Probably not. I believe the market price is set by looking at the MSRP for a new one and assuming a depreciation percentage regardless of manufacturer or tax incentives that might not be available to everyone and that could also change over time.