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Nissan Leaf Depreciating Fast

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M

Mide

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So I just found out via searching that used Nissan Leafs are totally going for under 20k. As long as you check to verify that there aren't too many bars missing (sitting out in the sun in CA, AZ, TX seems to have sped up the degradation of the battery), you could totally get into a pure electric car for pretty cheap compared to the original price.

If my commute is fairly short and driving around town = not too many miles I don't see too much of a downside. What are others' opinions?
 
Those credits are "up to" depending on what you owe in taxes. If you only owe $1K in federal taxes, you are only getting a $1K federal credit, and even that will be on next year's tax return.
 
I don't live in Cali, my taxes are also quite low, and although on average the prices hover around 20k there are a few for 16-18k which is a pretty good price or so it seems.
 
LTC8K6 said:
Those credits are "up to" depending on what you owe in taxes. If you only owe $1K in federal taxes, you are only getting a $1K federal credit, and even that will be on next year's tax return.
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From my understanding these are tax credits, not deductions. So you get them regardless of your income status.
 
leper84 said:
I'd guess they're going for cheap because they get half (or less) the advertised range and are leaving people stranded-

http://www.greencarreports.com/news...f-leaves-owners-stranded-what-really-happened

Its like asking why a Cavalier is cheap- because its a piece of crap.

If you're really looking for a hybrid you could get a very slightly used Fusion hybrid or even a Prius for around $20k.
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Did the read the whole article. There were two people quoting this. One admitted it was his/her fault. The other had 8 miles left.
 
steppinthrax said:
From my understanding these are tax credits, not deductions. So you get them regardless of your income status.
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Yes, they are credits against what you owe, and they will be credited on your tax return for the year in which the vehicle was purchased.

If you do not owe any tax for that year, you will get no tax credit.

Q2: If I buy a Volt today (5/4/2012), when do I get the credit back?

A2: You claim the tax credit on your 2012 Federal Taxes. So you won’t see the money until you get your refund in 2013 after you’ve filed your taxes.



Q3: I make $x dollars per year, have y kids, and $z mortgage, can I claim the full credit?

A3: This is one that you really need to calculate out. Be very careful with this as you may not get the full $7500 depending on your circumstance. The tax credit is non-refundable and does not carry over. Meaning you must claim it in one tax year, and you can’t carry over any benefit into future years. IN General – if you have $7500 in tax liabilities after all your deductions, you can claim the full credit. Someone making about $56,000 a year with only a standard deduction (no kids, mortgage etc) will generally be able to claim the full credit. However, if you have significant deductions from kids / house, etc – you might run into trouble. On way of doing a quick check is to see how much you owed the IRS in taxes last year (assuming this year your tax circumstances didn’t change materially). This is not the amount you paid or got refunded, but the total tax owed. (This is on Line 44 last year of your 1040)

If you hit AMT, sorry I can’t help you. I don’t know nearly enough about that. I’ll let you know when I hit AMT
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http://www.mychevroletvolt.com/chevy-volt-federal-tax-credit-form-8936
 
LTC8K6 said:
Yes, they are credits against what you owe, and they will be credited on your tax return for the year in which the vehicle was purchased.

If you do not owe any tax for that year, you will get no tax credit.



http://www.mychevroletvolt.com/chevy-volt-federal-tax-credit-form-8936
Click to expand...

Not to mention that state credits are going to dry up soon since e-cars don't contribute to the gas tax. IIRC it was either Washington or Oregon considering an added fee on them for road repairs.
 
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