> There is a $7500 federal tax rebate on a new electric car, so the moment you drive it off the lot, its blue book value drops an additional $7500.
But isn't that fine because you got the $7500 anyway?
But isn't that fine because you got the $7500 anyway?
So if you buy a leaf that starts at $30,000, get rebates to $20,000, you must remember that since anyone can get it new for $20,000 that's the actual "new" value to take before you apply depreciation.
In other words you're not really buying a $30k car for $20k, you're buying a $20k car.
But only if the reason why the rebate is ending is a breakthrough in technology that will cut the price of a new one by more than the rebate in 2-3 -- which is in a sense what happened with solar subsidies in a lot of places.