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Save $4,000 on Preowned Electric Vehicles with the IRS Clean Vehicle Tax Credit!

by Beto Beas - Posted 5 months ago

Welcome to Electric Auto Group!

We're thrilled to have you here, and we're excited to share some valuable insights about the Electric Vehicle (EV) tax credit landscape, especially for those considering purchasing a used Electric Vehicle or Plug-in Hybrid:

Explore Our Selection:

1. Full Tax Credit Upfront:

Purchasing a used EV from Electric Auto Group grants you immediate access to the full tax credit amount. Gone are the days of waiting or navigating additional financing steps. The entire tax credit is available at point of purchase.

2. Simplified Eligibility for Used EVs:

The eligibility criteria for used EVs are less stringent compared to new clean vehicle tax credits. You can be confident that your used EV from Electric Auto Group complies with all necessary criteria, free from the complexities of sourcing restrictions.

3. What You Need to Know:

Our EV certified team is at your service to help verify your eligibility for the tax credit. Here's what you need to know:

  • Income limits for single filers are $75,000, $112,500 for heads of household, and $150,000 for joint filers.
  • To qualify for the tax credit, ensure that the used Plug-in Hybrid or Electric Vehicle you choose is at least two model years old and priced at or under $25,000.
  • First-Time Credit Claim: It's crucial that the vehicle has not been claimed for a used EV tax credit previously. The credit is available only to the first owner who claims it, and it cannot be claimed again by subsequent owners, no matter how many times the vehicle changes hands.
  • The used EV tax credit applies only to individuals; business purchases are not eligible.
  • Ensure that the vehicle is purchased from an IRS registered dealership to meet all eligibility requirements for the tax credit. If your local dealership is not registered with the IRS, it can cause delays and complications in the tax credit process. Our dealership is not only registered with the IRS but is also EV certified through PlugStar, specializing in 100% electric vehicles.

4. Quick and Transparent Process:

You'll receive the full tax credit instantly, eliminating any delays or uncertainties.

Financing options are still available, allowing you to use the tax credit as a down payment and finance the rest. Our team makes this process easy and transparent.

Additionally, we'll ensure you have a copy of the successfully submitted seller report for your tax filing. This crucial document ensures smooth tax filing and compliance with IRS regulations. Rest assured, Electric Auto Group will equip you with everything you need before driving off in your new (or new-to-you) EV.

Should you have any questions, please do not hesitate to contact us. Our team is available to assist you.

Welcome to the future of driving,

Electric Auto Group Team