After my 31 year old subaru was showing signs of failing, I decided to look into EVs as a possible replacement. Today I bought a VW ID.4 Pro AWD to replace it, my first vehicle purchase ever (subie was a hand-me-down). It’s a bit large for my usual tastes, but it has an amazing turn radius, good visibility, it’s comfortable, and it drives great. I considered the Bolt EUV, but the DC fast charging would take twice as long and there was no AWD option… so I somehow talked myself into spending $15k more for this thing.
In Colorado there are a good number of rebates/credits going right now so I got a decent deal on it: -3k negotiating with dealer, -1k VW website offer, -6k vehicle exchange rebate (state’s cash for clunkers, applied at sale), -5.5k energy utility rebate (from Xcel, applied at sale), and possibly -7.5k for the fed non-refundable tax credit (will be received as tax refund next year) depending on my federal taxes. Also got a promotional 3.9% interest rate from the manufacturer.
As mentioned in your post, the federal tax credit is non-refundable. It will reduce your tax burden but if you get a refund, it will be due to other factors.
Yeah, I’ll owe about 5k fed tax and my W4 is set up so I usually pay/owe nothing come tax time… so I’d currently get about a 5k refund. I’m looking at ways to increase my federal taxes before EOY to squeeze more out of it.
I just don’t want you to be disappointed come tax time. It’s a surprisingly common misconception.
Congrats! I was very close to buying this, but then got a very good deal on an Ioniq 5 instead. Hope you’ll be happy with it!
Is it Chinese?
Jesus Crist. Taking, not reading, to a whole new level. Two letters. That’s all you needed to read. Two letters 🤦♂️.
He or she is a Russian thinking he or she is living in a democracy and that he will benefit from climate change - I think you are expecting a bit too much.
😘
Because in Russia Chinese VW id4 are sold You think VW’s are made only in Germany or US?
Then you should have asked where it was assembled or sourced.
I’m not native speaker 🤷♂️
I think it’s either US or German built, no idea though.
