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.
12 Comments
RippleEffect@lemm.ee · 2 pts · 2y
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.
poofy_cat@lemm.ee · 1 pts · 2y
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.
RippleEffect@lemm.ee · 2 pts · 2y
I just don't want you to be disappointed come tax time. It's a surprisingly common misconception.
Dranadia@lemm.ee · 1 pts · 2y
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!
Ildar@lemmy.world · -11 pts · 2y
Is it Chinese?
LemmyIsFantastic@lemmy.world · 2 pts · 2y
Jesus Crist. Taking, not reading, to a whole new level. Two letters. That's all you needed to read. Two letters 🤦♂️.
GenEcon@lemm.ee · 2 pts · 2y
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.
Ildar@lemmy.world · -1 pts · 2y
😘
Ildar@lemmy.world · 0 pts · 2y
Because in Russia Chinese VW id4 are sold You think VW's are made only in Germany or US?
LemmyIsFantastic@lemmy.world · -1 pts · 2y
Then you should have asked where it was assembled or sourced.
Ildar@lemmy.world · 2 pts · 2y
I'm not native speaker 🤷♂️
poofy_cat@lemm.ee · 1 pts · 2y
I think it's either US or German built, no idea though.