Vehicle For Sale PRICE REDUCED 2019 BMW i3, 28,300 miles, new tires

[Tilly]

And just on the news: the new administration is planning on cancelling the EV tax credits. I assume 2024 purchases would not be affected.

I am surprised that there isn't more interest in purchasing EVs given all indications that tax credits will be eliminated in the new year. https://www.nytimes.com/2024/11/15/...-trump-tax-credit.html?searchResultPosition=1
Or, is the i3 a niche EV given its range/size/price?

 

[Tilly]

I am surprised that there is not more interest despite all indications that the tax credits will be eliminated.
https://www.nytimes.com/2024/11/15/...-trump-tax-credit.html?searchResultPosition=1
Wonder if the i3 is too niche given its range/size/price.

 

[Mondomensch]

I am surprised that there is not more interest despite all indications that the tax credits will be eliminated.
https://www.nytimes.com/2024/11/15/...-trump-tax-credit.html?searchResultPosition=1
Wonder if the i3 is too nice given its range/size/price.

In SF Bay Area, there seem to be a lot of CPO and other off lease 2021 models available now. I think the 150 mile range deters BEV novices, as do more general newbie worries about battery health. Also Hyundai at least is offering some dirt cheap leases on their latest EVs.

 

[tob1as]

I think people who have the money and/or needed a new car already pulled the trigger earlier this year (we did, going all electric by replacing our remaining ice car. And the constant negative media narrative on EVs has deterred a lot of people. Generally people aren’t buying cars of any kind as much currently. And awareness as to how cheap leases are currently seems to be low.

 

[Tilly]

I think people who have the money and/or needed a new car already pulled the trigger earlier this year (we did, going all electric by replacing our remaining ice car. And the constant negative media narrative on EVs has deterred a lot of people. Generally people aren’t buying cars of any kind as much currently. And awareness as to how cheap leases are currently seems to be low.

Still... hoping to find an i3 aficionado who will enjoy this spirited car.

 

[808Pants]

I am surprised that there is not more interest despite all indications that the tax credits will be eliminated.
https://www.nytimes.com/2024/11/15/...-trump-tax-credit.html?searchResultPosition=1
Wonder if the i3 is too niche given its range/size/price.

A few months ago I was on the threshold of buying a second EV, something bigger than the i3, likely an Ioniq 5...but I *thought* I ran into some internet-info that took the wind out of my sales because I'd taken the EV credit for our i3 purchase a couple of years ago...and while researching the Ioniq purchase details, there was some indication of a restriction on how soon I could take another credit, eg they don't want us to do it every year, or even every other year...maybe three years? I can't find that now, but would like to confirm. Anyone?

 

[bmwnomad]

It’s 3 years…

https://www.irs.gov/credits-deductions/used-clean-vehicle-credit

A few months ago I was on the threshold of buying a second EV, something bigger than the i3, likely an Ioniq 5...but I *thought* I ran into some internet-info that took the wind out of my sales because I'd taken the EV credit for our i3 purchase a couple of years ago...and while researching the Ioniq purchase details, there was some indication of a restriction on how soon I could take another credit, eg they don't want us to do it every year, or even every other year...maybe three years? I can't find that now, but would like to confirm. Anyone?

 

[Mondomensch]

A few months ago I was on the threshold of buying a second EV, something bigger than the i3, likely an Ioniq 5...but I *thought* I ran into some internet-info that took the wind out of my sales because I'd taken the EV credit for our i3 purchase a couple of years ago...and while researching the Ioniq purchase details, there was some indication of a restriction on how soon I could take another credit, eg they don't want us to do it every year, or even every other year...maybe three years? I can't find that now, but would like to confirm. Anyone?

However, my understanding is that as of this year, if you have the dealer take the credit, you can do that twice per year. It’s been a while since I looked at this, but it would have been in the info for dealers taking the credit. Maybe in the IRS FAQ questions for the credit?

From https://www.irs.gov/pub/taxpros/fs-2024-26.pdf (latest version as of writing)

 

[808Pants]

It’s 3 years…

https://www.irs.gov/credits-deductions/used-clean-vehicle-credit

Well, thanks for the ADHD assistance...THAT was indeed in plain sight.

 

[808Pants]

However, my understanding is that as of this year, if you have the dealer take the credit, you can do that twice per year. It’s been a while since I looked at this, but it would have been in the info for dealers taking the credit. Maybe in the IRS FAQ questions for the credit?

From https://www.irs.gov/pub/taxpros/fs-2024-26.pdf (latest version as of writing)

Ah, so there might be hope. But I have some not-so-joyful reading to do. (Is this also why these odd third-party "purchase my used EV from _________ in order to get it at this price" workarounds exist?)

 

[Tilly]

Tax credit is federal, not state. It’s applied to the sale price, not at tax filing time.

I bought via keysavvy in April. extremely smooth process. Had temp tags within an hour or so

Has anyone had experience with buying or selling a car with drivecaramel.com? It seems similar to Key Savvy.

 

[Tilly]

And the tax credit must have not been taken before for that car. Only one tax credit is allowed per vin number. I bought a used BMW i3 earlier this year myself that woulld have qualified, but unfortunately for me the tax credit had already been "harvested" by a previous short term owner.

I leased my new BMWi3 in 2019 and purchased it in 2022. KeySavvy says that the car is not eligible for the $4000 federal tax credit since the car was purchased by me from the dealer after August 2022. Anyone have experience with a leased car?

 

[Mondomensch]

This is from the IRS FAQ I linked up thread:

Q3. How will I know if a previously owned clean vehicle may be eligible for a credit? (updated July 26, 2024)
A3. Please see the following Used Clean Vehicle Credit page regarding vehicle eligibility. In addition, qualified buyers will
want to ensure their income does not exceed certain thresholds (see Topic E, FAQ 1) and check the sales history of the
vehicle to ensure that their purchase will qualify as the first transfer of the previously owned vehicle after Aug. 16, 2022
(see FAQ 4 and FAQ 7) other than to the person who was the original user of the vehicle

My guess is that it's that last requirement that's what they are referring to. I'm not totally sure as to the reason that was written into the rules for the credit.