Average EV is around $50k
So in 625 months (52 years) I’ll recoup my outlay.
Why didn’t I think of this?
So in 625 months (52 years) I’ll recoup my outlay.
Why didn’t I think of this?
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Biden just said if I buy an electric car I will save $80 a month on fuel costs.
- Thread starter Duffy LaCoronilla
- Start date
I’m selling my 2004 Tacoma and buying a Tesla.
Can’t wait to start saving so much money!
I should buy two Teslas. Double the savings!!!
And think of how much cleaner for the earth it will be when I buy a newly produced vehicle instead of continuing to drive the one that was made 18 years ago!!!
Assuming the guy I sell it to never drives it…
write it off on your business dummy, the gumbint give tax credits for EVs too.
you probably save more than that in fuel when accounting for electricity usage
grandpa biden like most politicians has been known to be a poor communicator of facts
Oh, ok. Just “write it off”.
Gee, why didn’t i think of that. I’m sure the irs would have no issue with it.
Hire a good CPA dummy and you'd be surprised how much he can save you from paying Sam, turbotax ain't gonna cut it
Section 179 deduction
mr fancy needs a bimmer and a porsche?
have you seen the Rivian truck
Here's every electric vehicle that qualifies for the current and upcoming US federal tax credit
Here's a comprehensive guide to help you figure out if your electric vehicle still qualifies for any federal tax credit and state incentives.
“First and foremost, it’s important to understand three little words the government slips in front of the $7,500 credit – “may” and “up to.” As in, you may qualify for up to $7,500 in federal tax credit for your electric vehicle. At first glance, this credit may sound like a simple flat rate, but that is unfortunately not the case.”mr fancy needs a bimmer and a porsche?
have you seen the Rivian truck
Here's every electric vehicle that qualifies for the current and upcoming US federal tax credit
Here's a comprehensive guide to help you figure out if your electric vehicle still qualifies for any federal tax credit and state incentives.electrek.co
MAY qualify for UP TO $7,500.
Ok. Rivian Truck starts at $79,500.
So I’m $72k out of pocket (and contrary to your belief you can’t write off a personal vehicle as a business expense).
$80 a month savings in fuel cost.
900 months.
75 years to recoup my money from the gas savings.
I’ll be 126 years old.
Isn’t it better for the planet for me to just keep my Tacoma rather than having a whole nuther car built?
Can’t afford gas? Buy this $80,000 electric truck. You‘ll “save money”.
Unless he said you should immediately sell your current car, you seem to be making an argument against a point nobody made.
I would drive that thing until it dies, which could be a long time from now.
as long as you use the vehicle on the job you can. do you hire a CPA who actually knows how to itemize, deduct, depreciate?
or are you too much of a tight arse and use turbo tax?
.
you act like you're paying the 72k up front you're not, it gets paid off over time at a fairly low historical low interest rate while the currency is debasing at 10-15% per year
likely you're saving much more on gas than Brandon states,
whatever you monthly fill up costs - the minor electric costs would be the true figure
that or continue to drive a shitbox and complain one day when it breaks down on the way a jobsite
