Fargoneandout
Well-known member
- Joined
- Dec 6, 2016
- Messages
- 64
I read that Chevy has used up about half of their allotment of full-value Federal Tax Credits. If Chevy sells 30k Bolts a year then right around the three year mark a new Bolt will start costing a lot more. I cannot recall the exact decline in the tax credit curve and I realize it won't go away immediately but decline in value gradually. All the same, a Bolt bought today may well hold value well today. My cost today is, let's say, $37,495. My tax credit if I can use it all is $7500, making my out of pocket the $29,995 (makes me sound like Earl Scheib, don't it?). That same vehicle, three years hence, will cost more out of pocket, making my used Bolt a better bargain, since it's residual value should be boosted somewhat by the used-versus-new value at that time.
I had to think this through and of course much of this depends on continuation of both EV tax policy (we don't even know that Congress won't kill the tax credit outright), and market demand for the Bolt. This also makes we wonder what the lease terms forecast in terms of residual value and how the credit plays into valuation. I'm not a lessor so if anyone who is and who has thought about what that might imply, I'd be delighted to be a good listened.
I had to think this through and of course much of this depends on continuation of both EV tax policy (we don't even know that Congress won't kill the tax credit outright), and market demand for the Bolt. This also makes we wonder what the lease terms forecast in terms of residual value and how the credit plays into valuation. I'm not a lessor so if anyone who is and who has thought about what that might imply, I'd be delighted to be a good listened.