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Chevrolet Volt Tax Credit Scandal - READ ONLY

48 messages,  Last post on Apr 13, 2012 at 9:57 AM

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What is this discussion about? Chevrolet Volt, Car Buying, Electric Cars, Automotive News, Legislation

Messages Page 3 of 5

#19 of 48 Re: Volt sales dismal [lemko] by anythngbutgm

Jun 02, 2011 (6:13 am)

Replying to: lemko (Jun 02, 2011 6:04 am)
2 words, "Range anxiety"... They'll flock to any picture of a Leaf that has run out of juice and flood the forums with it. Then follow it up with some comment about tow trucks or how those owners deserve it for their stupidity of buying one, or how they bought an inferior vehicle all the way up to when Nissan should cancel the thing all together because it's nothing more than a glorified golf cart...
 
But, as soon as the all electric Volt arrives, the concept will be raved about by these same people and "range anxiety" will be an just an exaggeration...
 
Btw, I am a member of C&G, GMI and a few other GM boards so I read this stuff alot.

#20 of 48 tempest in a teapot ? by elias

Jun 06, 2011 (2:39 am)

Sounds to me like FUD from H8Rs.
Car shoppers know there is a 7500$ tax credit.
We will subtract it from our offering price or lease-payments no matter whether seller calls the Volt used or new.
over time, as the cars get more used, the buyers will pro-rate/subtract a lesser portion of the $7500 from their offers.

#21 of 48 Smoke, no fire by steve_ HOST

Jun 07, 2011 (6:57 am)

Chevy Volt Tax Credit Flap's A Flop
 
John O'Dell ferrets out the facts. "The column by a blogger for the National Legal and Policy Center was more about politics than fair play.
 
it would be illegal for a dealer who bought and registered a new Volt, collected the credit and then sold the car as a used vehicle to tell the new owner that he or she would get a tax credit. We've combed the Internet looking for complaints about that kind of nefarious behavior and haven't found one example yet. The tax code also says that tax credits for advanced technology cars like the Volt – as well as the Nissan Leaf and Tesla Roadster -- aren't to be claimed if the new-car buyer purchased the car just to resell it."

#22 of 48 Re: Smoke, no fire [steve_] by seaurchin

Jun 09, 2011 (10:15 pm)

Replying to: steve_ (Jun 07, 2011 6:57 am)
Steve, but the charge is not that they are selling it and telling the buyer that credit is still there. The charge is that they are abusing the taxpayer who gave the discount to buyers who want to be responsible in terms of energy consumption.
 
No laws are broken, but trust between dealerships and buyers has fallen to a new low.

#23 of 48 Re: Smoke, no fire [seaurchin] by steve_ HOST

Jun 10, 2011 (3:22 pm)

Replying to: seaurchin (Jun 09, 2011 10:15 pm)
Got a link? The take-away I got was that John O'Dell couldn't find any situations that matched that scenario. Easy charge to make but not so easy to prove. Be real surprised if we read any "rejected Volt tax credits" after the next tax season.

#24 of 48 Re: Smoke, no fire [steve_] by gagrice

Jun 13, 2011 (7:39 am)

Replying to: steve_ (Jun 10, 2011 3:22 pm)
Be real surprised if we read any "rejected Volt tax credits" after the next tax season.
 
There were many on the hybrids. Anyone getting put in the AMT bracket was not allowed the tax credit. Same for the first time home buyer tax credit. So if the dealer takes the tax credit and then sells the car at a price less the credit. He has actually done the buyer a favor. I have hesitated to buy anything with a tax credit as about every other year we end up in that horrible AMT category. 29.3% of households in the $75k to $100k were subject to AMT last year. That is a lot of the people likely to buy a hybrid or EV.
 
When considering the economics of buying a hybrid car, a shopper’s first best question has nothing to do with gas consumption, maintenance costs, or resale value. Surprisingly, the most important dollars-and-sense consideration is whether or not you pay the Alternative Minimum Tax (AMT). The answer to that question will determine if you qualify for the federal hybrid tax credit—a few hundred dollars or a couple of thousand dollars, depending on the vehicle purchased and when you buy it.
 
Unfortunately, many of the consumers most likely to buy a hybrid—prosperous but not ultra-wealthy families with kids and mortgages—are the most likely to pay the AMT. Therefore, a core group of hybrid shoppers will not receive the well-publicized tax credit. This loophole calls into question the federal government’s ability and commitment to encouraging consumers to conserve energy by purchasing a hybrid.

#25 of 48 Re: Smoke, no fire [gagrice] by steve_ HOST

Jun 13, 2011 (8:09 am)

Replying to: gagrice (Jun 13, 2011 7:39 am)
That's not the same as the claim that dealers were taxing the credit for themselves and selling nearly new Volts to unsuspecting consumers.
 
Still no evidence of that eh?

#26 of 48 Re: Chevy Volt Prices Paid and Buying Experience [seaurchin] by benrey23

Aug 21, 2011 (10:00 am)

Replying to: seaurchin (Jun 01, 2011 6:21 am)
I am a Certified Volt Salesman at a dealership in Indiana. We wanted a Volt sooner than GM was allotting us one. So we found a dealer in NY that was willing to sell one to us. NOw the one we bought was not a dealer trade but is was purchased like such. Meaning the dealer in NY did not want anything in return. Ofcourse we did not purchase it at the regular invoice minus credits. Since it was a dealer to dealer new vehicle transaction it is still a New vehicle and we did not claim any credit. It is sad to hear some of this is going on. All it does is hurt GM. The Volt is a fine vehicle with exceptional technology that far surpasses its competetors. The Leaf is having problems in terms of what they said was the EV range, what the EPA says is the EV range and what the public is actually getting which is lower than the EPA.
 
I would not be surprised if GM intervined and delayed some dealers alllocation that are practicing this credit game. As a saleman who is on the right of issues it is hard for me to support them since they were bailed out. I will say however the Volt was being designed well before the current administration. The Cruze is a great small compact car, the 2013 Malibu is sure to set fire, and the Volt is awesome technology. I hope GM does the right thing regarding this issue.

#27 of 48 Re: I think the [larsb] by benrey23

Aug 21, 2011 (10:03 am)

Replying to: larsb (Jun 01, 2011 11:11 am)
I agree it seems that way. It is dirty. But the MSRP is what the manufacturer suggests. The dealer is free to suggest a adjusted market price based on demand and availablility.

#28 of 48 Re: Chevy Volt Prices Paid and Buying Experience [benrey23] by claires HOST

Aug 21, 2011 (2:20 pm)

Replying to: benrey23 (Aug 21, 2011 10:00 am)
A couple of people cast some serious doubt on the original blog entry here; seems like it may have been a little short on facts.
 
http://townhall-talk.edmunds.com/direct/view/.f2315b9/10#MSG10
 
http://townhall-talk.edmunds.com/direct/view/.f2315b9/20#MSG20

Messages Page 3 of 5

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