Tesla “Forgot” To Submit Info To IRS For Used Buyers To Get $4000 Used Electric Car Credit
— in case you read this article later and want to see if Tesla has submitted the paperwork and it has been accepted.As you can see in the picture above, the average older Model S is selling at just over $25,000, which means about half are selling above and half are selling below. An you can see, the trend is down, so more and more Model S buyers will be missing out of the $4,000 tax credit if Tesla doesn’t file the paperwork before they file their taxes next year.
As you can see in the picture above, the average price of older Model 3 sales is still about $30,000, which makes no sense, since the new Model 3 inventory models are available for just over $38,000, which brings the net cost down to just over $30,000 for those eligible for the credit. I expect used Model 3 prices to continue to soften and many to be available for under $25,000 within the next few months.
As you can see in the picture above, 388 Model 3 cars are available in the US right now for under $30,000, with a handful available under $25,000 with a clean title. Once again, the buyers will miss out on the tax credit if Tesla doesn’t file for it.Tesla was very good at doing its part to ensure its customers buying new Tesla vehicles got the $7,500 credit if they were eligible, but interestingly, it seems the company is not as interested in going after the $4,000 credit for used vehicles.
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