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> If you qualify for the EV tax credit, I would argue the car is too expensive for your budget. The AGI limit for a couple is $300K. I'm pretty anti-new car as
by sokoloff 3y ago
> If you qualify for the EV tax credit, I would argue the car is too expensive for your budget.
The AGI limit for a couple is $300K. I'm pretty anti-new car as a financial move, but even I have to admit that a couple pulling down $250K-$300K/yr is probably going to be able to fade buying a new car if they want.
- TIPSIO 3y agoAgree but everything is obviously relative to people’s situation and no perfect rule. Location, state property taxes, share the car or not, do they already have loan on another new car, new home owners or not, current net worth, age/retirement goal, kids, kids in daycare, etc… $300k AGI can get eaten ridiculously quick. Hence why I think an EV is too expensive for most.
- sokoloff 3y agoAny new car is too expensive for most, so in that limited sense I agree with you. The EV credit serves to make an EV competitive on a TCO basis, so if you can afford any new car, you can probably equally well afford an EV with the credit.