In this case, $80,000.00 would be okay as you are at the limit, $80,000.01 would put you over the limit.
There are plenty of people living within their means not making near that much money or are retired that saved wisely that will be able to get that truck it all comes down to priorities if a person thinks they need a big house to keep up with the neighbors, eat out every meal, making big money but don't know how to save they maybe won't be able to get that truck without financing most of it. Where as someone else that lives within their means and saved some money will.
100%. Retired at 56. Never financed a car.
That's a choice, but I would argue cars are some of the best assets to finance depending on the climate. You can regularly finance at 0.9, 1.9, 2.9. That's rare in almost every other asset you can finance.
Sure hope so - too much good stuff in the bill. Once the bill becomes law then I'm sure we can sort it all out. Until then it is all educated guesses.
Which makes AGI caps even dumber. Some guy that was making $600k+ for years and retired with a fat nest egg qualifies under the new rules, but the young guy who just got a nice pay bump to counteract our runaway inflation doesn’t.
There is the potential that no EVs currently on the market qualify for $7,500 anymore. Let’s pass it then figure out how it all works…ya good strategy, let’s not understand all of the implications but pass it on a whim because politicians told us it saves the planet.
Not adult enough
It creates a binding legal contract, but not a purchase contract.
With Rivian's return policy, I have no issue signing a purchase agreement and paying for my R1S in 2022 for delivery in 2023 if it means I am guaranteed $7,500 saving. I realize this means giving Rivian a $80K loan interest free for a year. But I can't find any $80K investment that would guarantee a $7.5K return in a year either. I seriously hope Rivian would consider doing this for any customer willing to do it.
