Texas Potentially selling my R1S upon arrival

[Rhidan]

What I'm saying is that it is unlawful for them to blacklist a customer for reselling something that they as a customer have already purchased.

I don't really want to clog up this thread with a minor debate. but can you tell me what law you think this would violate? As an attorney, I'm drawing a blank here. This might be bad business, but I'm not sure why you are calling this "unlawful."

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[mgc0216]

It would be unlawful for them to blacklist anyone for reselling a vehicle.

i am genuinely curious: On what grounds would it be unlawful?

 

[moosehead]

I’m just trying to buy your car OP, don’t even care anymore what your configuration might be. Heck it could be pink chrome and I’d buy it.

Venmo ok?

Don’t listen to these friggin Pirates!

 

[Diddy123]

I don't really want to clog up this thread with a minor debate. but can you tell me what law you think this would violate? As an attorney, I'm drawing a blank here. This might be bad business, but I'm not sure why you are calling this "unlawful."

 

[OEVA]

Lol . . . you are getting some pretty sketchy tax advice here.

Not sure the IRS would audit you in the first place, but you cannot claim the tax credit if you are purchasing the vehicle for resale. Doesn't really matter if you title, license, or hold on to the care for a "minimum" amount of time.

Virtually every time anyone purchases a vehicle, they plan to resell it.

Anyone here planning on holding on to their Rivian forever and never selling it? If that is not the case, then you are purchasing it with the intent to resell it.

If never (re)selling your EV is a precondition on getting the tax credit, everyone that has ever claimed the credit has done so fraudulently.

 

[SANZC02]

Virtually every time anyone purchases a vehicle, they plan to resell it.

Anyone here planning on holding on to their Rivian forever and never selling it? If that is not the case, then you are purchasing it with the intent to resell it.

If never (re)selling your EV is a precondition on getting the tax credit, everyone that has ever claimed the credit has done so fraudulently.

That is not how the English language works. Purchasing it with the intent to resell it means the only reason you are buying it is to resell It.

Even if you are only planning on using it for a year, the intent is to use it.

Selling something when you are done using it does not alter the fact that the original intent was to use it not sale it.

 

[guernsej]

Virtually every time anyone purchases a vehicle, they plan to resell it.

Anyone here planning on holding on to their Rivian forever and never selling it? If that is not the case, then you are purchasing it with the intent to resell it.

If never (re)selling your EV is a precondition on getting the tax credit, everyone that has ever claimed the credit has done so fraudulently.

"The term “new qualified plug-in electric drive motor vehicle” means a motor vehicle—
(A)the original use of which commences with the taxpayer,
(B)which is acquired for use or lease by the taxpayer and not for resale,"

Purchasing for resale is different from purchasing for personal use and eventually reselling.

 

[mgc0216]

Virtually every time anyone purchases a vehicle, they plan to resell it.

Anyone here planning on holding on to their Rivian forever and never selling it? If that is not the case, then you are purchasing it with the intent to resell it.

If never (re)selling your EV is a precondition on getting the tax credit, everyone that has ever claimed the credit has done so fraudulently.

people on the internet say some dumb stuff, and this is a really outstanding example. kudos.

 

[RDB]

I am keeping my R1S, but I am in the camp of once I purchase the vehicle, it is mine. Rivian has no say in what I do with my vehicle after purchase. I may be legally incorrect, but anything else is ridiculous, to me.

 

[mkg3]

Doesn't it seem odd that this OP's 1st post is this thread and has not interacted since posting?

Troll or tribal marketing survey....

 

[Batman]

Would you be interested in a swap? Mine isn’t due until 2023

How did you find out when yours is due?

 

[OEVA]

people on the internet say some dumb stuff, and this is a really outstanding example. kudos.

While I don't believe anyone has asked, I find it unlikely that Rivian will provide only the MSO/MCO upon sale and not insist on issuing title in the buyers name. If Rivian granted you the MSO and you then provided it to a subsequent purchaser in order for them to register it as a new vehicle, then indeed you would have purchased it for resale.

The IRS provision people are referring to was included to prevent dealerships from claiming the credit when the purchase from the manufacturer and keeping it available for the consumer.

The act of titling the vehicle in your name is sufficient to overcome any argument of purchasing for resale.

I know that simple concepts sometimes escape internet groupthink.

 

[DFWTXR1S]

How did you find out when yours is due?

We got an email in December that tells you your delivery window.

 

[mgc0216]

While I don't believe anyone has asked, I find it unlikely that Rivian will provide only the MSO/MCO upon sale and not insist on issuing title in the buyers name. If Rivian granted you the MSO and you then provided it to a subsequent purchaser in order for them to register it as a new vehicle, then indeed you would have purchased it for resale.

The IRS provision people are referring to was included to prevent dealerships from claiming the credit when the purchase from the manufacturer and keeping it available for the consumer.

The act of titling the vehicle in your name is sufficient to overcome any argument of purchasing for resale.

I know that simple concepts sometimes escape internet groupthink.

You're changing discussions - this is actually a coherent statement.

Saying "Anyone here planning on holding on to their Rivian forever and never selling it? If that is not the case, then you are purchasing it with the intent to resell it." is not.

 

[ATXRivian]

Doesn't it seem odd that this OP's 1st post is this thread and has not interacted since posting?

Troll or tribal marketing survey....

Oh no... I'm here. Don't be a conspiracy theorist... otherwise, you become the troll.

I just didn't feel the need to comment since folks quickly turned this into a tax liability / credit thread of which I have no interest in participating. I received the answer I needed, which is, there will be interest and there are possibly a few ways of going about it.

I'll figure out what I want to do when I am ready to do so.

Appreciate the genuine answers to the original question and those that reached out.

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