Price Paid on PIP?

Not the $10k down payment...with all the rebates of $10k ( $2.5k + 7.5k), total price will come down to less than $20K?

 

schumi... that's what I'm thinking (hoping anyways LOL!). Hard to imagine that we've got some of the best EV credits anywhere in the country here in The Mountain State, but it appears we do. And I'm aiming to take advantage of 'em!

 

i hope tax credit is limited to one per household, or there might be serious loop-hole issues.

 

Not following... please explain.

 

Once PiP is offered in WV, the dealers might be selling themselves the PiP for $7500 + $2500 and sell it as used with less then 10 miles on it with great discount. This might kill PiP price in region close to WV.
If it's not limited to one per household, one might do it themselves and sell it.

 

Thanks raimix. See what you're talking about now. I don't see anything limiting it per household though the way the law is currently written http://www.legis.state.wv.us/wvcode/code.cfm?chap=11&art=6D.

Although we're talking about completely different types of vehicles here, the scenario you describe doesn't seem to have played out that way with sales of the Volt or the Leaf, both of which are currently offered in West Virginia.

 

The thing is, the rebate applies only to your tax liability. It's not a cash rebate. And since these are state taxes, it will take a couple years to exhaust it (the credit DOES carry over). But multiple years? I do not know how much money you need to be making to exhaust $75,000 worth of credits (for just 10 cars). It doesn't really make sense.
Btw, there's a rebate for refueling infrastructure too. So you could get an L2 charger installed pretty cheap.

 

I looked at some of the deals posted here and thought it was worth a try to see if I could trade up to a Plug in. Our Prius is a Prius II 2011 with 15,000 miles. Long story short I offered my Prius plus $5000 on a base plug in at our upstate NY dealer. They responded with my Prius plus $11,000. I indicated I would be interested when they were serious about dealing on one of the many 2012 Plug Ins they had on the lot.

 

Well there is a limit, only grants one credit for same alternative-fuel motor vehicle.
So you can't buy 2 PiPs and claim 2 credit, but can do 1 PiP + 1 Leaf for 2 credits.

What if there was no restriction?
It can be done with just few participating dealers who are willing to sell eachother cars.
Dealer A sells to Dealer B for small profit on vehicle is eligible for $7500 state tax credit. Dealer B (who doesn't have to be Toyota dealer just need to have tax liability greater then $7500, volume dealers should carry huge liability). Dealer B claims the tax credit, sells the said car with low mark down price due to tax incentive taking care of their margin. Dealer B continues to purchase eligible vehicle until their tax liability # has been matched with tax credit.
What if Dealer B is part of chain dealer ? or part of Auto group that carries multiple brand of cars.

Dealer A can also purchase said vehicle from Dealer C and claim tax credit, and sell it used with under 10 miles.
Dealer C can do the same by purchasing from Dealer A. What if there is also Dealer D who also wants to do this? What if Dealer D is also part of Auto group?

 

Was this Maguire Toyota?

If the price of PiP is $25000, you are asking for $20000 for your used Prius II.
Given $25000 is the lowest price we've seen for PiP, I doubt they will give you $20000 for your used Prius II since they will make no profit on either end.
You can check out KBB for your car's trade in value, but remember those are optimistic #s as well.
You can try to sell your Prius yourself, and buy the PiP. Remember you will also be eligible for $2500 federal credit, meaning price can go low as $22500 + fees.

 

...hope I am not too late....be sure to read the latest WV post in the Federal and State Incentives for PiP sticky thread. The funny thing about WV credits is watch how you handle the trade, could reduce your basis for the tax credit.

Your price sounds close - I am thinking you could get $27k before credits and taxes.

 

With the $4,000 off a good price would be $27,000 on the base 2012 PIP. A good offer in WNY for your 2011 is $19,000.
So your at 8,000 plus tax ($700 in erie county @8.75%)less the $2500 federal tax credit (if your eligible, .no dealer can give you this $2500)
The zero percent 2012 PIP financing can save you thousands if your paying interest on your 2011

In the end after the federal credit it could be less than $5000 if you are paying interest on your 2011

I just traded my 2011 in for a 2012 PIP (only because of all these incentives), I was very happy with my experience at Northtown Auto

 

I'm buying a prius from NJ on Wed since ill be out there for work and shipping it back to Cali. But after reading the CA HOV requirements, does the car still qualify for the HOV sticker?

In the toyota warranty, it states that some vehicles based on where its sold will have a longer battery/emmissions warranty. In states that have adopted the California Emission Control Warranty, coverage is 15 years/150,000 miles for performance and defect, and the hybrid battery is covered for 10 years/150,000 miles.
Toyota Prius Plug-in Warranty Coverages

The HOV requirements include the longer CA warranty. Can anyone verify that the warranty is the same as CA?

It seems a few people have bought from out of state and brought the car back to CA. Any ideas about this? Also, can anyone who bought out of state but registered in CA confirm that they actually received the $1,500 rebate from California?

Or are there any NJ owners that can verify the warranty?

I'm going to ask my dealer, but would love to verify that a NJ car has had success getting the HOV sticker.

Thanks all! Hopefully on WED I can add my deal to this list.

 

Henry- I assume you are talking PiP like we all are here, but you did not mention it.
Yikes though good incentives question I don't know answer but at least NJ is CARB state (I think).
Up to this point, no one has brought up your question. Lots of CA folks bought in OR though and they have not mentioned this as issue. I only know for sure one Prius Chatter from CA who bought in MD that is STEARICOM you can see some of his posts here just before you started posting last week. Some others talked about it. To my knowledge your proposed deal would set the distance record assuming NJ to CA is further than MD to CA. We'd have to get out the chains to make a measurement.

I am guessing you are OK Henry since NJ, MD, NY these are all CARB states. OR does not seem to be a CARB state? I was shocked to see my own county (Northern VA) listed as a CARB region...are we saying my own traction batt is guanteed for 150k?

 

As mentioned earlier, unless I am mistaken, the PiP is only being sold in CARB states at this point (except perhaps VA?), so it's basically a non-issue

 

States adopting the California standards include Arizona (2012 model year),[1] Connecticut, Maine, Maryland, Massachusetts, New Jersey, New Mexico (2011 model year), New York, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington, as well as the District of Columbia.
States where PiP is sold: CA, OR, WA, VA, MD, DE, NJ, NY, CT, RI, MA, AZ, VT, NH, ME.

 

So I guess you could potentially be in trouble if you buy the car in VA or NH or DE. Btw, no one here has bought in DE yet.

 

But according to Ford, what matters is the state of registration, NOT state of purchase. You wouldn't be able to register the car if it didn't meet California emissions standards, but the PiP is a 50-state vehicle, so this is moot.
See 2012 Ford Taurus | View the Ford Taurus California Emissions Warranty | Ford.com

 

I found the following (from http://resources.fiskerautomotive.com/static/downloads/en-us/pdf/2012/karma/2012_Fisker_Karma_Warranty.pdf), so I think it should be okay.

1. The following states have adopted California emissions and warranty regulation: Connecticut, Maine, Maryland, Massachusetts, New Jersey, Oregon, Pennsylvania, Rhode Island, Vermont and Washington (NOTE: New York adopted California emission standards, but not the California Emissions Warranty regulations. The Federal Emissions Control Warranty applies for New York vehicles)

 

The thing I saw said Northern VA was CARB, which is news to me.
OMG, am I in a CARB region?! I must write my Congressman.
How about those Californians who bought in OR? OR not even a CARB State?

I plan to start a thread in ENVIRO to discuss CARB states but if someone else wants to get it started go ahead I cannot get to it right now.

One key question is Prius HV Batt Warranty, does that depend on state of purchase or state of registry? I am sure some of this info is posted years ago but we need a refresher.