1. Attachments are working again! Check out this thread for more details and to report any other bugs.

I'd like to buy a '22 Prius Prime in July, any suggestions?

Discussion in 'Prime Main Forum (2017-2022)' started by WiSeIVIaN, Oct 25, 2021.

  1. WiSeIVIaN

    WiSeIVIaN New Member

    Joined:
    Oct 20, 2021
    9
    2
    0
    Location:
    Chicago
    Vehicle:
    2011 Prius
    Model:
    Two
    I live in Illinois which seems to generally be a low prius prime inventory state and will begin a $4000 cash back in July 2022. My questions...

    1. Should I be placing an order at some point, or just hoping there is inventory in July?

    2. If placing an order, would I receive whatever cash incentive is available at time of purchase, or when placing the order?

    3. If placing an order what happens if car comes in before July 1st?


    In an ideal world I purchase in July and can get the $4500 fed credit, $4000 Illinois credit, and maybe Toyota will. Have a $5500 incentive again.

    Any other thoughts or suggestions welcome. I'd love a blue XLE with minimal other add-ons but I know we live in crazy times so I am open to other colors / trims if needed at time of purchase.
     
    #1 WiSeIVIaN, Oct 25, 2021
    Last edited: Oct 25, 2021
  2. schja01

    schja01 One of very few in Chicagoland

    Joined:
    Apr 22, 2005
    1,731
    1,154
    0
    Location:
    Chicagoland
    Vehicle:
    2018 Prius
    Model:
    Prime Advanced
  3. WiSeIVIaN

    WiSeIVIaN New Member

    Joined:
    Oct 20, 2021
    9
    2
    0
    Location:
    Chicago
    Vehicle:
    2011 Prius
    Model:
    Two
    Good point. I assumed Illinois is matching other states and the federal credit that consider both PHEV (like the prius prime) and BEV (full electric) to be electric vehicles. Perhaps I am mistaken, but even after reading the actual bill the was passed it is unclear as no exact definition was given.
     
  4. schja01

    schja01 One of very few in Chicagoland

    Joined:
    Apr 22, 2005
    1,731
    1,154
    0
    Location:
    Chicagoland
    Vehicle:
    2018 Prius
    Model:
    Prime Advanced
    Me thinks Illinois is not PHEV friendly. Take license plates. There are EL plates For Electrics but not Plugins.
     
  5. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    107,571
    48,862
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    i would wait and hope for inventory. who knows, the world could completely change again.

    by then, you should know whether the 4k applies to phev or not.

    5500 rebate is highly unlikely, but again, who knows?

    if you want a prime despite all the caveats, order one now.
     
  6. MTN

    MTN Active Member

    Joined:
    Feb 26, 2017
    306
    275
    2
    Location:
    SB, CA
    Vehicle:
    2021 Prius Prime
    Model:
    LE
    agreed
    from the bill
    "Electric vehicle" means a vehicle that is exclusively powered by and refueled by electricity, must be plugged in to charge, and is licensed to drive on public roadways. "Electric vehicle" does not include electric motorcycles or hybrid electric vehicles and extended-range electric vehicles that are also equipped with conventional fueled propulsion or auxiliary engines.
     
  7. Salamander_King

    Salamander_King Senior Member

    Joined:
    Nov 8, 2015
    10,958
    8,836
    0
    Location:
    New England
    Vehicle:
    Other Hybrid
    Model:
    N/A
    Did IL ever have a $5500 rebate or any rebate on PP from Toyota? AFAIK, the $5500 rebate was NE and NY region only. CA had $5000 rebate, I think. But all other sales regions in the US had very little or none. And I highly doubt that Toyota is going to give any more than they have to as long as this seller's market continues. It is highly doubtful even in NE/NY region that we get to see $5500 rebate again.

    You still have time. If I were you, I would wait closer to July to see what the market hold then.
     
    triggerhappy007 likes this.
  8. WiSeIVIaN

    WiSeIVIaN New Member

    Joined:
    Oct 20, 2021
    9
    2
    0
    Location:
    Chicago
    Vehicle:
    2011 Prius
    Model:
    Two
    Thank you. I just found the same passage in the bill text. Dream Destroyed!
     
    MTN likes this.
  9. Old Bear

    Old Bear Senior Member

    Joined:
    Sep 15, 2017
    712
    1,048
    20
    Location:
    Boston, Massachusetts USA
    Vehicle:
    2017 Prius Prime
    Model:
    Plug-in Advanced
    Sounds unfortunate but if you're a regular reader of PriusChat you may have noticed several posts from people who purchased a Prius Prime because of the tax incentives and had no intention of ever plugging it in and using it in EV mode.

    If manufacturers could develop a uniform interface, it might be practical for PHEVs to be certified fir some minimum level of EV use as part of annual inspections in those states which mandate such inspections. Or (heaven forbid!) just raise the gasoline tax to encourage drivers to use EV mode whether driving a BEV where they don't have a choice or a PHEV where they do.

    Of course, as with all tax legislation, if there are any loopholes, someone will figure out a way to drive through them.
     
  10. PT Guy

    PT Guy Senior Member

    Joined:
    Nov 23, 2016
    1,074
    707
    0
    Location:
    Washington, the state
    Vehicle:
    2017 Prius Prime
    Model:
    Plug-in Advanced
    "2. If placing an order, would I receive whatever cash incentive is available at time of purchase, or when placing the order?"
    Everything I've seen has the effective date as the date the car was registered to you.
     
  11. Glenn G

    Glenn G Member

    Joined:
    Jun 2, 2018
    117
    63
    0
    Location:
    North Andover
    Vehicle:
    2018 Prius Prime
    Model:
    Prime Premium
    If you're referring to the $5,500.00 Toyota offer to take off of the purchase of a Prius in 2021, I bought a new 2021 Prius Prime (all of the other trim levels were offered with the same discount) in June 2021 at a Massachusetts dealer. I had owned a 2018 Prime, but had to wait until 3 years had passed to qualify for the MA $1,500.00 rebate- which I have received, and I am now looking forward to my $4,502.00 federal tax credit. There were still quite a few available in Eastern AM in June 2021, back then we still had cheap gas, now it's different, of course "because of Covid" .....
     
    MTN likes this.
  12. Salamander_King

    Salamander_King Senior Member

    Joined:
    Nov 8, 2015
    10,958
    8,836
    0
    Location:
    New England
    Vehicle:
    Other Hybrid
    Model:
    N/A
    So did I. I bought the last 2021 PP Ltd in inventory stock at a local dealer in July this year with $5500 Toyota cashback after selling less than 1-year-old 2020 PP LE for a net gain of $4000. My question was for OP who lives in IL. I am not aware that the Chicago region Toyota dealers ever had large Toyota incentives. If OP is planning to buy PP in 2022 locally in IL, I highly doubt there will be any Toyota rebate. Even in NE region, we may not see much increase in the Toyota rebate from the current $1500.
     
    Glenn G likes this.
  13. Glenn G

    Glenn G Member

    Joined:
    Jun 2, 2018
    117
    63
    0
    Location:
    North Andover
    Vehicle:
    2018 Prius Prime
    Model:
    Prime Premium
    I seem to recall that the Prime was removed from the MA rebate list in maybe 2019? I doubt that anything more generous than $1,500.00 will be offered, if at all. The push is on for fully electric vehicles.
     
  14. Salamander_King

    Salamander_King Senior Member

    Joined:
    Nov 8, 2015
    10,958
    8,836
    0
    Location:
    New England
    Vehicle:
    Other Hybrid
    Model:
    N/A
    It seems the federal tax incentive will be gone as well.
    Am I reading Build Back Better correctly? | PriusChat
    Dwindling Toyota's cashback, vanishing state incentives, and now lost federal tax credit on PP. Sound like this is the last year PP will be flying off the shelf. I will likely sell my 2021 PP Ltd to get a new BEV with the most incentives I can get, which seem to be Bolt with $12000 off MSRP. I just hope they figure out the problem with the battery before the new tax incentive rolls out.
     
    #14 Salamander_King, Nov 21, 2021
    Last edited: Nov 21, 2021
    pghyndman and MTN like this.
  15. pghyndman

    pghyndman Active Member

    Joined:
    Dec 27, 2018
    498
    463
    0
    Location:
    CT shoreline
    Vehicle:
    2021 Prius Prime
    Model:
    Limited
    Ditto, but we love our 2021 PP Ltd (third PP in as many years), and will be keeping it. If we could get the Full Monty of $12K benefits for a US finalized BEV though, we'd likely jump to replace one of our other vehicles.
     
    Salamander_King likes this.
  16. Salamander_King

    Salamander_King Senior Member

    Joined:
    Nov 8, 2015
    10,958
    8,836
    0
    Location:
    New England
    Vehicle:
    Other Hybrid
    Model:
    N/A
    Yeah, I may end up keeping my PP. It all depends on what BEV (or maybe PHEV) qualifies for the tax credit in what form. If it is not refundable then I may not get full credit. I will only make a swap if and only if it ends up in a net gain, otherwise, I will just keep saving for my first BEV.
     
    pghyndman likes this.