Submitted by Exsedol on August 3, 2014
I have some questions regarding the $7500 federal tax credit for the Tesla Model S.
Q1: I currently pay over $1,000/month in federal taxes. Would I be able to claim the full $7500 credit?
Q2: I've heard that Alliant Credit Union will count the $7500 tax credit toward the down payment on a new Tesla Model S. Is this true?
Q3: I believe I recall a Tesla rep saying that inventory vehicles (not buyback) are applicable for the $7,500 tax credit since they have not been titled. Is this true?
Q4: As a follow-up to Q2, if Alliant credits the $7500 toward the down payment on a new Tesla Model S, will they do the same for a used inventory car that has not been titled?