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This Vehicle Includes $4,000 Used EV Tax Credit in Advertised Price! Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) or fuel cell vehicle (FCV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000.If you do not transfer the credit, it is nonrefundable when you file your taxes, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.At the time of sale, a seller must give you information about your vehicle's qualifications. Sellers must also register online and report the same information to the IRS. If they don't, your vehicle won't be eligible for the credit.Purchases made before 2023 don't qualify.Who qualifiesYou may qualify for a credit for buying a previously owned, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV), including cars and light trucks, under Internal Revenue Code Section 25E.To qualify, you must:Be an individual who bought the vehicle for use and not for resaleNot be the original ownerNot be claimed as a dependent on another person's tax returnNot have claimed another used clean vehicle credit in the 3 years before the purchase dateIn addition, your modified adjusted gross income (AGI) may not exceed:$150,000 for married filing jointly or a surviving spouse$112,500 for heads of households$75,000 for all other filersYou can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your income is below the threshold for 1 of the 2 years, you can claim the credit.For more information on how to qualify see Publication 5866-A, Used Clean Vehicle Tax Credit Checklist PDF.Qualified vehicles and salesTo see if a vehicle is eligible for the used clean vehicle credit:To qualify, a vehicle must meet all of these requirements:Have a sale price of $25,000 or less. Sale price includes all dealer-imposed costs or fees not required by law. It doesn't include costs or fees required by law, such as taxes or title and registration fees.Have a model year at least 2 years earlier than the calendar year when you buy it. For example, a vehicle purchased in 2023 would need a model year of 2021 or older.Not have already been transferred after August 16, 2022 to a qualified buyer.Have a gross vehicle weight rating of less than 14,000 poundsBe an eligible FCV or plug-in EV with a battery capacity of least 7 kilowatt hoursBe for use primarily in the United StatesThe sale qualifies only if:You buy the vehicle from a dealer.For qualified used EVs, the dealer reports required information to you at the time of sale and to the IRS.A dealer is a person licensed to sell motor vehicles in a state, the District of Columbia, the Commonwealth of Puerto Rico, any other territory or possession of the United States, an Indian tribal government or any Alaska Native Corporation.Required information includes:Dealer's name and taxpayer ID numberBuyer's name and taxpayer ID numberSale date and sale priceMaximum credit allowable under IRC 25EVehicle identification number (VIN), unless the vehicle is not assigned oneBattery capacityHow to claim the creditYou can apply the Clean Vehicle Tax Credit immediately toward the amount you pay for the vehicle by transferring the credit to the dealer or you can wait and claim the credit when you file your tax return.To transfer the credit at the time of sale, you must buy the vehicle from a registered dealer primarily for personal use (not for resale).Get a time-of-sale reportThe dealer should give you a paper copy of a time-of-sale report when you complete your purchase.Keep this copy for your records because it affirms that the dealer sent a report to the IRS on the purchase date.If you didn't receive a copy of the report, follow our step-by-step guide.File Form 8936 with your tax returnYou must file Form 8936 when you file your tax return for the year in which you take delivery of the vehicle. This is true whether you transferred the credit at the time of sale or you're waiting to claim the credit when you file.For detailed instructions, follow our step-by-step guide.This 2016 Chevrolet Volt Premier, comes in Mosaic Black Metallic exterior with Jet Black/Jet Black Accents interior. 73439 miles. Stock Number PGU115085 WHY THIS VEHICLE? Important Package InformationDriver Confidence Package ($495 value)Rear Cross-Traffic Alert Sensor IndicatorSide Blind Zone Alert with Lane Change AlertDriver Confidence II Package ($495 value)IntelliBeam Automatic High-Beam HeadlampsFollowing Distance Sensor IndicatorForward Collision AlertLane Keep AssistLow Speed Front Automatic BrakingPreferred Equipment Group 2LZLeather-Appointed Seat TrimComfort PackagePremium 8-Speaker Audio System Feature with SubwooferSafety and Security The vehicle is equipped with a system that senses, and then prepares, the vehicle and/or occupants, for an impending forward collision. The vehicle is equipped with a camera that displays an image of the area behind the vehicle on an interior display. An active lane departure system alerts the driver of unintended movement of the vehicle out of a designated traffic lane and automatically maintains the vehicle's position within that lane.Technology and Telematics Without the need for a manufacturer specific app to be installed on the smart device, the vehicle infotainment system can access and control functions of a smart device physically plugged-into the vehicle. Mobile devices can wirelessly connect to the internet through the vehicle's private mobile network. If you decide to speak with one of our knowledgeable associates - please reference this Stock number PGU115085. Connect with us now by calling (831) 740-6042.This Chevrolet has gone through our service process - You can request the full inspection at anytime. WHY CHOOSE WATSONVILLE GMC?Watsonville GMC is the Bay Area's New GM Dealership. Our locally Owned and Low-Cost Overhead Means Great Savings on All our New, Certified Pre-Owned and Off-Brand Vehicles. We Deliver New and Pre-Owned Vehicles Coast-to-Coast and Provide a Fast, Internet Based Experience, that Saves you Time and Money. Our Expanded Service & Parts Departments are GM Factory Trained and Certified and Work on All GM Cars, Trucks and SUV's. We also Maintain a Staff of Trained and Certified Off-Brand Pre-Owned Vehicle Technicians. Check out what our customers think of us!https://www.watsonvillegm.com/Reviews
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Watsonville, CA
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Est. Monthly Payment This estimate is for illustration purposes only and accuracy is not guaranteed. Acquisition fees, destination charges, tag, title, and other fees are not included in this calculation.
$540
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We've assumed a fuel economy of 21 miles per gallon for a comparable gasoline powered premium sedan, for example, the 2016 Mercedes-Benz S550. We've also assumed the national average of $0.13 per kilowatt-hour for electricity, 10% charging on Tesla’s Supercharger network and $2.70 per gallon for premium gasoline over the next five years.
Florida has allowed owners of hybrid, electric and other low-emission vehicles to ride in high-occupancy-vehicle lanes with only one person in the car between 7 a.m. and 9 a.m. and 4 p.m. to 6 p.m. on weekdays. And with the introduction of the I-95 express lanes, they don't have to pay tolls.
EVs benefit from not requiring oil changes or other maintenance costs for exhaust systems. Studies have shown that this represents a 35 percent decrease in cost over time. Some calculations peg this to about 3 or 4 cents per mile of maintenance cost in an EV versus closer to 6 cents in an internal combustion car.
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