If you are over the income limits (150/300k) of the new bill and haven't gotten your truck....

[cvalue13]

Exactly why they write it that way!

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[DKZB]

So I went to the dealer yesterday and they very willingly prepared a customer order form. On the bottom it includes "THIS ORDER NOT SUBJECT TO CANCELLATION - DEPOSIT NON-REFUNDABLE". There are a number of boiler plate T&C. It seems to be a standard dealer form that likely many other dealers have also.

It also seems to include some "junk" fees in addition to the $2500 Mark-up that I am going to have to discuss with them but that aside, to me it seems like it meets the requirements.
I scanned the form ( personal and dealer information redacted). Let me know your thoughts....

The garbage fees seem to be about $1000 - ($599 Doc Fee and $399 Window Etching) + $2500 MSRP Mark-up.

All that said, while I would prefer not to pay any of that, qualifying for the $7500 rebate + MY22 vs MY23 is a better deal for me even if I ultimately have to pay the fees.

 

[JediGamerCT]

So I went to the dealer yesterday and they very willingly prepared a customer order form. On the bottom it includes "THIS ORDER NOT SUBJECT TO CANCELLATION - DEPOSIT NON-REFUNDABLE". There are a number of boiler plate T&C. It seems to be a standard dealer form that likely many other dealers have also.

It also seems to include some "junk" fees in addition to the $2500 Mark-up that I am going to have to discuss with them but that aside, to me it seems like it meets the requirements
If I have some time today, I will try to scan it with any personal and dealer information redacted. Stay Tuned...

I reached out to my dealer this morning asking for the same thing…hopefully it’s no sweat off their back to afford us this shield to any unintended consequences of the IRA becoming law before we take delivery. Thanks for sharing!

 

[cvalue13]

I reached out to my dealer this morning asking for the same thing…hopefully it’s no sweat off their back to afford us this shield to any unintended consequences of the IRA becoming law before we take delivery. Thanks for sharing!

Because you expect delivery no sooner than 2023?

 

[greenne]

I asked my dealer for a purchase order just as a CYA in case I/we are wrong about the tax credit changes only applying to 2023+.

Was told that it's not gonna happen at my dealer as they don't feel as they can commit to a purchase order for a truck they do not physically have.

I asked if they would just simply sign the ford.com order page(printed out) and they said they would get back to me.

In my eyes, a submitted and accepted order shows intent as much as a purchase order does. I mean is it really binding if the only thing binding you is a minimal non-refundable deposit?

I think the point is to show a genuine intent to purchase the vehicle..a submitted order and acknowledged order(with price and mfr supplied VIN#) does show intent.

May be overkill, but worth at least a bit of effort just as a CYA

 

[bydabeach]

So I went to the dealer yesterday and they very willingly prepared a customer order form. On the bottom it includes "THIS ORDER NOT SUBJECT TO CANCELLATION - DEPOSIT NON-REFUNDABLE". There are a number of boiler plate T&C. It seems to be a standard dealer form that likely many other dealers have also.

It also seems to include some "junk" fees in addition to the $2500 Mark-up that I am going to have to discuss with them but that aside, to me it seems like it meets the requirements.
I scanned the form ( personal and dealer information redacted). Let me know your thoughts....

The garbage fees seem to be about $1000 - ($599 Doc Fee and $399 Window Etching) + $2500 MSRP Mark-up.

All that said, while I would prefer not to pay any of that, qualifying for the $7500 rebate + MY22 vs MY23 is a better deal for me even if I ultimately have to pay the fees.

That form (I know it is a boilerplate form that many dealers use) looks familiar and so do the charges- (the window etch fee (which is total BS) and the doc fees. Did you also consider the registration and title fee of $399? I think we may be buying from the same dealer, but in a different location. But I am not paying any ADM.

Would you like to share some info offline that may be helpful to both of us?

 

[FordLightningMan]

My dealer confirmed they will not provide any document which doesn't say the words "non-binding," as they would assume unwanted liability doing so. They are providing me with an updated purchase order signed by the dealer, which includes my VIN (original documents didn't have VIN), but non-binding wording will remain. I'm appreciative they're doing anything at all, I get everyone is in some sort of a bind because of this poorly written monstrosity of a bill.

I'll have to see the final bill and get some tax guidance to determine what I'm going to do come tax season. My truck likely will arrive in a week or two, would be awful luck to miss $7,500 by a few days.

 

[cvalue13]

I'll have to see the final bill and get some tax guidance to determine what I'm going to do come tax season. My truck likely will arrive in a week or two, would be awful luck to miss $7,500 by a few days.

If you’re taking delivery in a week or two, what is it exactly that has you worried?

In that delivery posture, I don’t think you have any need for “binding” language in your contract

 

[FordLightningMan]

If you’re taking delivery in a week or two, what is it exactly that has you worried?

In that delivery posture, I don’t think you have any need for “binding” language in your contract

The bill is being voted on tomorrow, it will likely be signed into law in a number of days. If the terms become effective the date of signing, taking delivery one day after it is signed would still make me tied to whatever new terms are in the bill. It hasn't been executed yet, so what terms these may be is still somewhat of a mystery.

It's why it would've been exponentially cleaner to make the new terms effective for the 2023 tax year, so people had time to review and understand the changes. If the bill is signed into law on Monday and you take delivery on Tuesday, it's not really reasonable for any person to comprehend a massive bill that's been around for a day.

 

[cvalue13]

The bill is being voted on tomorrow, it will likely be signed into law in a number of days. If the terms become effective the date of signing, taking delivery one day after it is signed would still make me tied to whatever new terms are in the bill. It hasn't been executed yet, so what terms these may be is still somewhat of a mystery.

It's why it would've been exponentially cleaner to make the new terms effective for the 2023 tax year, so people had time to review and understand the changes. If the bill is signed into law on Monday and you take delivery on Tuesday, it's not really reasonable for any person to comprehend a massive bill that's been around for a day.

I think you might benefit from some more reading up on the bill and it’s terms as is applicable to people who take delivery anytime in 2022

 

[ExCivilian]

I'm one of the people who posted that I suspect those of us literally waiting for our trucks to come off the train at this point are likely to be fine when this all shakes out. I also posted that I doubt any dealership would write any binding language or sell the vehicle sight-unseen (especially in CA).

That said, I'm not the type to take chances with $7,500. And it doesn't really matter if people think that me being able to afford an $80K+ vehicle means I shouldn't worry about $7,500--mainly because I can afford this truck precisely because I believe that $5K here, $10K there, and thousands over here eventually adds up to real money.

To that end, I called my dealership and asked for some binding paperwork and was instead offered, to my surprise, to just flat out purchase the truck tomorrow morning so that's what I'll be doing. In what is rapidly shaping up to be the most extreme case of irony, this has the added benefit of me being able to get an actual selling price in writing early...

 

[bryan995]

This thread should be renamed to (If your MSRP is over the 80k limit).

My XLT has a MSRP of 58k, so no issue with vehicle price exceeding the new limit.

We are, however over the new bill's 300k household income limit. From everything I can read, there is little to no risk of not qualifying for the existing $7500 tax credit. The income limit will not be applied until Jan 1 2023. Not going to bother contacting my dealer either. Worried it would only give them the opportunity to start playing ADM/add-on games.

 

[cvalue13]

If the terms become effective the date of signing,

this I think is the misunderstanding. Few of the bill’s terms become effective the date of signing.

and, for people taking delivery in 2022, none of It becomes “effective” insofar as it seems pretty well settled they may elect to apply the current bill instead of the new bill

the challenging postures are not people taking delivery in 2022, butinstead those already with non-“binding” orders but who may not take delivery until 2023. If it’s a “binding” contract, then they may elect to apply instead the current bill (which they would elect to do only if the vehicle wasn’t manufactured in North America, has an MSRP over $80K, the buyer is over the income cap for 2023, the battery component minerals aren’t over 40% domestic-ish, etc.).

 

[Roy2001]

300k limit sucks BTW. Discrimination

 

[ExCivilian]

this I think is the misunderstanding. Few of the bill’s terms become effective the date of signing.

and, for people taking delivery in 2022, none of It becomes “effective” insofar as it seems pretty well settled they may elect to apply the current bill instead of the new bill

the challenging postures are not people taking delivery in 2022, butinstead those already with non-“binding” orders but who may not take delivery until 2023. If it’s a “binding” contract, then they may elect to apply instead the current bill (which they would elect to do only if the vehicle wasn’t manufactured in North America, has an MSRP over $80K, the buyer is over the income cap for 2023, the battery component minerals aren’t over 40% domestic-ish, etc.).

The Transitional Rule (quoted on the first page by OP) is explicit that any EVs purchased after the bill is signed into law will fall under the new rules.

in the case of a taxpayer that—
(1) after December 31, 2021, and before the date of enactment of this Act, purchased, or entered into a written binding contract to purchase, a new qualified plug-in electric drive motor vehicle

People can debate which parts go into effect when, but I can't find a basis for believing anyone can opt for the old tax rules if they take delivery before 12/31/2022 without a binding contract.

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