Prediction: A slew of CT cancellations on the horizon

[sstevens805]

how about the x?

I like the X, but part of what I do for work requires that I visit ag fields. I don't like doing with my Y and can't see doing it in an X.

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[wanders]

Most people who are self employed manage to write off at least part of a vehicle- drive to the accountant, pick up office supplies etc.

I mean of course. Do you know if there are pretty strict rules about it? Like, you have to be a certain amount of successful to account for this expensive truck?

 

[davelloydbrown]

I mean of course. Do you know if there are pretty strict rules about it? Like, you have to be a certain amount of successful to account for this expensive truck?

Its usually a percentage based on your usage.

 

[wanders]

Its usually a percentage based on your usage.

So if I open a Cybertruck advertising business, and use 100% of the vehicle for advertising, that's a full deduction? lol

 

[Crissa]

2017 Chrysler Pacifica

Touring

FWD

9A

6.7 sec

15.1 sec @ 92.4 mph

Motor Trend

Lol

Pretty sure you just proved that minivan doesn't go 6.5?

Also, both that and the odyssey of are only rated for like 1500 pounds cargo, and weigh a ton less than my Mazda. So like the Cybertruck is basically beating your minivan while carrying the equivalent of the car I currently drive.

-Crissa

 

[Balthezor]

Pretty sure you just proved that minivan doesn't go 6.5?

Also, both that and the odyssey of are only rated for like 1500 pounds cargo, and weigh a ton less than my Mazda. So like the Cybertruck is basically beating your minivan while carrying the equivalent of the car I currently drive.

-Crissa

Close enough!

Someone quoted the Honda Odyssey as 6.5. So there! ?

Been meaning to ask you on the other threads. Which version are you planning on getting?

 

[Dave Lyon]

with people i know, it's very common. 40k is where they start looking and 80k isn't unusual.

My truck had a 70k sticker, and it's 10 years old.

I'm not surprised by the sticker price. I figured that's about where they'd come in. My disappointment was the range, payload, and tow rating. At this point, I can't take delivery of the CT because it won't do the job I need it to.

I won't be canceling my reservation though, because I'm way down the list. It could be a totally different truck by the time my number comes up.

 

[Dave Lyon]

It blows my mind mind that people are considering an 80k EV and qualify for the federal tax credit. There is a annual income limit of $300k for married couple. That's so expensive for an income of of equal or below $300k. Or am I missing something?

Yes, what you're missing is net worth. If your net worth is high enough that you can burn 100k without it damaging your retirement, then your yearly income is not important.

In the US, it's pretty easy to become a millionaire without making 6 figures. You just have to be smart with your money.

 

[Dave Lyon]

Wouldn't that be nice. Maybe it's time to start an LLC and work on a business that would use the truck.

Yes, it's nice, but it doesn't excuse a bad decision.

If a 50k truck would do the job, why spend 80K for a tax write off? You'd be better off using the 50k truck and taking 30k as profit.

 

[Dave Lyon]

So if I open a Cybertruck advertising business, and use 100% of the vehicle for advertising, that's a full deduction? lol

Yes, but if you have no income, the deduction doesn't do you a lot of good.

You'd get the exact same deduction if you just gave the money to charity.

 

[Crissa]

Been meaning to ask you on the other threads. Which version are you planning on getting?

The one that's under $60K.

-Crissa

 

[beewang]

The one that's under $60K.

-Crissa

So basically a used 2 WD CT sometimes in 2026

 

[Crissa]

So basically a used 2 WD CT sometimes in 2026

Maybe! That's how I got my Zero.

-Crissa

 

[beewang]

If a 50k truck would do the job, why spend 80K for a tax write off? You'd be better off using the 50k truck and taking 30k as profit.

Except for outside of doing your taxes on Turbo Tax, step-by-step answering the questions and input data, most of you probably don't know how the Internal Revenue Code works, and that's OK as it's not your profession.

To be clear, I have told a few of my clients to go buy a new vehicle before 12/31/23 for anything they want so long it is over $100K and GVW 6,000 Lbs. They do NOT make millions and don't fly in private (or fractional) jets. And they would NOT be better off buying a $50K truck over an $80K one.

....be better off using the 50k truck and taking 30k as profit.

That $30K is NOT Profit. Profit = Revenue (or Sales) - COGS
That $30K represents money saved but it is not profit.

 

[beewang]

Maybe! That's how I got my Zero.

-Crissa

Oldie but goodie...

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