In TX it was $2500 for an EV with certain specs, but there were only about 2000 of them available. I got in early. Regardless of what it is called, it is treated like income and you pay taxes on it, so the Fed govt actually takes part of what the state gives you as an incentive. Truly screwed up actually.
The graphic is a bit confusing, pink is just "rebate", the word "exemption" on the graphic belongs to text description for the light blue box ("excise or sales tax exemption")
Youre mixing top and bottom lines. Its sales tax exemption
Oops, I see that now, thanks. As pointed out by @rdr854 , it existed in law but not reality. Repealed before it was in effect.
Iād have never paid $80k for an XLT. You got the live with the decisions you make.
I understand the height of the ford EV buying frenzy but it wasnāt a finance fee they had me pay the loan principal itself which wasnāt a problem and Iām happy with the refi.
True thank you for the reply!
You are correct. There are so many options on resale and thatās the number I was given for the loan value. Thank you! Makes sense.
As someone else quoted me. I confused resale value with loan value. Prices have also dropped drastically. You should be fine with a purchase now.
I actually got the XLT with sprayed in bed liner and all the bells and whistles Ford offered for that model when they first came available. I also have confused resale value with loan value. I stand corrected.
I stand corrected on my initial statement. The loan officer on my refi used KBB or NADA to formulate my loan-truck value and I was not happy with the outcome. Some people responding to this thread think I paid loan fees or a penalty. It was $11,778 towards my principal not the loan company. Also, my vehicle IS a 2022 XLT with every add on Ford had at the time and I had 15,000 miles at the time of the assessment.Took me a year and a half from Fordās unveiling of the 2022 F150 Lightning for me to take delivery. My original cost was somewhere over $80,000. I decided a year and 8 months later to do a refi on my truck. The fist thing I ran into was the KBB and NADA Price for my exact truck is around $56,000. Thatās including all the bells and whistles in my package. I asked if that included my $20,000 extended battery and the loan officer said there wasnāt an option for batter type. I decided to move forward with the refi to lower my original apr and ended up having to pay $11,778 down just to complete the refi. Iām seeing threads on totaled F150ās and Iām not seeing the value assigned, so how bad are we gonna get raped on resale? Just throwing it out there!! Sad!!
