Ford ended retail cash rebates?

[EvEddy]

The removal of one rebate and the addition of 60mths @0% or 72mths @1.9% is just another way of packaging the lost rebate.. the only way you'd lose out is if you were able to refinance or sold. Im still seeing a lot of '23's on the lot so I dont think the discounts are over yet.

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[00tod00]

I'd imagine the cash rebates on 2023s are done as inventory is low and they blew out of the one model/trim that didn't fit in anymore (XLT ER) due to the Flash. 2024s are just hitting the lots so I wouldn't be expecting any big discount in the near future. I also think due to the scaling back of production, less Lightnings on lot will probably mean that prices will stay closer to MSRP.

Definitely a bummer... Thanks for the insight!

 

[Grease Lightning]

The only hard part was the nearly stopped traffic on I-5 on the way back, I'd rather have been sitting at a charger!

Yeah I-5 between Albany and Salem and then Wilsonville to the river sucks. The Albany to Salem is so bad on Sundays…..

 

[Gaffer]

Anyone who took advantage of these Manufacturer‘s rebates get taken advantage of with the Federal rebate by the dealer? I bought mine in late February of 2024, got the $9000 manufacturer rebate (how it’s listed on my sales contract) with 3.9% APR and the understanding I would also get the $7500 federal tax rebate if I qualified. Then this month I just got a letter from the IRS saying I signed over my rebate to the dealership. Dealership accountant said yes, I electronically signer over the rebate to them, but he admitted it’s strange that it’s not notated on the sale contract. Manager was supposed to call me back two days ago but I doubt they will. From my understanding if I don’t owe $7500 in taxes, I’m possibly now on the hook for reimbursing the IRS for the $7500 rebate the dealership got Instead of me. Anyone else have this happen?

 

[Dino]

Anyone who took advantage of these Manufacturer‘s rebates get taken advantage of with the Federal rebate by the dealer? I bought mine in late February of 2024, got the $9000 manufacturer rebate (how it’s listed on my sales contract) with 3.9% APR and the understanding I would also get the $7500 federal tax rebate if I qualified. Then this month I just got a letter from the IRS saying I signed over my rebate to the dealership. Dealership accountant said yes, I electronically signer over the rebate to them, but he admitted it’s strange that it’s not notated on the sale contract. Manager was supposed to call me back two days ago but I doubt they will. From my understanding if I don’t owe $7500 in taxes, I’m possibly now on the hook for reimbursing the IRS for the $7500 rebate the dealership got Instead of me. Anyone else have this happen?

Dealership Claimed EV Tax Credit without Permission was a big discussion last week.

 

[flyct]

Anyone who took advantage of these Manufacturer‘s rebates get taken advantage of with the Federal rebate by the dealer? I bought mine in late February of 2024, got the $9000 manufacturer rebate (how it’s listed on my sales contract) with 3.9% APR and the understanding I would also get the $7500 federal tax rebate if I qualified. Then this month I just got a letter from the IRS saying I signed over my rebate to the dealership. Dealership accountant said yes, I electronically signer over the rebate to them, but he admitted it’s strange that it’s not notated on the sale contract. Manager was supposed to call me back two days ago but I doubt they will. From my understanding if I don’t owe $7500 in taxes, I’m possibly now on the hook for reimbursing the IRS for the $7500 rebate the dealership got Instead of me. Anyone else have this happen?

Shady dealership.

Dealer should have given you a Form 15400 at time of sale showing the amount of the credit and who it goes to. Press the dealer for a copy of form 15400. https://www.irs.gov/pub/newsroom/form-15400-sample-new.pdf

The tax credit that was transferred to the dealership is usually entered as additional deposit, not as a manufacturer rebate, on the sales contract. If it isn't on the contract listed as additional down payment I believe you you have a case that they falsely transferred the credit to themselves.

In the Credit Transfer Election section of the 15400 they enter a Y or N
N indicated buyer did not transfer the credit at the time of sale.
Y will indicate the credit was transferred at the time of sale.

Sellers of clean vehicles are required to file Form 15400 with the IRS and give a copy to the buyer in order for a vehicle to be eligible for a clean vehicle tax credit. The credit is available to individuals and their businesses, and vehicles must be used for their own use within the United States.

 

[flyct]

Anyone who took advantage of these Manufacturer‘s rebates get taken advantage of with the Federal rebate by the dealer? I bought mine in late February of 2024, got the $9000 manufacturer rebate (how it’s listed on my sales contract) with 3.9% APR and the understanding I would also get the $7500 federal tax rebate if I qualified. Then this month I just got a letter from the IRS saying I signed over my rebate to the dealership. Dealership accountant said yes, I electronically signer over the rebate to them, but he admitted it’s strange that it’s not notated on the sale contract. Manager was supposed to call me back two days ago but I doubt they will. From my understanding if I don’t owe $7500 in taxes, I’m possibly now on the hook for reimbursing the IRS for the $7500 rebate the dealership got Instead of me. Anyone else have this happen?

You didn't state which model Ligning you bought Rebates are different between models

Just did a quick search for rebates purchased in early 2024 (2/20/24-4/2/24)
https://www.f150lightningforum.com/...sh-bonus-incentives-for-certain-models.18421/
===================================================
Ford F-150 Lightning buyers can take advantage as well
In addition to the lower prices of the Mustang Mach-E, Ford followed up with additional news this morning, sharing it has also added new bonus cash incentives for certain trims of the 2023 F-150 Lightning.

The Lariat, XLT, and Pro versions of the 2023 Lightning currently qualify for a $7,500 retail credit for eligible customers at the point of sale. Still, Ford has added additional bonuses as follows:

• $7,500 retail bonus cash on an F-150 XLT Extended Range purchase
• $5,000 retail bonus cash on F-150 Lightning Lariat Standard and Extended Range purchase
• $12,500 retail bonus cash for the F-150 Lightning Platinum

If US consumers would prefer instead to pursue a lease of a 2023 F-150 Lightning, Ford has added some new offers to help sweeten the deal:

• $1,500 red carpet lease cash for the XLT
• $5,000 red carpet lease cash on the Lariat
• $7,500 red carpet lease cash for a Platinum

 

[Gaffer]

You didn't state which model Ligning you bought Rebates are different between models

Just did a quick search for rebates purchased in early 2024 (2/20/24-4/2/24)
https://www.f150lightningforum.com/...sh-bonus-incentives-for-certain-models.18421/
===================================================
Ford F-150 Lightning buyers can take advantage as well
In addition to the lower prices of the Mustang Mach-E, Ford followed up with additional news this morning, sharing it has also added new bonus cash incentives for certain trims of the 2023 F-150 Lightning.

The Lariat, XLT, and Pro versions of the 2023 Lightning currently qualify for a $7,500 retail credit for eligible customers at the point of sale. Still, Ford has added additional bonuses as follows:

• $7,500 retail bonus cash on an F-150 XLT Extended Range purchase
• $5,000 retail bonus cash on F-150 Lightning Lariat Standard and Extended Range purchase
• $12,500 retail bonus cash for the F-150 Lightning Platinum

If US consumers would prefer instead to pursue a lease of a 2023 F-150 Lightning, Ford has added some new offers to help sweeten the deal:

• $1,500 red carpet lease cash for the XLT
• $5,000 red carpet lease cash on the Lariat
• $7,500 red carpet lease cash for a Platinum

XLT Extended

 

[flyct]

XLT Extended

Then according to the link there was at least a $7500 rebate In addition to $7500 tax credit. You need to get explanation from dealer.

 

[flyct]

XLT Extended

my “guess” is that the $9,000 listed as a rebate is the $7,500 actual rebate and another $1,500 for a Private Cash Offer. The tax credit, if transferred to the dealership, should have shown as additional down payment. For information you posted they owe you $7,500.

Here is my line item on my contract where the rebate was $7,500 and I had a PCO for $750. The rebate line on my contract is $8,250. ($7,500+$250)

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