Yes, that's correct. $100 reservation (even if you lock after 7/25 car is not qualified for NJ rebate because decision to buy the car was made before the program started fy23) has to be placed after the start of the program 7/25. Not a peasant situation for people who literally has been waiting for months with no car.
2022 NJ EV Rebate ??
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You will be qualified if you purchase the EV from dealers inventory or cancelled order IF at the the time of purchase the NJ EV rebate program still has funding and not exhausted already.
First time poster!
So as I understand the terms and conditions, dealers are not allowed to add any mark up on a cancelled reservation.
I have a reservation but I'm nowhere near my order becoming locked, so I was investigating buying a cancelled reservation locally. I have a dealer saying "Selling price has nothing to do with the rebate the MSRP is what they look at". They're also saying that an AWD Pro selling for $51k (including a $4k markup) is eligible for the $4k rebate (even though I know it is only eligible for $2k). So my question is, will Charge Up NJ really approve the rebate if the dealer marks it up somehow? And is it even my problem if the rebate comes off the sale price at the time of purchase? Won't the dealer be the one missing out on the money, not me?
Or is this all just a bait and switch to get me in the door? I'd happily wait for a 2023 model when my reservation arrives but I will almost definitely miss out on the federal and NJ rebates.
You should talk to someone who has actually received the NJ rebate, but my understanding is that the moneys go directly to the dealer and should appear as a discount of the sticker price. You should feel free to refuse the car if you don’t see the discount. As for the 4K rebate on a 51K EV that can only happen if the dealer claims 45K MSRP and charges the 4K markup as some sort of options. It is also possible that your dealer simply doesn’t know enoug about the rebate. Incidentally, who is your dealer so that I know to avoid them.
I think it’s probably a mixture of the above. The dealer is Jack Daniels.
For the rebate, dealer has to apply for it after the rebate program started for this year, which is 7/25/22, and it will be effective until they run out of funding which is somewhere around 65 million.. last year funding ranout in September, but depending on how many and how fast people claim this rebate from state. Dealer put in rebate for an ev car and they get the funding approved by the state and buyer will have rebate applied at point of sale. If the car is 45k - 55k msrp with options, no way dealer can change that to lower price to earn max 4k rebate. If somehow they do it, that is considered deception and they could get in trouble for it. If for a car over 45k and they are getting 2k, correct amount of rebate and giving you additional 2k worth of other dealership incentives then it is possible. Hope this helps.
Agreed. Thanks for your thoughts.
What dealership?
Jack Daniels Volkswagen, Fair Lawn
I spoke to the sales guy today about it and he said the id4 would be eligible for the 2k state and the federeal 7500 but if you sell the car within the 2/3yr time frame they clawback the state rebate.
He was also going on how he has to fill out special paperwork at the dealer and not to reserve it at home (understandable he was trying to get credit for the sale)
Reydel is like 3 minutes from my house so thats a plus but i like to call around to others to confirm stories since u dont know if the salesman was working at shake shack last week
He was also going on how he has to fill out special paperwork at the dealer and not to reserve it at home (understandable he was trying to get credit for the sale)
Reydel is like 3 minutes from my house so thats a plus but i like to call around to others to confirm stories since u dont know if the salesman was working at shake shack last week
But is it eligible if they mark up the price? The rules say no, but the dealer I spoke to says yes. I don’t want to drive an hour (I’m not local) and get half way through the paper work to discover that NJ won’t authorize the rebate because of the mark up. The dealer assumes it doesn’t matter because at that point you won’t walk away over $2k, but if you’re paying a marked up price and don’t get the NJ credit it starts to get expensive.
i havent found one dealer that will mark up an id 4 reservation always msrp, one did say if ur in the que n one is cancelled n they call you to jump the line it would be a grand or two more than sticker
Right. And that’s exactly the situation that NJ says disqualifies you from claiming the credit, but some dealers seem to insist that it doesn’t matter.
yep popping in at 9am to be first for the 2023
Going with top trim
Just an update on this topic in case it helps anyone here.
I went into my chosen VW dealer (after having made my reservation online) and this is what I was told:
Unless the dealer has filed initial paperwork on their end I could miss out on the NJ rebate. By the time I pickup my car in 6-8 months, the funding will have certainly run out. So they start the paperwork now, and the rebate gets set aside even if it takes a year for my ID.4 to arrive.
Assuming what I was told is true, maybe this is why the available funding almost immediately jumped to 43% issued and reserved?
So if you reserved online, you need to contact your dealer now to make sure they file the paperwork before the funding runs out. I hope this helps some of you that might miss out on the Federal tax credit.
I went into my chosen VW dealer (after having made my reservation online) and this is what I was told:
Unless the dealer has filed initial paperwork on their end I could miss out on the NJ rebate. By the time I pickup my car in 6-8 months, the funding will have certainly run out. So they start the paperwork now, and the rebate gets set aside even if it takes a year for my ID.4 to arrive.
Assuming what I was told is true, maybe this is why the available funding almost immediately jumped to 43% issued and reserved?
So if you reserved online, you need to contact your dealer now to make sure they file the paperwork before the funding runs out. I hope this helps some of you that might miss out on the Federal tax credit.
I can confirm this. My dealer did the paperwork after I put down the initial $100 deposit.
Im not sure if this was posted somewhere else, but I didn't hear anything about this until I signed my paperwork for the NJ EV credit today.
Apparently, dealerships have a 14 day window to submit your EV credit request paperwork, or else your order will not qualify and you will have to make a new order and apply for the credit under the new order.
So for those who ordered online and haven't spoken to the dealership yet (again, for NJ credit)...get on that ASAP.
Interesting side note, and not as big of a deal, but you're only allowed to submit 3 applications for the NJ EV credit every 10 years. I have 2 orders, which I'll only be buying one of them, but it counts as 2 applications.
-NM
Apparently, dealerships have a 14 day window to submit your EV credit request paperwork, or else your order will not qualify and you will have to make a new order and apply for the credit under the new order.
So for those who ordered online and haven't spoken to the dealership yet (again, for NJ credit)...get on that ASAP.
Interesting side note, and not as big of a deal, but you're only allowed to submit 3 applications for the NJ EV credit every 10 years. I have 2 orders, which I'll only be buying one of them, but it counts as 2 applications.
-NM
Correction: Just read through the fine print and it states that the consumer is allowed to receive 3 incentives in 10 years. The application says nothing about application limits. Never trust the dealership.
Section II. A. 7
Acknowledge that they may receive only up to three (3) electric vehicle incentives from the Program throughout the 10-year period that the Program is active. By signing the agreement below, the applicant certifies they are eligible for this incentive and have not previously received more than two (2) during the program period.
Section II. A. 7
Acknowledge that they may receive only up to three (3) electric vehicle incentives from the Program throughout the 10-year period that the Program is active. By signing the agreement below, the applicant certifies they are eligible for this incentive and have not previously received more than two (2) during the program period.
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