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The bailouts include a $7500 tax credit for the first 250,000 volt buyers, 3750 after

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Old Oct 3, 2008 | 08:24 PM
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The bailouts include a $7500 tax credit for the first 250,000 volt buyers, 3750 after

http://gm-volt.com/2008/10/03/along-...now-7500-less/
Old Oct 3, 2008 | 08:28 PM
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If this car is $30k or less before the tax credit, I'll actually consider getting one, as long as my wife likes it as her car.
Old Oct 3, 2008 | 08:50 PM
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I think dealers are going to use this in their advertising to justify marking the car up..... ide bet on it
Old Oct 3, 2008 | 09:13 PM
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well done, price it under 40k and it'll sell them all..
Old Oct 3, 2008 | 09:29 PM
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Originally Posted by Mustang Killer57
I think dealers are going to use this in their advertising to justify marking the car up..... ide bet on it
I sure hope GM does something to stop that... that'll basically be a government tax credit to add to dealer profit, which is a bunch of BS.

Sticker price is fine to ask... no more.

Originally Posted by Ken S
If this car is $30k or less before the tax credit, I'll actually consider getting one, as long as my wife likes it as her car.
30k BEFORE that tax credit? No way in hell. After tax credit? Surely not impossible, especially if there's some form of a base model available.

Last edited by Threxx; Oct 3, 2008 at 09:49 PM.
Old Oct 3, 2008 | 10:35 PM
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Originally Posted by Threxx
I sure hope GM does something to stop that... that'll basically be a government tax credit to add to dealer profit, which is a bunch of BS..
You think after dealers were freely gouging on GTOs, Solstices, and even G8s that GM is going to do something to keep dealers from jacking up Volts to get the customer tax incentives???

I wouldn't even bet a glass of tap water on that happening.
Old Oct 4, 2008 | 12:46 PM
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Originally Posted by guionM
You think after dealers were freely gouging on GTOs, Solstices, and even G8s that GM is going to do something to keep dealers from jacking up Volts to get the customer tax incentives???

I wouldn't even bet a glass of tap water on that happening.
Well I can at least be sure that GM is 100 times more concerned with how well the Volt is launched to the public than the GTO. Not to mention with the GTO it wasn't a tax credit, it was just MSRP plus the free market dealers getting greedy seeing if they could get more. Add in a tax credit and we're not really talking true free market economics anymore.

This tax credit is a huge advantage to GM but that advantage goes right down the drain if the dealers just scrape most of it off the top.

Thus I'll bet they're more likely to make an effort here than they were on the G8s.
Old Oct 4, 2008 | 03:24 PM
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Would taking advantage of this make me a hyprocritic?
Old Oct 4, 2008 | 04:20 PM
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Originally Posted by Evilfrog
Would taking advantage of this make me a hyprocritic?
I see it as a way to potentially get my money back. The government is taking, what, 8000 dollars per tax payer for this bail out plan assuming 1 in 3 people in the population is an active earner and tax payer?

So if I get a volt then it's like I got all but 500 dollars of that money right back.

I'd say it's not hypocritical at all.

Aside from that this is one area of the bailout I'm not too upset about. I'd rather not have it at all, but if we're going to have it, I'm glad this was included. It's really the least they could do when they're also sending 120 million dollars down to rum makers in puerto rico that aren't having financial troubles in the least.
Old Oct 4, 2008 | 04:34 PM
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Originally Posted by Threxx
I see it as a way to potentially get my money back. The government is taking, what, 8000 dollars per tax payer for this bail out plan assuming 1 in 3 people in the population is an active earner and tax payer?

So if I get a volt then it's like I got all but 500 dollars of that money right back.

I'd say it's not hypocritical at all.

Aside from that this is one area of the bailout I'm not too upset about. I'd rather not have it at all, but if we're going to have it, I'm glad this was included. It's really the least they could do when they're also sending 120 million dollars down to rum makers in puerto rico that aren't having financial troubles in the least.
So for now. Buy some rum. Later...buy a volt. It's what the goverment wants.
Old Oct 4, 2008 | 10:06 PM
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Originally Posted by Mustang Killer57
I think dealers are going to use this in their advertising to justify marking the car up..... ide bet on it
Yep. I'll have to see it otherwise to believe it.

This sort of thing happened a good bit with Priuses (Prii?) and Camry hybrids, too. At least around here. "Market Adjustment" stickers were the order of the day about two years ago.
Old Oct 5, 2008 | 01:37 AM
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Originally Posted by Threxx
I see it as a way to potentially get my money back. The government is taking, what, 8000 dollars per tax payer for this bail out plan assuming 1 in 3 people in the population is an active earner and tax payer?

So if I get a volt then it's like I got all but 500 dollars of that money right back.

I'd say it's not hypocritical at all.

Aside from that this is one area of the bailout I'm not too upset about. I'd rather not have it at all, but if we're going to have it, I'm glad this was included. It's really the least they could do when they're also sending 120 million dollars down to rum makers in puerto rico that aren't having financial troubles in the least.
$120 million???

Chicken feed. Not even a drop in the bucket.

The intrest we'll be paying on the money we're going to borrow for the bailout package is going to be 30 times that much!

At $1 billion per week, we spend 120 mill in Iraq alone in less than every 23 hours.

I don't give a hoot about 120 mill going to PR to subsidize rum. I am concerned about that taxpayer money that's 5,600 times that amount.

So-called congressional spending hawks love to bring up this type of spending as an example of waste, but in reality,they waste more than that on pork in their own districts alone.
Old Oct 5, 2008 | 11:15 AM
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This isn't just for the Volt, it is for the first 250,000 plug-in hybrid vehicals.
Old Oct 5, 2008 | 11:20 AM
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Originally Posted by mdenz3
This isn't just for the Volt, it is for the first 250,000 plug-in hybrid vehicals.
Correct. So GM better be first to the market.
Old Oct 5, 2008 | 11:34 AM
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Originally Posted by Evilfrog
Correct. So GM better be first to the market.
They will be - but probably not with the Volt. Of course, I doubt that the plug-in Vue's battery pack will be large enough to get the tax credit (prior to the law passing Congress, I heard that the cut-off was going to be 6 kWh).



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