newlookproperty
Member
Assuming reservation
Its obvious that Tesla does not allow this but of course you can work out a deal to take over a car as soon as it is available. . It may seem impractical to the "average car buyer" but so is paying cash for a car, buying a car off the internet on say Ebay, or say putting down $5000 for a car you have never seen that has not even been built and waiting 3 years, to the the "average car buyer".
I would think mainly affluent Tesla buyers willing to part with $5000 and wait years would be a little more creative than most.People buy "options" to buy real estate all the time. You are simply paying someone for the right to buy their car immediately after delivery. If original owner never registers the car I dont believe you pay sales tax as you pay that at your DMV when you register the car for the first time, so its not double tax. As long as the original buyer agrees that he is not claiming the tax deduction their is nothing that stops the new buyer from claiming it. You just cant both do it. Again no different than if someone buys a rental property mid year, both people cant claim the deductions for it. If original owner claims the deduction than it is he who is defrauding the goverment and the new owner can certainly prove that he was the first person to register the car (even if not first on title). Thats if it ever comes up at all (dont think this is a high priority for the IRS)
Lastly, there are thousands of people who have a paid a premium to a dealer to be the first to get the latest say Corvette (dealer calls it a "market value adjustment" to be cute). Why would anyone be suprised that a well off exec would be willing to pay a premium to be first on a Tesla product. You can put money in 3rd party escrow company to keep the players honest. I thought Tesla was about thinking outside the box.
I don't think the OP is getting Tesla involved which is different than what others have tried to do in the past (sell their reservation spot). He's accepting delivery of the vehicle and then selling the 'used' new car to someone else knowing they might lose tax incentives. I agree with Nigel though that it would be hard to make the deal seem financially appealing enough but if someone is desperate enough for a Model X it's possible.
Its obvious that Tesla does not allow this but of course you can work out a deal to take over a car as soon as it is available. . It may seem impractical to the "average car buyer" but so is paying cash for a car, buying a car off the internet on say Ebay, or say putting down $5000 for a car you have never seen that has not even been built and waiting 3 years, to the the "average car buyer".
I would think mainly affluent Tesla buyers willing to part with $5000 and wait years would be a little more creative than most.People buy "options" to buy real estate all the time. You are simply paying someone for the right to buy their car immediately after delivery. If original owner never registers the car I dont believe you pay sales tax as you pay that at your DMV when you register the car for the first time, so its not double tax. As long as the original buyer agrees that he is not claiming the tax deduction their is nothing that stops the new buyer from claiming it. You just cant both do it. Again no different than if someone buys a rental property mid year, both people cant claim the deductions for it. If original owner claims the deduction than it is he who is defrauding the goverment and the new owner can certainly prove that he was the first person to register the car (even if not first on title). Thats if it ever comes up at all (dont think this is a high priority for the IRS)
Lastly, there are thousands of people who have a paid a premium to a dealer to be the first to get the latest say Corvette (dealer calls it a "market value adjustment" to be cute). Why would anyone be suprised that a well off exec would be willing to pay a premium to be first on a Tesla product. You can put money in 3rd party escrow company to keep the players honest. I thought Tesla was about thinking outside the box.