Who qualifies

You may qualify for a credit for buying a previously owned, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV), including cars and light trucks, under Internal Revenue Code Section 25E.

To qualify, you must:

Be an individual who bought the vehicle for use and not for resale

Not be the original owner

Not be claimed as a dependent on another person's tax return

Not have claimed another used clean vehicle credit in the 3 years before the purchase date

In addition, your modified adjusted gross income (AGI) may not exceed:

$150,000 for married filing jointly or a surviving spouse

$112,500 for heads of households

$75,000 for all other filers

You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your income is below the threshold for 1 of the 2 years, you can claim the credit.

For more information on how to qualify see Publication 5866-A, Used Clean Vehicle Tax Credit Checklist PDF.

Qualified vehicles and sales (all Great Florida Motor Electric Vehicles Qualify)

To see if a vehicle is eligible for the used clean vehicle credit:

Fueleconomy.gov

To qualify, a vehicle must meet all of these requirements:

Have a sale price of $25,000 or less. Sale price includes all dealer-imposed costs or fees not required by law. It doesn't include costs or fees required by law, such as taxes or title and registration fees.

Have a model year at least 2 years earlier than the calendar year when you buy it. For example, a vehicle purchased in 2023 would need a model year of 2021 or older.

Not have already been transferred after August 16, 2022 to a qualified buyer.

Have a gross vehicle weight rating of less than 14,000 pounds

Be an eligible FCV or plug-in EV with a battery capacity of least 7 kilowatt hours

Be for use primarily in the United States

See link below on "How to qualify for the Used Clean Vehicle Tax Credit?"

https://www.irs.gov/pub/irs-pdf/p5866a.pdf

Come to Great Florida Motors, a car dealer in Palm Beach County, for a customized buying experience.  We specialize in diesel powered vehicles.  Diesel engines are superior to their gas counterparts.  Diesel engines last longer, are more reliable and get better mileage.  If you have not driven a turbo diesel recently, you will be surprised at the performance of today's vehicles.  There is a reason all semi-trucks in the USA and most cars in the rest of the world use diesel engines over gas.  They.Work.Better!  But do not take my word, listen the federal government.

“diesel vehicles can often go about 20% to 35% farther on a gallon of fuel than their gasoline counterparts”

Here is the entire link -

https://www.fueleconomy.gov/feg/di_diesels.shtml

Give us a call.  Even if we do not have the inventory you are looking for, we can obtain it.  We are licensed to buy from most auctions in the USA.  We can buy the car wholesale and save you money.

We look forward to serving you.