UNLOCK SAVINGS WITH OUR USED EV TAX CREDIT OFFER THE IRS NOW PROVIDES UP TO A $4,000 CREDIT FOR PREOWNED ELECTRIC VEHICLES...EXCITING NEWS...WE CAN SECURE THIS CREDIT FOR YOU AT THE TIME OF PURCHASE!

In an innovative step towards promoting environmentally sustainable transport options, the Internal Revenue Service (IRS) has rolled out a tax credit offer of up to $4,000* (or 30% of the vehicle's sale price) for preowned electric vehicles (EVs) and plug-in hybrids. This program is designed to motivate individuals towards eco-conscious transportation decisions, aiding in reducing carbon footprints.

Insight into the Tax Credit:

This tax incentive for preowned electric vehicles signifies a key initiative in the push for green energy adoption, aiming to lessen the reliance on fossil fuel-powered vehicles. Buyers of eligible used electric and hybrid vehicles are now presented with an opportunity to receive a tax credit of up to $4,000*, offering a significant financial incentive to transition to electric transport.

Eligibility Requirements:

For entitlement to the IRS tax credit, vehicles must meet specified conditions. They must be certified plug-in electric drive motor vehicles with a gross vehicle weight rating (GVWR) of under 14,000 pounds. The EV must also be purchased for personal use and not for resale. Our inventory includes a selection of qualifying preowned electric vehicles to maximize your chances of receiving this tax benefit.

Mechanism of the Credit:

At Toms River Volkswagen, we are licensed and registered with the IRS to process the necessary paperwork directly at the point of sale, granting you immediate access to the credit. This eliminates the need for you to bear the full cost upfront and manage the submission process with the IRS. The displayed prices for eligible EVs already account for the potential IRS credit. Refer to the IRS guidelines for further details*.

Additional Advantages:

Choosing a pre-owned electric vehicle is not only financially wise due to the IRS tax credit but also comes with the perks of lower operational costs, fewer maintenance needs, and a smaller environmental footprint. Electing an electric vehicle aligns with the broader mission of fostering a sustainable and cleaner future.

Summary:

The IRS's offer of a tax credit for pre-owned electric vehicles marks a crucial advancement in encouraging eco-friendly travel options. This incentive not only aids in financial savings but also pushes us towards a positive environmental impact. As we move collectively towards a more sustainable future, leveraging incentives like the IRS tax credit can make adopting electric vehicles even more attractive. Opt for a wise and eco-conscious decision by exploring the realm of pre-owned electric vehicles and embracing the comprehensive benefits they offer. For additional information, please visit the IRS website at: https://www.irs.gov/credits-deductions/used-clean-vehicle-credit


Why Choose Toms River Volkswagen for Your EV?

Up to $4,000 Tax Credit

Up to $4,000 Tax Credit

Save on your next pre-owned electric vehicle with a significant tax credit, making your transition to electric smoother and more affordable.

Complimentary 3-Year Service

Complimentary 3-Year Service

Every new and used vehicle purchase is accompanied by 3 years of complimentary service, ensuring your EV remains in top condition.

Carefree Service

Carefree Service

Receive complimentary pickup, delivery, and loaner cars with all services.

Toms River Lifetime Advantage

Toms River Lifetime Advantage

Experience the benefit of buying from a neighborhood dealership that understands and values your community.


IRS Details and Restrictions:

Under the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Used Clean Vehicle Tax Credit equal to 30% of the sale price up to a maximum credit of $4,000 for purchasing a used plug-in electric or hydrogen fuel cell vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report confirming the dealer submitted it successfully.

For the vehicle to be eligible:

  • The purchase price must be under $25,000.
  • Verification of the Vehicle Identification Number (VIN) is required.
  • The vehicle must be at least two model years older than the current calendar year at the time of purchase.
  • The vehicle must be acquired from a dealership; transactions from private sellers are not eligible.
  • The vehicle must not have been transferred to a qualified buyer after August 16, 2022.

For individual eligibility:

  • Individuals must meet specific income requirements based on their modified adjusted gross income (AGI) and their tax filing status.
  • Individuals cannot be the initial owner of the eligible vehicle.
  • Individuals are not eligible for a credit under this section if they have received a credit for any vehicle sale within the 3-year period ending on the date of the current vehicle sale.
  • The vehicle must be acquired for personal use, not for use by a business, corporation, or for the purpose of resale.
  • For additional information, please refer to the IRS website at https://www.irs.gov/credits-deductions/used-clean-vehicle-credit.

About Us

At Toms River Volkswagen, we're dedicated to providing not only the best in electric vehicles but also in customer service and community support. Our commitment to excellence is evident in every interaction, and we're proud to offer the Toms River Advantage to every customer.

Contact Us
Electric Vehicles at Toms River Volkswagen
Toms River Volkswagen 39.9617916, -74.1791262.