Quote:
Originally Posted by Carbonm3ny
so is this used or new considering there is already $1400 miles on it? if its used then im sure you can get lower than that.
|
Typically dealers who sell their loaner or program vehicles have been titled to the dealership. In the eyes of the IRS this is considered a new vehicle as it's not been titled to an individual owner. For tax purposes this would be a 'new' vehicle.
I only know this because I had been program car hunting in December to find a low mileage X5 that I could title to my business and get the tax credit.
Hope that helps.
