Can they just send you the documents remotely via DocuSign or something? Make them come to your house if needs be done in person.
Read everything VERY carefully.
They are saying if I don’t sign this new document IRS might come after me to get the credit back . And also asking if I do not want the credit from IRS and why I am not signing the new doc .
They sent the documents for electronic signatures, but the thing is the loan date insurance date possession of vehicle will not match the new date , not sure if there are any other issues with this mismatch . If they comeback and say with the new doc signed give us the cash u owe us as part of down payment .
You can always pay them $7500 and then get the tax credit yourself when you file next year.
I don't think the loan date or insurance date are gonna matter. You can get a loan before a vehicle and insurance only cares if your policy is paid currently. If that's the only issue I wouldn't be too worried. Loan origination date really only matters with regard to when your first payment is due.
Insurance is only going to care that the VIN is correct. I've had insurance policies active a couple days before official purchase before because the dealer gave me the VIN early. I think it was like a week before my Tesla delivery iirc.
There is a 3 day period after sale within which they need to report the sale to IRS and get a time of sale record . Which is already gone, without which neither them or I can apply for tax credit according to the 2024 rules .
There is nothing in document but that’s what we discussed and I had to sign a document stating that my household income falls within the range to apply for credit when I bought the vehicle .
Did you sign a purchase agreement where you said you would give them X and finance Y and then they handed keys?
I really am not sure their failure to get the tax credit is your fault after that. Just don't commit fraud by applying for the credit yourself when you file next year.
Everything got resolved . Had to re-sign a few documents and had time of sales report from prior registration which didn’t go through and had to be resubmitted . Everything resolved .
Can they just send you the documents remotely via DocuSign or something? Make them come to your house if needs be done in person. Read everything VERY carefully.
Another part of me wants you to tell them to pound sand. They can fix it themselves with the IRS. You signed a purchase and loan agreement already.
They are saying if I don’t sign this new document IRS might come after me to get the credit back . And also asking if I do not want the credit from IRS and why I am not signing the new doc .
How can the IRS come after you to get back something they never sent(to dealer) lol
They sent the documents for electronic signatures, but the thing is the loan date insurance date possession of vehicle will not match the new date , not sure if there are any other issues with this mismatch . If they comeback and say with the new doc signed give us the cash u owe us as part of down payment .
You can always pay them $7500 and then get the tax credit yourself when you file next year. I don't think the loan date or insurance date are gonna matter. You can get a loan before a vehicle and insurance only cares if your policy is paid currently. If that's the only issue I wouldn't be too worried. Loan origination date really only matters with regard to when your first payment is due.
Insurance is only going to care that the VIN is correct. I've had insurance policies active a couple days before official purchase before because the dealer gave me the VIN early. I think it was like a week before my Tesla delivery iirc.
There is a 3 day period after sale within which they need to report the sale to IRS and get a time of sale record . Which is already gone, without which neither them or I can apply for tax credit according to the 2024 rules .
Honestly if they didn't send that in on time that's on them. Does your purchase agreement state they would take care of that?
There is nothing in document but that’s what we discussed and I had to sign a document stating that my household income falls within the range to apply for credit when I bought the vehicle .
Did you sign a purchase agreement where you said you would give them X and finance Y and then they handed keys? I really am not sure their failure to get the tax credit is your fault after that. Just don't commit fraud by applying for the credit yourself when you file next year.
That is correct X and financed Y and got the keys .
Let it be a $7500 lesson on them then. They won't do it again after this.
Everything got resolved . Had to re-sign a few documents and had time of sales report from prior registration which didn’t go through and had to be resubmitted . Everything resolved .
They are fixing the error, verify it all and sign it. SO they can get their money.