I wonder if anyone low income enough to qualify for the CVRP ever even buys new cars. Doesn’t seem wise.
this post was submitted on 24 Jul 2023
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At 14k it should be doable. That's near used car prices.
As the article points out it’s basically impossible to get both the full tax credit and the full CVRP. Even if it somehow is in a hyper specific situation, I don’t think someone who only makes 58k a year (in California!) would be buying a $14,000 car. They would probably be buying a car that costs half that.
Still a poor purchasing decision.