You Will Soon Get Up to $7,500 EV Tax Credit at Purchase Rather Than a Return
The IRS has just released new guidelines to enable dealers to take the $7,500 electric vehicle tax credit from the buyers and apply it directly to the purchase of new and used electric vehicles.
When the EV tax credit reform was announced last year, it included a provision to introduce a new “point of sale” option after a year into the program – starting January 1, 2024. What the IRS calls a “transfer” is the ability of a new EV buyer to give the tax credit to the dealer that is selling the electric vehicle to them. In exchange, the dealer can give the equivalent “in cash or in the form of a partial payment or down payment.”
What is a Branded Title? Everything You Need to Know
You can think of a branded title as one that has been “stamped” with a notification that something has happened to the car. Reading the Carfax report doesn’t always reveal the story behind the used car branded title, nor does it explain what each brand actually means.
Branded titles often come from insurance companies’ willingness to pay for repairs after a serious crash. If the damage is severe enough, the insurer will declare a total loss. You might also see vehicles with salvage or rebuilt titles, which are also considered brands. Flood damage, hail damage, and other scenarios could lead to title brands.
A Call to Action: How Marketing Establishes and Maintains Fleet Sales
Within the highly-competitive fleet industry landscape, creating and sustaining an effective sales funnel is paramount for growth and survival.
Sales and marketing work hand-in-hand and, when combined together, can significantly boost lead generation and nurture conversion rates.
Through understanding customer objectives and offering customized solutions tailored specifically for them, businesses can earn trust of their target markets - ultimately becoming their go-to provider.
Here is how marketing can support sales and effectively build quality prospect lists while closing more deals!
Fleet Management Weekly Interview: Sofico’s Gémar Hompes
Fleet Management Weekly sat down for an exclusive interview with Belgium-based Sofico’s CEO Gémar Hompes to talk about what the move into the U.S. market means for Sofico customers.
"The opening of a new office in Dallas, Texas allows us to closely align with our customers in the U.S. market. Indeed, Sofico has always strongly adhered to the philosophy of ‘following the customer’; we want to be where our customers are," said Hompes.
Further, he said, "The high-level configurability of Miles Enterprise, our signature platform, allows customers to take matters in their own hands and respond in an agile and autonomous way to any specific market requirement."
The Dirtiest Word in Fleet
When considering whether to lease, buy, or r*nt vehicles, for most fleets the answer is all three. Kingbee provides a unique r*ntal solution that helps you stay flexible with brand new vans, wrapped with your company’s branding and upfitted with shelves and racks. Call today to learn more.
