Californians: With This Deal, You May Want to Buy a Ford C-Max Energi

C-Max Energi Cascade Scenic Drive

2013 Ford C-Max Energi

The Center for Sustainable Energy of the State of California has just $11,064,574 remaining in its rebate fund as of February 9th, 2014.  This amount will only last for a short while longer (see the CVRP Rebates by Month graph).  The Ford C-Max Energi qualifies for a $1500 cash rebate for those leasing or buying an Energi that is registered in California for 36 months after the lease or purchase.  The rebate application is located at their website.  California added funds last year to the program, but there isn’t any guarantee that it will be repeated this year.

Another substantial benefit for buyers of the Ford C-Max Energi in California is the Green Sticker issued by the California Air Resources Board.  The pass, good through January 1, 2019, is available to the first 40,000 applicants.  The California Air Resources Board lists qualifying vehicles besides the Energi.  They won’t last much longer.  As of December 2013, 28,739 had been issued.  About 2,500 are being issued each month currently.  More details are available on the Clean Air Vehicle Decal program.

In addition to California specific incentives, there is still a $4,007 federal tax credit.  If you buy the vehicle, you will need an income tax liability to offset the tax credit.  If you lease an Energi, Ford Credit (or another leasing company) will receive the credit and should pass it on to you through the lease (make sure they do).

There are other incentives that apply to cities throughout California.  These Tesla and  Department of Energy web pages also list incentives that apply to the Ford C-Max Energi.  If you live in the San Joaquin Valley, the Drive Clean program gives C-Max Energi owners an additional $2000 rebate.

Finally, Ford offers 0% for 60 months and a $3000 rebate on the purchase of a new 2013 C-Max Energi until March 31, 2014.  There is also a competitive lease offer of a $1000 rebate from Ford on a purchase or lease if you currently lease a competitive vehicle (or the lease ended within the last 30 days).

In summary, if you live in the San Joaquin Valley and have a lease on a competitive vehicle, you can get $4,007 from the Federal Government, $1500 from the State, $2000 from the San Joaquin Valley, $4000 from Ford and 0% for five years if you buy the vehicle.  In addition, you can get a Green Sticker for the vehicle that will increase its value.  You should also be able to bargain with the dealership and pay pretty close to invoice.  More than $11,000 below invoice on a new Ford C-Max Energi is possible.  Now that is a pretty sweet deal.

Enhanced by Zemanta

C-Max Energi Incentives Continued Through January 2, 2014

2013 Ford C-Max Energi

Ford continues offering $3000 in bonus customer cash, 0% for 60 months and a $1000 competitive lease conquest for the C-Max Energi.  These can be used together.  If you don’t qualify for the competitive lease, you can get the $3000 bonus cash and the 0% for 60 months.  (Go to the linked web page, choose C-Max Energi, click on Retail Offers – for $3000 rebate and 0% offer – and click on Finance Programs – for competitive lease rebate.  I suggest you also verify with a dealer what incentives are available in your area.)  The IRS is also now stating that the tax credit is 4007 rather than $3751.  Many states offer tax credits or rebates, in some states like California, Colorado, and Georgia they can be substantial.  In California you’ll get a $1500 payment.  In addition, inventory is near it’s peak for the year but more C-Max Energi’s were sold last month than any other month this year.  To me, it appears to be a very good time to buy if you can take the Federal tax credit.

Enhanced by Zemanta

C-Max Energi Tax Credit

C-Max Energi Charge Port with Nissan Leaf Charger

Ford C-Max Energi Charge Port with Nissan Leaf J1772 Charger

The C-Max Energi is now appearing on the IRS web site.  It qualifies for a tax credit of $4007.  [The IRS has now stated that the tax credit is $4,007.  It was previously listed at $3751 and stated by Ford as $3750.]  The publication describing the tax credit is here.  The IRS document describing how the tax credit is calculated is here.  The C-Max has a 7.6 kWh battery.  This is the IRS statement for the calculation, “For vehicles acquired after 12/31/2009, the credit is equal to $2,500 plus, for a vehicle which draws propulsion energy from a battery with at least 5 kilowatt hours of capacity, $417, plus an additional $417 for each kilowatt hour of battery capacity in excess of 5 kilowatt hours.”  [The language is ambiguous and the IRS has now stated the credit is $4007.  The $3751 credit assumed that the 7.6 kWh battery uses 7 kWh for the calculation.  The fractional kWh is now used in the calculation.  That results in a tax credit of $4007.  IRS form 8936 is used to claim the credit.  Details of the credit are in an IRS notice.  The credit is not phased out until Ford has sold 200,000 vehicles that qualify for the credit.  At the present time, the C-Max Energi, Focus Electric, and Fusion Energi are the only Ford cars that qualify for the credit.  It will take quite awhile before Ford sells 200,000 of these three models.

The $4,007 tax credit for the Energi is not lost when the Alternative Minimum Tax (AMT) is applicable.  Here’s an IRS Q&A on the topic:

Q. Does the Alternative Minimum Tax (AMT) impact the alternative motor vehicle credit?

A. Starting in 2009, the new law allows the alternative motor vehicle credit, including the tax credit for purchasing hybrid vehicles, to be applied against the alternative minimum tax. Prior to the new law, the alternative motor vehicle credit could not be used to offset the AMT.

The Department of Energy web site to find state laws and incentives for hybrid and electric vehicles is located here.

Ford C-Max Hybrid (not Energi) owners do not qualify for a Federal Tax credit.

This blog was first published 22 Nov 2012.  It was updated 13 Dec 2012, 26 Dec 2012,  April 12, 2013, and September 27, 2013.

 

 

Enhanced by Zemanta