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Toyota Prius Prime :$28500 - up to 5000 off (manufacturer rebate)- upto $3000 off dealer discount - 4500 federal tax credits = $16000 plus tax and doc fees

$16,000.00
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refer to the deal earlier this year in Jan:
https://slickdeals.net/f/11197011-toyota-2017-prius-prime-plug-in-hybrid-trim-level-plus-mrp-27995-5000-rebate-4500-federal-tax-credit-18595
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UPDATE on REBATES: TOYOTA HAS INCREASED THE REBATES IN GREATER NY AND NEW ENGLAND REGION BY $1000.
NEW REBATES FOR JAN 19:
New England - $4500 off MSRP
Greater NY- $5000 off MSRP

All other regions : Same as December 18 rebates Below


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Toyota is offering discount of up to $4000 off MSRP on Prius Prime in Greater NY and Central Atlantic region and $3500 in New England region. Below is a table of the exact incentives by region:


Toyota Incentives- December 18
New England $ 3,500
Greater New York $ 4,000
Central Atlantic $ 4,000
Northern CA $ 1,500
Southern CA $ 1,500
Pacific Northwest $ 3,000
No Toyota discounts in these regions:Southeast , Western , Ohio Valley ,Midwest , Mountain , Gulf States

To know your exact region refer to this: https://cars.usnews.com/cars-truc...yota-deals

You should be able to score at least $1000 to $2000 additional dealer discount .

Also note: Your state might be offering additional EV incentives too, For eg: NY has $1100 state incentive, MA has $1500 incentive on the Prius Prime.(EDIT- Starting 2019, No more Incentives in MA for hybrid vehicles- Rebates restricted now to EV vehicles)
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Been an active price searcher of Prius Prime in the New England area, Got this awesome deal (email Ad) from DCH Toyota . They are offering $3500 dealer Discount in addition to the $3500 offered by Toyota.


Here is the Calculation for the Plus trim (specifically at this dealer- though most dealers in the region should honor/match this pricing):

Prius Prime Plus: MSRP 28500 (Usually in the range of $28300-28800 - depends on the add ons)
Dealer discount:$3500
Toyota rebate: $3500
Federal tax rebate: $4500
Net price: $ 17000 before taxes and Doc fees.

Additional options for New England buyers: $1250 - College grad discount, $750 Military Discount.

EDIT: 1.Changed the title to Tax credits (from Rebates), Added a line on state incentives
2. Removed the link of the said dealer (DCH toyota of milford) as the offer got over.
3. Updated with new rebates for Jan 2019.

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Created 12-12-2018 at 09:36 AM by reddyz
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Last Edited by DonBu January 4, 2019 at 12:21 PM
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How does the EV tax credit work?
You get a tax credit of $2500-$7500 ($4502 for the Prime) depending on the size of the battery when you file your tax in 2019. You have to have tax liability to get the credit. Some examples of buying the Prime (single tax filer estimates):
Income: $40,000
Taxes withheld: $3000
Liability: $3170, you would normally owe $170 if you didn't buy a Prime.
Refund in April: $3000

Income: $40,000
Taxes withheld: $4000
Liability: $3170, you would normally get a refund of $830 you didn't buy a Prime.
Refund in April: $4000

Income: $60,000
Taxes withheld: $5500
Liability: $6500, you would normally owe $1000 if you didn't buy a Prime.
Refund in April: $3502

Income: $60,000
Taxes withheld: $7500
Liability: $6500, you would normally get a refund of $1000 you didn't buy a Prime.
Refund in April: $5502

Actual formula for people that want to calculate their own examples:
NEW Tax Liability after Prius Prime EV credit = Original Liability - $4502 (if negative, New Liability = $0)
Refund/Owe = Taxes withheld - New Liability (positive value = refund, negative value = you owe government)

Want to know if you qualify for the full $4502 tax credit?
Use TurboTax and put in your estimated income to see your tax liability. It's free to just calculate. I think it's around $51k for single without kids to have a tax liability of $4502. The EV tax credit is not available yet so you won't be able to see your refund amount. If you have kids, your income will have to be much higher. Contact a tax pro.

Can I buy more than one EV/PHEV and get tax credit?
Yes, there is no limit on how many you can buy in a tax year, you will get the tax refund of all the EV/PHEV you've bought during that year, so long as the total credit amount is less than your tax liability. Otherwise, you will only get the tax liability refund. Use tax form 8936. The form only has 2 columns, but you can add more if you buy more than 2 in that year.

Check for incentives by location:

https://pluginamerica.org/why-go-...ncentives/
and
https://plugstar.zappyride.com/tools/incentives

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Dang, in search of a new hybrid myself, but in CA.
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So, where exactly is this good in? One town in Maine?
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Quote :
Quote from AJDemineh
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Dang, in search of a new hybrid myself, but in CA.
AJDeminehDang, in search of a new hybrid myself, but in CA.
CA should also have 1500 for the Cvrp thing. Not as good as those incentives in the cold states, but should help you get closer.
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#6
Can I go to a dealership in those areas and buy a car with those discounts/incentives/rebates/tax savings if I live in the Midwest (Michigan)?
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Quote from karrun
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So, where exactly is this good in? One town in Maine?
Most Massachusetts dealers should be able to to price match this. So I would say most of New England.
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Quote from Knuteski
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Can I go to a dealership in those areas and buy a car with those discounts/incentives/rebates/tax savings if I live in the Midwest (Michigan)?
You should be able to- But do factor in the hassle of paperwork, flying down to Boston, transporting/driving the car Back.

Refer to the Prius Prime Prices paid thread on Priuschat website. There were people who flew down from Florida, Texas etc, took delivery from dealerships in New England and drove their cars back. WOuld be an interesting road trip if not for the winter.
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#9
Dealer discounts are never real or the car for the discounts was sold weeks ago.
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Quote from delhidada
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Dealer discounts are never real or the car for the discounts was sold weeks ago.
True in most cases (these car dealers are real con artists) , but I guess in this case the dealers are offering real good discounts.

Infact my friend bought Prius Prime in October for $4000 dealer discount and $3000 Toyota rebate(Back in October the rebate was a bit lower for the Prime) . The dealer was Prime Toyota rt 2.He did his research pretty well and negotiated hard to get that price.

This was what triggered my interest in the Prius Prime. Have been researching for the last 2 months since the day my friend got a steal deal. Sadly Prime toyota rt 2 sold out their Prius primes pretty fast, before I could act. Many other buyers reported good dealer discounts in the region. Just have a look at the priuschat price discussion forums. You'll see what I am talking about.
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Last edited by reddyz December 12, 2018 at 10:58 AM.
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#11
i got this deal earlier this yr. couldn't be happier with my new prius prime advanced.
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At which dealership did you get the deal? Was it in New England?
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How do you get the federal tax credit ?
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Quote from magnolia200
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i got this deal earlier this yr. couldn't be happier with my new prius prime advanced.
Me to,9k miles and spent about $100 in gas
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Quote from magnolia200
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i got this deal earlier this yr. couldn't be happier with my new prius prime advanced.
I also got deal and so far so good. Hopefully taxes work out and get $4500 next year ! I tend to have issues when filling gas . Forget the process and locating gas lid button .
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Last edited by Lyn December 12, 2018 at 11:21 AM.
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