This is an updated version of previous Front Page deal.
Toyota is running a huge $20,000 discount on bland new Mirai, but at the same time local dealers are marking up the price from 2000 ~ 5000 depend on who (which dealer) you deal with
https://www.buyatoyota.com/socal/...apr_331250
The MSRP of the XLE model with the Technology Option is around $52,594.
From here you will get
1. $20,000 - Cash Toyota Discount
2. $8,000 Federal Tax Credit (more info)
3. $4,500 CA Tax Credit
4. $15,000 Fuel Card valid for up to 6 years
5. $0 ~ 5,000 Dealer mark up due to high demand
6. 0% Interest for up to 72 months
7. $400 worth Gift card or other gifts, etc.
The actual calculation will be like this
52,594 - 20,000 (Toyota Discount) + 2,000 (dealer mark up) + 4,500 (tax) + 800 (DMV fees, etc.) = 39,894 (Out the door) price
If you get 72 months finance, it will be $554.09 per month
From this price, you can get Item 2, 3, 4, 7 later so
39,894 - 8,000 - 4,500 - 15,000 - 400 = $11,994
The actual price of the car can be consider only $12,394
You can find the original post of this can be find at here
https://slickdeals.net/f/14904181-2021-toyota-mirai-hydrogen-fuel-cell-vehicle-la-sf-only-23108-or-less#comments
For the item 2, 3 you can check the original post
For the item 7. Please read next post to see more details.
The dealer will try to sell you additional warranty, etc. You can opt out those or add those options later.
This $20k off deal was going to expire on 3.31.21 but it was extended to until 05.03.21. We don't know if this will be extended again. I am guessing it might with less discount such as $15k.
238 Comments
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The tax rebate is not a refund. It's a reduction off your income, when doing your taxes. Multiply the rebate x your tax bracket, for realized rebate.
i.e.: $8000 x 22% federal tax bracket = $1760 tax rebate.
Perhaps you should post less untrue things in the future instead of hiding from being corrected on them? Just a thought.
The tax rebate is not a refund. It's a reduction off your income, when doing your taxes. Multiply the rebate x your tax bracket, for realized rebate.
i.e.: $8000 x 22% federal tax bracket = $1760 tax rebate.
...what?
The tax credit offsets your owed tax obligation. It has nothing, at all, to do with your bracket.
(nor does that even make sense math-wise, because you're not "in" a single bracket- the system is progressive and the amount you're taxed is different on the way up.... the first X dollars is one rate, the next Y dollars taxed at one other rate, the next Z dollars taxed at yet another, etc.... For example for 2020 your rate is 10% on each of the first 9875 dollars, 12% on dollars 9876 through 40125, 22% on dollars 40126 through 85525, and so on... (double those dollars for married filing jointly)
Look at line 24 on your 1040. That's your total tax obligation for the year.
If it's $8000 or more, you get the full $8000.
If it's less, you get less. (Because the credit is not refundable) up to whatever the actual number in line 24 is.
(and to address the other thing that often confuses folks on this-- how much you had taken out in paychecks and if you "normally get a refund" or not also has no impact on this math- those don't come in till further down the form and are entirely separate from your tax obligation number)
If you have warnings about a product, that's fine. Share and move on with your life.
Personally I find some of those users to produce the most entertaining content on all of SD, but of course ymmv.
EDIT: just noticed that I can add myself to my own ignore list. Maybe I'll try it, in the interests of science
Perhaps you should post less untrue things in the future instead of hiding from being corrected on them? Just a thought.
...what?
The tax credit offsets your owed tax obligation. It has nothing, at all, to do with your bracket.
(nor does that even make sense math-wise, because you're not "in" a single bracket- the system is progressive and the amount you're taxed is different on the way up.... the first X dollars is one rate, the next Y dollars taxed at one other rate, the next Z dollars taxed at yet another, etc.... For example for 2020 your rate is 10% on each of the first 9875 dollars, 12% on dollars 9876 through 40125, 22% on dollars 40126 through 85525, and so on... (double those dollars for married filing jointly)
Look at line 24 on your 1040. That's your total tax obligation for the year.
If it's $8000 or more, you get the full $8000.
If it's less, you get less. (Because the credit is not refundable) up to whatever the actual number in line 24 is.
(and to address the other thing that often confuses folks on this-- how much you had taken out in paychecks and if you "normally get a refund" or not also has no impact on this math- those don't come in till further down the form and are entirely separate from your tax obligation number)
Tax credit is different from a tax deduction. A tax credit offsets your tax liability at a 1:1 ratio. The $8000 for the Marai is a tax credit. Other tax credits include home solar installation tax credit, EV tax credit, child tax credit.
A tax deduction offsets your taxable income. Common tax deductions include the standard deduction, mortgage interest deduction, the SALT deduction. With the tax deduction, the amount it reduces your tax liability will depend on your tax bracket. Money that you put in a 401k is essentially a tax deduction though you will have to pay tax on it when you withdrawal the money.
Tax credit is different from a tax deduction. A tax credit offsets your tax liability at a 1:1 ratio. The $8000 for the Marai is a tax credit. Other tax credits include home solar installation tax credit, EV tax credit, child tax credit.
If your total liability is 8k or more, you get the full 8k (line 24 on the 1040). If it's less, you get whatever the liability is and that's it (since this is a nonrefundable credit- some OTHER credits ARE refundable and you get them even if they exceed your liability)
Keep in mind this is not including the 8% of the tank that is hidden (not in the range estimator).
Also the full tank is 5.6kg so at 68, you're getting 380 miles, but nobody will know until they drive it down to zero. Maybe on the next full fill I will try to go light footed to see how many MPGe I'll get.
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Keep in mind this is not including the 8% of the tank that is hidden (not in the range estimator).
Also the full tank is 5.6kg so at 68, you're getting 380 miles, but nobody will know until they drive it down to zero. Maybe on the next full fill I will try to go light footed to see how many MPGe I'll get.
Keep in mind this is not including the 8% of the tank that is hidden (not in the range estimator).
Also the full tank is 5.6kg so at 68, you're getting 380 miles, but nobody will know until they drive it down to zero. Maybe on the next full fill I will try to go light footed to see how many MPGe I'll get.
If I really drive like a grandma and pretty much let the car roll into starts and stops (do not recommend unless you like constantly getting passed aggressively), I've been able to get it stupidly high.
Attachment 10035116
Next day, I found a blade on the floor (photo attached). At night, I could not see it on the floor, so I touched/picked up? it and cut myself. I reported to the Salesperson but she didn't apologize, but just explain how they use the blade for removing plastic, etc.
I am not sure what is their mentality and I don't know what I should do but I complained them. Later, I found some more unprofessional practices beside the blade.
What do you think?
In the meantime, I ask the dealer, what is the current sales price for the XLE. They said they don't have in stock but they would sell for MSRP (no mark up). If you want to buy XLE, I could refer you to them. I am not sure when they will get one, but if you get one before May 3, you can get a good deal.
I wonder, who got the best deal with the Limited version not XLE. The Limited is 16.5k more. Did anyone get 10k discount or more? When I ask, they said only 5k discount. In early March, dealers were giving 5k discount with XLE, so I thought 5k off for Limited is not a deal.
Of course, take this with a grain of salt.
Doesn't look like anyone is willing to go under MSRP, but Orange, Tustin, and Longo don't seem to be going over it either.
If I really drive like a grandma and pretty much let the car roll into starts and stops (do not recommend unless you like constantly getting passed aggressively), I've been able to get it stupidly high.
Attachment 10035116
I also use adaptive cruise control as much as I can and that improved my mileage about 20%.
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The tax rebate is not a refund. It's a reduction off your income, when doing your taxes. Multiply the rebate x your tax bracket, for realized rebate.
i.e.: $8000 x 22% federal tax bracket = $1760 tax rebate.