{"id":29308,"date":"2022-08-16T06:03:45","date_gmt":"2022-08-16T10:03:45","guid":{"rendered":"https:\/\/autosector.com\/?p=29308"},"modified":"2022-08-16T06:03:45","modified_gmt":"2022-08-16T10:03:45","slug":"vinfast-give-buyers-7500-usd-discount-if-federal-tax-credit-denied","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=29308","title":{"rendered":"VinFast To Give Buyers $7,500 Discount If Federal Tax Credit Denied"},"content":{"rendered":"

Vietnamese automaker VinFast’s US rollout of its VF8 and VF9 electric SUVs may receive a serious blow if the Inflation Reduction Act is signed by US President Joe Biden this week.<\/p>\n

The bill would leave VinFast reservation holders without the $7,500 federal tax credit, but the Vietnamese company is prepared to go the extra mile to ensure its customers get the deal they were promised.<\/p>\n

TechCrunch<\/em> reports that VinFast<\/a> is promising preorder holders who are no longer eligible for the tax rebate a $7,500 discount on the vehicle instead. Here’s how the company details the plans in an email to reservation holders.<\/p>\n

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“VinFast is a brand that not only stands behind our vehicles with our 10-year\/125,000-mile warranty but more importantly, we stand behind our customers! For customers who apply for the $7,500 tax credit under current IRC 30D requirements and are denied by the IRS for reasons not attributable to the customer, VinFast will provide the customer a $7,500 purchase price rebate (or similar rebate) on their VinFast vehicle purchase. The binding agreement contains additional details on eligibility for the rebate.”<\/p>\n<\/blockquote>\n

<\/p>\n
\"VinFast <\/source><\/source><\/source><\/source><\/picture> <\/a> <\/p>\n

21<\/span> Photos<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n

This is a bold move that could prove very costly for the automaker if the Inflation Reduction Act<\/a> is signed into law\u2014something that could happen as early as this week.<\/p>\n

It’s worth noting that VinFast’s offer stands only if customers agree to convert their non-binding $200 preorders to a written binding contract\u2014a practice that most EV makers have adopted these days<\/a> to take advantage of the “Transition Rule” loophole in the legislation.\u00a0<\/p>\n

VinFast preorder holders’ $200 refundable reservation fees will become non-refundable, and the contract will allow customers to file for the current $7,500 tax credit with the IRS before the Inflation Reduction Act becomes law. Customers who are denied the tax credit will automatically qualify for the $7,500 discount from VinFast.<\/p>\n

On its website, VinFast advertises the Pininfarina-designed VF8 and VF9 electric SUVs with MSRPs of $40,700 and $55,500<\/a>, respectively, plus a monthly battery subscription fee depending on mileage. The company will offer the VF8 and VF9 with a 100% battery subscription policy until the end of 2023. After that, it will allow customers to either rent the battery or buy it outright.<\/p>\n

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\"\"\/ <\/section>\n","protected":false},"excerpt":{"rendered":"

Vietnamese automaker VinFast’s US rollout of its VF8 and VF9 electric SUVs may receive a serious blow if the Inflation Reduction Act is signed by US President Joe Biden this week. The bill would leave VinFast reservation holders without the $7,500 federal tax credit, but the Vietnamese company is prepared to go the extra mile […]<\/p>\n","protected":false},"author":1,"featured_media":29309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/29308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29308"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/29308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/29309"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29308"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}