First the Prius, now the Volt: Getting robbed at the dealership?
Some dealerships taking plug-in tax credits for themselves?
Updated 15:46 – Sometimes it’s hard to buy into supply and demand economics. It’s even worse when supply and demand fundamentals favor car dealerships that have rigged the financing game to squeeze every bit of extra money out of typically unsuspecting car buyers.
Thus, the fact that some Chevy Volt dealers are taking the $7500 federal plug-in tax credit for themselves rather than giving consumers the credit is, minimally, disappointing.
But, is this the real story?
It’s hard to say how common this practice is today, but it is happening according to Straightline, although now disputed by others.
Still, should anyone be surprised?
But, is this really happening? According to MotorTrend, these dealerships that are not yet authorized to sell the Chevy Volt, so they are simply buying Volts to sell as used, which is not surprising considering the limited supply and high demand.
Anyway, just as Hybridcarblog suggested in Robbed: Buying a hybrid car, shop around if this is a real trend. Don’t reward dealerships that don’t put customers first, especially on a car as important as a plug-in vehicle like the Volt. Just like in 2008, there were dealerships that didn’t resort to markups, and I’m sure this will be the case this time around as well. So, reward those dealerships instead.
As for flipping Volts, as now appears to be the case with this story, buyers beware. It didn’t make sense during the housing bubble and it won’t make sense with the Volt either.