Not sure if I posted this in the correct section but, for those that don't know, Keysavvy allows private sellers to offer the 30% Clean Car tax rebate on a used car they are selling to circumvent something that only dealers are entitled to do. When a private seller or buyer agree on a deal for used EV, the seller sells the car to Keysavvy, who then sells it to the buyer at 30% off ( less their fee). Sounds like a straw purchase arraignment to circumvent the spirit and intent of the clean car program for used EVs. Probably a gray area legally at least, if not potentially illegal, along the lines of the Montana car registration scam.
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Thoughts on Keysavvy and aren't they facilitating straw purchases?
- Thread starter atikovi
- Start date
Smart on their part. As far as I knew the initial service was essentially an escrow between private parties. Someone internally must have realized the EV tax credit loophole because they have a dealer license. Doesn't sound illegal yet, but probably should be.
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The thread discusses Keysavvy, a service that enables private sellers to offer the federal 30% Clean Car tax rebate on used EVs by acting as an intermediary—the private seller sells to Keysavvy (who holds a dealer license), then Keysavvy sells to the buyer at a discount. The original poster argues this arrangement resembles a straw purchase scheme that circumvents the rebate's intended purpose for dealers, while a respondent acknowledges the clever use of a dealer license loophole but agrees the practice is legally questionable and likely should be prohibited.
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