We have given you the backdrop on this in the past. Consumers do expect you to know even if the vehicle sold is pre-owned and not in your franchise basket. So while you are not legally responsible today to ensure that recalls on pre-owned vehicles are done, there is a growing trend around the country to require disclosure at a minimum. FADA is even in some discussions with Jim Taylor at Auto Data Direct about working with the Feds through NHTSA to make recall data available to all dealers on all linemakes.
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EV Tax Credit Resources
Background: IRS Important Information for Consumers Transferring Clean Vehicle Tax Credits
IRS Checklist: Clean Vehicle Credit Transfer
IRS Video: How to Submit Time of Sale Reports
Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After
Federal Tax Credits for Pre-owned Plug-in Electric and Fuel Cell Vehicles
Commercial Clean Vehicle Credit