A buddy of mine called me on advise about pellet stoves since he knew I had one.I have a quad mt vernon I paid $2400 for it 2 years ago.He went to his local dealer near Morristown NJ . The dealer wanted $4000.00 not including the install he also told him that this was a good price as the price was going up again in Sept.He felt that the dealer is basically taking his $1500 tax credit netting his cost down to $2500 instead of say with a 2 year price hike to $3000 less the $1500 = $1500 net cost after tax credit.So even with the $1500 tax credit his cost is now $2500 still $100 more than I paid 2 years ago.My advise was do not pay 4K with $2 heating oil they will not be able to move these stoves at that price hold out till Oct or Nov if oil is still low they will have to drop the price of the stoves to move them.I wonder has anyone else seen these ridiculous price hikes since the tax credit took effect.
Some Dealer are keeping the tax credit
- Thread starter yardley
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dealers cant keep a tax credit. if you have questions about tax credits, here is a link to some info and the most recent hpba faq
http://woodheatstoves.com/index.php?main_page=page&id=29
http://woodheatstoves.com/index.php?main_page=page&id=29
I think what he's saying is dealers are increasing the price because people will take the tax credit at tax time.
dealers CAN'T take the tax credit. Where in God's green earth do people come up with this stuff??? If you don't like the price shop around, AE stoves have increased quite a bit in the last 2 yrs, especially if yours is a Mt Vernon vs an AE Mt Vernon. And if your friend takes your advise to wait until Oct or Nov, remind him not to whine about a 6-8 week lead time
humpin iron said:
dont think he is saying that the dealer is getting the tax credit directly. I think he is stating that since we can get a credit if we purchase new, dealers feel they can charge a bit more on their end.
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