Mike Martin
TVWBB Member
My question would be why would you want to lease. I did a few times years ago and it's a no win situation IMO.
The Inflation Reduction Act (IRA) of 2022 made a tax credit of up to $7,500 available to qualifying purchasers of certain EVs. But restrictions on buyer income and where the car components are manufactured severely limit the availability of that credit to car buyers. Leasing companies (the firms owned by or partnered with automakers that consumers lease cars from), however, aren’t subject to those restrictions, which means they can receive the tax credit and pass it on to the consumer in the form of a less-expensive lease.What is the rebate for and where does it come from?
This. They told me this right up front at the dealer. So, on the lease (only) Toyota Financial is offering $7500 "incentive" then combining it with the $7500 from the gummint, and offering it to the lessee. In the end it's a "win win" for me. As it allows me to get into this thing "low risk" and then know an absolute "rock bottom" situation (or worst case) if I decide I like it enough to keep it. After all. What better used car can you buy than one you've had and cared for properly for the previous 3 years, rather than a stranger that did who knows what?The Inflation Reduction Act (IRA) of 2022 made a tax credit of up to $7,500 available to qualifying purchasers of certain EVs. But restrictions on buyer income and where the car components are manufactured severely limit the availability of that credit to car buyers. Leasing companies (the firms owned by or partnered with automakers that consumers lease cars from), however, aren’t subject to those restrictions, which means they can receive the tax credit and pass it on to the consumer in the form of a less-expensive lease.
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Everything You Need to Know About Leasing an EV or PHEV With a Tax Credit - Consumer Reports
Our experts show you how to qualify for a federal tax credit of up to $7,500 by leasing an electric vehicle or plug-in hybrid.www.consumerreports.org
Monday morning. I just ordered a level 2 charger for it as well which will be here Monday. https://www.amazon.com/gp/product/B0CN9HL376/?tag=tvwb-20So, when do you take delivery?![]()