Gurus, sorry for the dumb question, but how does the 7500 credit work? Is that a discount on the car sale price at the time of the sale, or is it a tax break when filing taxes? Thank you
The dealer assumes the tax break so to you it’s a cap reduction of $7500.
So since we have a 2007 BMW if we trade it in at the dealership and lease a new BMW we will qualify for a $2000 loyalty discount?
you dont have to trade it in to qualify. it just has to be registered to your name. sell it elsewhere and make some more money.
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