anique
April 13, 2023, 5:36pm
7
That is my understanding but please do your own maths. I don’t think downpayment should matter for a buyout since it would be deducted but just make sure how it is taxed in your state. Down payments typically are applied as cap cost reductions, and are taxed.
These threads should help:
I am getting quotes from Volvo with the intention of immediate buyout. In which case does it matter at all what the terms of the lease are? Term length, annual mileage, down payment, does any of it matter other than capitalized cost?
I have an Ioniq 5 reserved. I’ll be purchasing it when it arrives in 2 weeks. I haven’t asked the dealer about leasing it to get the $7,500 tax credit applied as a cap cost reduction. VW just started allowing this. A post on LeaseHackr suggested getting the VW lease and then refinancing at a better rate for immediate buyout.
Is this the kind of thing that Hyundai will start doing? Does Hyundai allow owners to buy out leases without a substantial penalty? The Hyundai chat is full of people ta…
Hello!
I am looking for a new car after selling my 2015 Audi A3. I’d like my new car to be an EV, but the list of cars that qualify for the EV tax rebate is small, and I don’t love any of them. I’m thinking of signing a lease on an EV and buying it out immediately to get the $7,500 lease credit on a greater set of cars.
I have never signed a lease before, so I am very inexperienced. Obviously, I don’t want to make a costly mistake. I did a lot of reading last night about leases, and I think I …
