Working a deal in Georgia. I dont see the tax credit on the calculator. Should I add that as a discount under selling price?
The tax credit does not go under sale price.
The tax credit on a lease is given to the lessor (bank) not to lessee (you). Some companies pass down the credit in the form of incentives/rebates, inflated residual, or other favorable lease terms.
So basically, you can forget about the tax credit and just make sure you get all the incentives/rebates.
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Since you didn’t say the brand.
Some do not give 7500, some give less.
Some do not give it at all, and give a higher RV.
Cadillac. Optiq lease.
Got it. So on the dealers website it lists the $7500 tax credit. However on the leasehackr member calculator it does not show up.
GM raises the RV and gives $0 in regards to the $7500 in regards to Leases.
Buying the $7500 is still there, but I’m not sure if it qualifies for tax rebate 30D
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Got it so they don’t pass it on except to the extent that it is reflected in the high RV
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Correct.
There’s a big RV drop from 24 to 36 mo. Is there a reason you want to lease for 36 mos?
No I can do 24. In my calculator 36 was slightly less than 24 when the one pay is amortized on a monthly basis.
Yes, GM sets the residual high in lieu of giving you a line item $7500 Rebate