Be new as defined in the California Vehicle Code (CVC) Section 430 and manufactured by the original equipment manufacturer (OEM) or its authorized licensee. Vehicles considered new vehicles solely for determination of compliance with state emissions standards are not eligible.
Be registered as new in California. Vehicles may not be purchased or leased out of state.
Have an odometer reading below 7,500 miles at the time of purchase or lease.
Apologies if I am being tad dense but want to make sure 100%β¦
New lease - Lessee applies post signing - all good!~
Demo car - Potentially the dealer already claims it, otherwise if sub 7,500 then it can still apply?
Was recently told by dealer that ex-loaners are not eligible despite being under the 7,500 limit.
If the vehicle has never been titled yes. In most cases the dealership titles demos in order to complete registration and receive a license plate, so demos are more than likely no.
For any lease the registered owner is entitled to the federal tax credit. Registered owner is always the bank leasing, So unless they are giving you an incentive alternatively, then no you do not get the actual tax credit.