I’m looking at a 2024 Acura ZDX and the calculator isn’t showing the 7500 ev tax credit as an option. Does this car not qualify for it? I’m using 85716 for the zip. I see the lease offer, loyalty, and captive lease offer but that’s it. Am I missing something?
It gets it. Zdx programs sometimes show up weird.
Is it calculated into the deal or should I reduce the selling price by 7500?
It is a taxed incentive (as capital cost reduction).
Yes, the 2024 Acura ZDX qualifies for the $7,500 EV tax credit, but if you’re leasing, the credit goes to the leasing company. It’s up to the dealer to pass it on as an incentive. That’s why it might not show in the calculator ask the dealer directly to confirm if it’s being applied.
It’s always going to be applied. The dealer would have to be marking up the selling price by $7500 to eat it to make it effectively not be passed on.
Right, so to get a clearer idea of a lease deal, should I include 7500 more for a “dealer discount”?
Example: MSRP is $70,450, I want to ask for 15% discount plus $7500 ev tax credit so the selling price would be $52,382.50 before rebates and incentives….am I thinking of this correctly?
You should just include the incentives in the incentives section of the calculator.
The $7500 ev rebate isn’t a tax credit, it’s just another incentive from the bank.
My point is is that the 7500 rebate isn’t showing as an option in the incentives section so how do I calculate a deal with that 7500 ev credit included?
You include it in the taxed incentives section. Just type it in.
I understand now, I really appreciate everyone’s insight! Trying to do a deal to eat up about 7-8k of negative equity in my 2022 Jeep GC 4xe lease. This seems like it could work if the dealer is willing to make a deal.
Rebates exist because that’s what makes the lease payments attractive enough to keep moving inventory.
Rebates don’t help with negative equity.
You are re-borrowing every single cent of that NE and repaying it back with tax and interest.
Yeah I understand that but if I’m going to be spending money, then I’d rather spend it on something that doesn’t cause me a headache every time I use it. I just want to be out of the jeep once and for all
Out of curiousity how many months are left on the current lease?
12 months left…leased for 39 months starting in May of 2023.
Do you really want to refinance $8000 in negative equity so you turn it into $9000 after taxes/rent charge to get out a year early?
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Yes, not driving a ticking time bomb is worth an extra 1k to me.
So then you should be looking up several EVs to see which has the lowest MF in addition to being an underpriced lease.
VW ID4
Hyundai Ioniq
Toyota BZ4 and Lexus RZ etc etc.
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$9000 you’re talking about eating, not $1000
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