Hi,
I am looking at an EV lease in Southern California (a Polestar 2) and the dealer is applying the $750 California Clean Fuel Reward. But he then says that this rebate is only allowed if we do a cap reduction, specifically $771.98.
Is this right? I thought the fuel reward is just a straight deduction from the purchase or lease price of the qualified vehicle, there is no other qualification or requirement needed (i.e. a cap reduction, in my case).
Any input is appreciated, thanks!
Are you trying to get to a specific payment?
If you post a calculator link for the entire deal you’ll get the best feedback.
You mean he’s applying it toward your TTL? If so, then sure.
Here is a print out of it. It’s not the final payment I am overly concerned about it, I just want to fact check what the dealer is saying.
The California Clean Fuel Reward if $750 off the bottom line, as far as I can research. But the dealer is claiming that this only kicks in if we do a cap cost reduction (i.e. a down payment) on the original msrp (that’s the $771.98 I mentioned before). I don’t see the correlation here, why do I need to put anything down to get the clean fuel reward?
He’s not applying just the clean fuel reward. Hes applying and putting in an additional cap cost reduction. I don’t see why I need to do any cap cost reduction at all.
You don’t need a down payment to claim it. It is a taxed incentive
No, he’s telling you a story to get you to put money down on the lease.
He’s taking your $1500, putting most of it into TTL and 1st, and putting $750+ rest into a downpayment. More than likely so he doesn’t have to figure out what a $0 drive off would be
He’s NOT ripping you off (in this section, maybe in the price), but he is trying to get some cash out of you.
Edit: That’s what a Cap Reduction is btw, lowering the price of the car toward monthly payments.
He can’t just reduce MSRP, it has to be documented somewhere and he can’t just give you a $750 check.
Some dealers are very weird about collecting minimum driveoffs. They don’t need to collect it for you to use the CCFR incentive but not much you can do if they keep refusing
Thanks everyone. That’s what I was thinking, glad I wasn’t being crazy!
And that 651 is looking a lot better than what the EV6 is going for (try adding $400/month)
Way to miss the forest thru the trees.
You’re so worried about a trivial question yet you’re going to lease a Polestar 2 for effectively ~$700/month?
ah, you’re one of those. i’ve seen your other replies on this board, always so serious while being completely useless. hope you’re having a good one.
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