EV used rebate after lease buyout

Hello,

I am considering buying a used EV assuming I would be eligible for the 4k Federal used EV rebate. However, in this particular situation the seller is in the process of a lease buyout. When it comes to Nissan I know that the leasing bank takes the initial 7.5K rebate upon the initial lease. However, I am wondering if in this case the person buying out the lease will take the 4k rebate as the “2nd owner” or if I as the “2nd owner” would be eligible.

If I wouldn’t be eligible for this rebate I would likely just opt for new.

Appreciate your help!

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The used EV would have to be purchased from a dealer, so neither of you would qualify.

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Additionally, there are other requirements for the used EV credit:

https://pluginamerica.org/inflation-reduction-act-ira-ev-incentives-explained/

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Is it not the dealer that sells a car at the lease end?

Nope, the dealer doesn’t own the car. Some manufacturers can’t sell their leased vehicles directly to the leasee in some states and require the leasee to go through a dealer. I am not sure how those situations are handled.

Don’t forget the name change rule, so there are 2 rules.

  • Must be from Dealer Stock
  • Person buying it cannot be the first owner. (Or on the registration)

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