Residual is 60% on 36/10. Crazy high MF, so without sales tax, and with acq fee and $599 dealer fee added I got to $184/month.for the cheapest LT.
Purely hypothetical of course since the $7500 tax credit is not being passed on atm.
So Just to Recap
Lease a
- VW
- Audi
- Jeep
- Mercedes Benz
And get the $7500 incentive. (Or proper rebate amount)
Waiting for
- BMW
- Kia
- Hyundai
- Chevy
- Tesla? With the 20% reduction you don’t need to wait
- Volvo
- Polestar
- Rivian
- Mitsubishi (With their 1 vehicle)
- (and lots of others that I forget)
to complete the race.
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Expect $7,500 blessings on pass through brands.
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Volvo and Mitsu
Those windows aren’t going to tint themselves, and what self-respecting person would drive a new electric vehicle or plug-in hybrid off the lot without pin striping and edge guard?
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And dont forget the…Phantom Footprint
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I made a thread to try to track the lease loophole:
Still not sure why we are referring to a clause that specifically says it applies to leases as a “loophole”.
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Does this mean as a small business owner, I could buy (not lease) any EV and claim the $7.5k tax credit under Section 45W? Couldn’t anyone just form an LLC to take advantage of this?
If it is used for a legitimate business purpose, yes, it would appear to be the case.
I would double check it with your cpa before filing that tax credit 
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You potentially could, if your LLC has $7,500 in federal income tax liability.
I believe so. Before the IRS guidance was issued, there were discussions of this with respect to Uber/Lyft drivers.
Yes, one should always do that before going off of what a random guy on the internet says
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We may have another overhaul incoming
President Maserati Manchin wants to amend the IRA to make 30D the battery sourcing requirement retroactive to January 1st, period.
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As it stands now, how does the credit work? You fill out paperwork at purchase and then get the money as a credit when you file taxes?
Or does it come as a credit at the time of purchase as a reduction of the credit amount from the purchase price?
For 2023, it comes back on your taxes. Starting in 24, it can be transferred and applied up front.
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At least he’s proposing a bill to do it and not trying to overstep his authority by doing it through guidance.
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Although I doubt it will pass, if it does, will folks who are buying EVs after 12/31/2022 potentially not get the $7,500 credit they thought they were getting?
It’s definitely going to piss off a lot of people if it passes.