Federal EV tax credit overhaul

Off-Ramp EV
1552

I’ve got an allocation with your name on it.

1553

I got a 2018 330e loaner which they passed the whole 4K but yeah they haven’t done it recently.

1554

Dream LEASE in NJ

Chevy Bolt with MSRP $28k
50% residual. ( did not CHECK on Edmunds.com)
36/10k
$14k depreciation
$7,500 EV credit
$4k NJ charge up credit
No sales tax
$2,5k /36= $70 per month
PLUS ALL FEES AND INTEREST RATE

1555

Yeah I think the great F3x giveaway saw outsized rebates.

1 Like
1556

Keep Dreaming as Chevy is not passing the $7500 yet.

2 Likes
1557

Is Chevy passing along $7500 on leases?
Did you confirm this with any dealer?

1558

This is a dream lease…

1 Like
1559

Anecdotally, this kind of lease was happening back in the day on the e-golf, circa 2015-2016

1560

What kind of numbers were you getting? My EGolf 2017 was < 200/month I believe

1561

Then you can add …
Special pricing like, collage grad,
GM Credit card offer of $500 discount
And dealer coupons from motivated dealership :smiley:

1562

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.

1563

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.
2 Likes
1564

Expect $7,500 blessings on pass through brands.

1 Like
1565

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?

3 Likes
1566

And dont forget the…Phantom Footprint

Ghost Boo GIF by Bismuto Estudio

Orange Pie GIF by Kyocera

4 Likes
1567

I made a thread to try to track the lease loophole:

1568

Still not sure why we are referring to a clause that specifically says it applies to leases as a “loophole”.

3 Likes
1569

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?

1570

If it is used for a legitimate business purpose, yes, it would appear to be the case.

1571

I would double check it with your cpa before filing that tax credit :face_with_monocle:

2 Likes