# Lease Credit..meaning? **URL:** \ **Category:** Ask the Hackrs\ **Created:** [September 20, 2017, 4:17pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085 "2017-09-20T16:17:55Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![techtiger99](https://leasehackr.b-cdn.net/letter_avatar/techtiger99/32/5_5575768a8748004e209b776fc1b2916d.png) [@techtiger99](https://forum.leasehackr.com/u/techtiger99)\ **Post date:** [September 20, 2017, 4:17pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/1 "2017-09-20T16:17:55Z")
Hi All, I am a newbie to this forum, still trying to catch up with a lot of stuff and thank you all for sharing valuable information. Just wanted to understand the term ‘Lease Credit’ properly. Does it mean I am eligible for extra discount after applying all the incentives n all? For instance, the 2017 3 series seem to have $3000 lease credit. If the MSRP is 54K and the selling price is $47K, can I still get additional $3k off for lease credit? Thanks in advance! ---
**Author:** ![Jon](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jon/32/70934_2.png) [@Jon](https://forum.leasehackr.com/u/Jon)\ **Post date:** [September 20, 2017, 4:19pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/2 "2017-09-20T16:19:20Z")
It’s just a rebate/incentive. ---
**Author:** ![Boomba](https://leasehackr.b-cdn.net/letter_avatar/boomba/32/5_5575768a8748004e209b776fc1b2916d.png) [@Boomba](https://forum.leasehackr.com/u/Boomba)\ **Post date:** [September 20, 2017, 4:22pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/3 "2017-09-20T16:22:22Z")
That $3K would be used as a down payment on the lease. ---
**Author:** ![techtiger99](https://leasehackr.b-cdn.net/letter_avatar/techtiger99/32/5_5575768a8748004e209b776fc1b2916d.png) [@techtiger99](https://forum.leasehackr.com/u/techtiger99)\ **Post date:** [September 20, 2017, 4:31pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/4 "2017-09-20T16:31:34Z")
Thanks @Jon, @Boomba! So I should be able to get an additional discount off the sale price then? Not sure how the dealers mix up the discounts and lease credit in general. ---
**Author:** ![Boomba](https://leasehackr.b-cdn.net/letter_avatar/boomba/32/5_5575768a8748004e209b776fc1b2916d.png) [@Boomba](https://forum.leasehackr.com/u/Boomba)\ **Post date:** [September 20, 2017, 4:35pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/5 "2017-09-20T16:35:04Z")
The effect to you, the customer leasing, the effect is the same whether the sales price is lowered or the rebate is used as a downpayment, generally. However, depending on your state, the sales tax might be higher or lower depending on how it’s done. I’ve never had to deal with that since my state doesn’t tax rebates in any way, so it’s all a wash. Only thing that is taxed is the final monthly lease payment, regardless of how it got calculated. ---
**Author:** ![techtiger99](https://leasehackr.b-cdn.net/letter_avatar/techtiger99/32/5_5575768a8748004e209b776fc1b2916d.png) [@techtiger99](https://forum.leasehackr.com/u/techtiger99)\ **Post date:** [September 20, 2017, 4:43pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/6 "2017-09-20T16:43:12Z")
makes sense now…Thank you! ---
**Author:** ![Jon](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jon/32/70934_2.png) [@Jon](https://forum.leasehackr.com/u/Jon)\ **Post date:** [September 20, 2017, 4:49pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/7 "2017-09-20T16:49:01Z")
Many dealers will quote with the incentive already included in their sales price. ---
**Author:** ![techtiger99](https://leasehackr.b-cdn.net/letter_avatar/techtiger99/32/5_5575768a8748004e209b776fc1b2916d.png) [@techtiger99](https://forum.leasehackr.com/u/techtiger99)\ **Post date:** [September 20, 2017, 5:39pm UTC](https://forum.leasehackr.com/t/lease-credit-meaning/21085/8 "2017-09-20T17:39:15Z")
oh okay, yeah I was thinking the same too but just wanted to get your input here as well.