I’m curious about your opinion on this scenario: My lease for the '23 Bolt EV is nearly up, and it’s only clocked 2600 miles. In California, a car with under 7500 miles is categorized as “new.” If I choose to execute the lease-end buyout through a dealership, even if it involves an additional processing fee, would I then become eligible for the $7500 EV rebate, thanks to its “new” status?
I fits all the requirements from IRS, but just not sure about the “new” part.
No, it doesnt
This blanket statement is not true.
Are you going to buy yours out? What’s the residual? Keep in mind you can get a Tesla Model 3 for $37k minus rebate, so close to $30k
Yep, my residual is $22k, and the market is currently at $32k~ so it’s a no brainer to buy it. Maybe resale and change into a M3? But I don’t really like that M3 doesn’t have parking sensors or the 360 views. I cherishes them on my Bolt…
That’s what google told me when I searched what’s considered a new car in CA. Was it wrong?
Yes, when its in the context of a purchase. The 7500 mile limit in CA only has to do with how vehicles from out of state are handled in regards to non-CA compliant emissions.
Search is your friend
Not eligible for multiple reasons