anique
December 5, 2023, 5:28pm
5120
I did a quick search and posted some links here. You can do the remaining search. This has been discussed too often the past couple of years. Hope it helps.
Hello!
I am looking for a new car after selling my 2015 Audi A3. I’d like my new car to be an EV, but the list of cars that qualify for the EV tax rebate is small, and I don’t love any of them. I’m thinking of signing a lease on an EV and buying it out immediately to get the $7,500 lease credit on a greater set of cars.
I have never signed a lease before, so I am very inexperienced. Obviously, I don’t want to make a costly mistake. I did a lot of reading last night about leases, and I think I …
Does this concept (pay huge downpayment and then buy it out to lower sales tax) work even in CA? I read online that CA charges sales tax on the sticker price (MSRP) and does not consider the incentives, rebates, discounts or down payments made.
In general also, I would like to know if CA charges sales tax on the capitalized cost or the MSRP, if I decide to buy out immediately.
Thank you for your help.
I plan on purchasing a PHEV via leasing the vehicle to fully realize the $7,500 credit through a lease rebate because I cannot claim another $7,500 credit this year due to insufficient tax liability, thus an outright purchase is off the table. I have a great relationship with my dealer sales managers - they aren’t sleezeballs, and have given me fair deals several times (especially in this market when other dealers have told me to pound sand). They are fully supportive of me going this route, and…
Having search next car for a while and finally signed this one. Here is the number I got:
MSRP: 474XX
Selling Price: 42700 (9.9% off)
EV Credit 7500
MF 0.00384
Also already got the payoff quota from VW
Based on number the final OOD is around 41k and about 22% off MSRP
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For the tax, VCI calculation is confusing, so VCI will collect part of tax (listed in the quote), and there is another Bill Of Sales listed $176xx as the sales price, which I guess will be the number used by DMV t…
