I want to lease a 330e or a 530e and can’t figure out what happens to the ~$5,800 federal tax credit? From my research it goes to the title holder (bank), so wouldn’t some of it come back through if dealers want to unload them?
On a Lease:
- It goes to the bank. Period
- It doesn’t get forwarded to the dealer.
- Sometimes the Banks have ‘incentives’ that look like the Federal credit and offer that to the dealer, but not guaranteed.
Ex : Kia kept the Federal Credit on Niros EV’s for almost 2 years before ‘passing it’ forward in the form of a 10k incentive.
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Like mentioned above - on a lease, the bank (lessor) may decide to pass through all, some, or none of the federal credit. Varies by make/model also. It’s their asset (purchase) at the end of the day.
The other alternative is to buy it, and then the buyer can claim the federal credit.
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In certain states in a twist on purchasing, there may be guaranteed value balloon loans, like Audi Premier purchase, or BMW Owner’s Choice. You’d be eligible for FS incentives, and the federal or state credits!
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