I am helping a friend buy an EV, his tax liability is low, I am recommending leasing to get the full $7500 EV credit via cap cost reduction, I just learned Ford doesn’t pass that for the Mach E, who else does?
We are looking at an SUV, but right now open to options, $45k is the top msrp, is VW passing that for the ID4? any other EVs or plugins that qualify?
Edit: I should have mentioned that he intend to buy the car but lease first to get the $7500, then buy, how soon can that happen after signing lease papers?
There seem to be a few out there, but not many. A couple months after getting mine, I priced out what it would cost to get another. Total cost to lease went up by about $18000. Times change quick.
Honestly its shocking to me that the 4XE Wrangler is still going strong. When I ordered back in June we were certain all of this was going to come crashing down soon. Even after the MSRP increases it remains a solid deal.
So go full EV and get fucked two ways from Sunday to be “green” or take advantage of the full credit, be (partially) green, and drive way more vehicle for less.
So he will buy the car but I am recommending lease to get the $7500 so he can benefit from it otherwise if he finance he won’t take the $7500 benefit, $45k msrp is within his range.
You can look into Polestar, they pass the EV credit as RV increase which makes the leases very competitive from a payment perspective, but not good for flips.
I updated my post, the goal is to buy new car, I am recommending lease to get the $7500 then buy the car, a decent Sahara 4xe is $56k, it’s already $16k more than base ID.4, if his intention is to buy then he’s laying that anyway.