I leased a Mach E recently and received a letter in the mail from Ford Credit stating the sales/use tax was incorrect, and my payment would be cheaper than originally stated. However, I’m not sure why.
Here is my original LH calculator with incentives in the taxed category.
I leased the vehicle from a dealership in Ohio and I live in Michigan. The vehicle was shipped and delivered to me in Michigan. The new numbers line up if you move the incentives from the taxed to untaxed category. Did this happen because I leased it out of state?
The incentives were the following:
- $7500 lease incentive (I guess this is the EV tax loophole by leasing)
- $2750 bonus cash for Ford employees
- $11600 bonus cash which was VIN specific. Weird thing where Ford didn’t decrease the MSRP on some specific vehicles, so they got this bonus cash instead.