TRUCK
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Most OEM's have allowed leasing with buyouts on their EV's since the tax law changed in, what, 2022? Commercial EV's qualify for a $7,500 incentive under the IRA regardless of price. So a captive or non-captive leasing transaction is a B2B sale which qualifies for the $7,500 commercial EV credit - most leasing companies pass a good chunk of this along to customers either through inflated residuals, lower upfront payments, etc. The rub is there are always lease initiation and disposition fees. Now that Tesla allows lease buyouts, as pretty much every other OEM does, the exception is available to use by anyone - same as if you leased an F150 lightning, Hummer EV, Lyriq, EV9, etc.
at most you'll have one month's interest to pay on the lease. Even if it's $100-200, you'll easily save over $6,000 vs. paying cash upfront. Of course, if you're purchasing as a business vehicle, then you can likely claim the entire $7,500 and don't have to lose the lease fees. I'm no tax professional, but the code seems very clear here and I have claimed the commercial $7,500 credit on a prior purchase.
Yes, DennisCW was with a guy from his YT channel and he took delivery of a cybertruck with a Chase lease and had the option to buy out almost immediately and received the full 7500 rebate without paying all the payments. The only two that were verified was the tesla and chase leases that are allowing the buyout. That was as of a week ago.
Ahh well, I bought mine outright, i guess ill just swallow the savings.
not sure where you perceive the risk, like other leases there is no obligation to purchase and the tax precedent is well established by virtually all other automakers selling EVs. Whatever works for you.
I guess risk is the wrong word, other than securing financing for the remaining principal. But that is straight forward. I guess it Seems like a lot of work for the same result, and I find it a tad unscrupulous, but you’re right, it’s the way of things. I guess you all are paying for each others CTs now ?
I feel your risk assessment, and my only experience with a standard lease on a BMW was not pleasant, but I was turning it in after the 24 mo period.I guess risk is the wrong word, other than securing financing for the remaining principal. But that is straight forward. I guess it Seems like a lot of work for the same result, and I find it a tad unscrupulous, but you’re right, it’s the way of things. I guess you all are paying for each others CTs now ?