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KeepItReal

(7,770 posts)

8. The $7500 tax credit CAN be applied to a Lease, though

Reply to rurallib (Reply #1)

Sun May 3, 2015, 02:17 PM

May 2015

The price of the vehicle would be reduced by any tax credits, since the Leasing Company is the owner of the vehicle.

This is how folks were able to get lease deals on brand new Fiat 500e for $82 a month.

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GM cuts 2016 Volt plug-in hybrid car price by almost $1,200 [View all] Omaha Steve May 2015 OP

Steve - do you know how the tax credit works? rurallib May 2015 #1

Correction: It is not applied to the purchase price Omaha Steve May 2015 #2

No, it's a tax credit. See my other post. PSPS May 2015 #4

It's a tax credit, not a rebate or other reduction on the car's cost. PSPS May 2015 #3

The $7500 is a federal tax credit not a reduction of the price of the car. LiberalArkie May 2015 #5

Ah! Surely the dealer will be able to help me understand rurallib May 2015 #6

The $7500 tax credit CAN be applied to a Lease, though KeepItReal May 2015 #8

I'll buy one........just as soon as I manage to pull the rest of the $33,994 dollars out of my butt. cstanleytech May 2015 #7

You'd save $$ on a lease with tax credits, though. KeepItReal May 2015 #9

Check out the used versions of the Volt Kelvin Mace May 2015 #14

Right now I'm struggling just to have enough gas money but nonetheless cstanleytech May 2015 #18

Sorry, Kelvin Mace May 2015 #20

Oh dont worry I am not offended and the info could come in handy for others. nt cstanleytech May 2015 #24

Cool Kelvin Mace May 2015 #25

Since my federal tax liability is a lot less than SheilaT May 2015 #10

GM says 50 miles in all-electric mode and around 400 miles range total KeepItReal May 2015 #11

400 miles before eeding the battery recharged? SheilaT May 2015 #12

50 miles on battery Kelvin Mace May 2015 #15

You can buy Unca Jim May 2015 #13

Yes, i picked up a 2012 SL Leaf Kelvin Mace May 2015 #16

It is a nice looking car davidpdx May 2015 #17

Unfortunately, GM has said they will not Kelvin Mace May 2015 #21

GM has a division here in Korea davidpdx May 2015 #23

That's a shame ... Nihil May 2015 #27

I don't know why other than it didn't do well in the EU or Australia Kelvin Mace May 2015 #28

Boy, that is Tempting eringer May 2015 #19

Electric cars and the Volt Kelvin Mace May 2015 #22

I almost bought a Vilt 18 months ago. AngryAmish May 2015 #26