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EV Tax Credit loophole for leased vehicles

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Old Dec 31, 2022 | 01:07 PM
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EV Tax Credit loophole for leased vehicles

I guess some people in Congress wanted to drive around in a luxury EV and still take advantage of the old EV Tax Credit even though it was supposed to expire.

https://www.greencarreports.com/news...-made-overseas
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Old Jan 18, 2023 | 10:11 AM
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Apparently this loophole is real. MB is now offering $7500 "bonus cash" on leases for the EQS Sedan and the EQB SUV which do not qualify for the $7500 tax credit if they are purchased outright.
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Old Jan 18, 2023 | 11:28 AM
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Originally Posted by fgwinn
Apparently this loophole is real. MB is now offering $7500 "bonus cash" on leases for the EQS Sedan and the EQB SUV which do not qualify for the $7500 tax credit if they are purchased outright.
This is true, i got a $7500 off MSRP
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Old Jan 18, 2023 | 01:54 PM
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can you lease a car, apply the 7500 then buy out the lease next day?
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Old Jan 18, 2023 | 02:47 PM
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Originally Posted by maazymaaz
can you lease a car, apply the 7500 then buy out the lease next day?
No where it said you can’t. I plan to buyout my SUV once the lease is up.

MB also have a special where they pay three months of your lease up to $7500.

Mercedes-Benz Lease Specials Available | FJ Motorcars Newport Beach (fjmercedes.com)

Last edited by 23-EQS580-SUV; Jan 18, 2023 at 04:30 PM.
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Old Jan 18, 2023 | 03:30 PM
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explain the special, i do not understand. Is that upfront?
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Old Jan 18, 2023 | 03:46 PM
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Originally Posted by maazymaaz
can you lease a car, apply the 7500 then buy out the lease next day?
As long as you pay the residual value plus all of the interest and other charges. At that point you might as well buy the car and get the tax credit. Would be cheaper than all the interest charges
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Old Jan 18, 2023 | 03:47 PM
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Originally Posted by maazymaaz
explain the special, i do not understand. Is that upfront?
they are taking 7500 off the car. Almost like a 7500 fleet rebate.
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Old Jan 18, 2023 | 04:03 PM
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this car no longer qualifies for the tax credit for purcahses
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Old Jan 18, 2023 | 04:28 PM
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Mercedes-Benz Lease Specials Available | FJ Motorcars Newport Beach (fjmercedes.com)
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Old Jan 18, 2023 | 06:18 PM
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Originally Posted by maazymaaz
explain the special, i do not understand. Is that upfront?
Yes this is upfront. My EQS MRSP $139,245. -$7500 so $131,745 was the price of the lease plus all the other craps added on to it.
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Old Jan 18, 2023 | 07:18 PM
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This loophole bypasses the price cap on the car and the income cap as well? I guess since the discount is being taken off the lease by the dealership, there’s no way for the government to verify your income but what about the vehicle price? I’ve never leased a car before but if this is still around when the EQG comes out, that would be nice!
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Old Jan 18, 2023 | 09:30 PM
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Originally Posted by cerie
This loophole bypasses the price cap on the car and the income cap as well? I guess since the discount is being taken off the lease by the dealership, there’s no way for the government to verify your income but what about the vehicle price? I’ve never leased a car before but if this is still around when the EQG comes out, that would be nice!
Don't count on the loophole being around too long. Scroll down to the end of the page at this link.

https://www.forbes.com/wheels/advice...-credit-lease/
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