Federal tax credit & Bolt

LubysLubys 97330Member Posts: 1
edited November 2018 in Chevrolet
Can  you reduce the Federal tax credit from the price of the 2018 Bolt on a lease
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Answers

  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaMember Posts: 64,482
    If you are leasing the vehicle, the tax credit goes to the manufacturer that's offering the lease, not you. The carmaker will likely factor the credit into the cost of the lease to lower your monthly payment, but it isn't mandatory.
  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaMember Posts: 64,482
    E, G, If say the tax credit were $7500, that $7500 could be be reflected in the residual value in the lease agreement (i.e. residual value is raised by $7500, so you pay $7500 less in leasing fees over the life of the lease).
  • MichaellMichaell ColoradoModerator Posts: 206,201
    The lease incentive on the 2018 Bolt is $3500 in Oregon.

    But, the residual is much higher, which is where the real savings is.

    57% for 36/12 on the LT; by comparison, residuals on the Leaf are in the low 30's.

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