Federal tax credit & Bolt

Answers

• Mr_Shiftright Member Posts: 64,481

  November 2018

  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.

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• Mr_Shiftright Member Posts: 64,481

  November 2018

  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).

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• Michaell Moderator Posts: 270,507

  November 2018

  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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