MsElectric
Active Member
My rep just told me the $7500 is discounted over the 36 months of the lease. So, theoretically, the lease should be $208.33 less expensive per month than a comparable lease.
That does not seem to pan out though as stated. Unless they inflate the money factor to "make up" for the "discount." The Mercedes S Class lease I quoted earlier in this thread is for a car with a higher retail price but that lease is less both for money down and the monthly lease payment, without factoring in any $7,500 credit.
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with the BMW i3 lease, they give you the 7500 back towards cap cost reduction...
As it should be. IMHO this is the only honest and transparent way to handle the $7,500 credit. It should be a cap. cost reduction so you have the benefit of it for the duration of the lease as well as if you decide to buy the car at the end of the lease. Also it makes the credit transparent. I have never been able to get a straight answer from Tesla where the math adds up on how they apply the credit.
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You are assuming that the lease company has a tax liability that they can use the tax credit, and you can't carry it forward. Tesla is not paying taxes. B of A in their leases may not be able to use the credit either. The tax credit was made for individuals to benefit from, not corporations with sheltered assets and losses.
It's irrelevant in the sense that any entity that leases the car is eligible for the rebate, corporations included. Furthermore you are not leasing directly from Tesla but from the bank that provides the funding for the car. I don't know of a bank that does not make a profit so the bank is eligible to claim the tax rebate.