As the leasor, you can't claim the credits. But Toyota can (at least the Federal credit), and that should be reflected in a reduced lease rate.
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My take was that Toyota was not willing to take the risk that the tax credit would be there when they went to file their taxes at the end of the year. They give you the credit, and then they have to file on their taxes at the end of the year. If Toyota has a tax loss for the year, then perhaps they can't claim it!
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I believe you meant Leasee.. Normally the leasor (toyota) gives the Leasee (you) the credit in the form of a cap reduction on the front end of the lease.
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I believe you meant Leasee.. Normally the leasor (toyota) gives the Leasee (you) the credit in the form of a cap reduction on the front end of the lease.
DrTaras
R254->R725->S->X->M3->M3P-->R2020?
gg_got_a_tesla
Model S: VIN 65513, Model 3: VIN 1913
What if NADA purposely holds back from listing the Model S given their lawsuits against Tesla? Just saying...
FalconNinetyD
Active Member
A quick update for those still interested in this issue:
- My local Toyota dealer in So Cal has received their ERAV4 terms and they will pass on the federal/state credit via the lease.
- A recent call to Tesla HQ revealed that Tesla is looking to release the terms of their lease package (partnering with some financial institution) in the first quarter of 2013.
- My local Toyota dealer in So Cal has received their ERAV4 terms and they will pass on the federal/state credit via the lease.
- A recent call to Tesla HQ revealed that Tesla is looking to release the terms of their lease package (partnering with some financial institution) in the first quarter of 2013.
DrTaras
R254->R725->S->X->M3->M3P-->R2020?
Swear I was thinking the same thing after I read that article about the lawsuit(s)!
Anyone have an update on this? I'm sitting on my confirmation to finalize my tesla b/c I really want to lease it. I can finalize it, but if there are no options to lease the car by the time they deliver (feb/march), then I'm stuck purchasing the car which I don't want to do.
Anyone have any ideas?
Anyone have any ideas?
NigelM
Recovering Member
Personally I think there is little chance that a lease program will be in place by Feb/March. Tesla has this financing deal in place but if that's not an option for you, I think I'd take a deferral.
I assume nothing new has come out with this, right?
Still on the fence and I have to figure out whehter or not I want to configure mine or just wait until I know the lease is coming up. They said that if I defer and then order later, it would be about 60-90 days until that orders get finalized and complete.
Still on the fence and I have to figure out whehter or not I want to configure mine or just wait until I know the lease is coming up. They said that if I defer and then order later, it would be about 60-90 days until that orders get finalized and complete.
I am in a similar boat with you - holding off for the lease but more in the hope of upgrading to a larger battery pack.
I spoke with a different specialist this week (same person who contacted me to finalize my order), and he said they could not guarantee the leasing plan would be announced by Q1/2013 and recommended the deferral. A non-update. I think the next update we will get will be on the quarterly call in November.
Thanks for this! I've been with PFCU for decades and had no idea. As of now they still don't have the payment saver loan for Tesla but I'll keep watching.
Bamashrink
Member
Slightly Different...
I was told by a PenFed rep that the Tesla won't be considered for this loan plan because it is considered a "Smart Car", which doesn't fall into their rules. Had the rep speak with an underwriter to verify. So sounds like we're all getting conflicting stories.
I was told by a PenFed rep that the Tesla won't be considered for this loan plan because it is considered a "Smart Car", which doesn't fall into their rules. Had the rep speak with an underwriter to verify. So sounds like we're all getting conflicting stories.
Bamashrink
Member
Given there are no Tesla dealers and Tesla's icy relationship with NADA, I wouldn't expect NADA to ever list a residual for the Model S.
