To negotiate for the tax credit to be applied to your lease, follow these steps:
1. Understand the Tax Credit Eligibility
Ensure that the electric vehicle you are leasing is eligible for a federal tax credit, which is up to $7,500 for leased EVs. This credit typically benefits the lessor, but some dealerships pass it to lessees as an incentive.
2. Review the Lease Agreement
Before finalizing the lease, review the contract to ensure it includes any mention of the tax credit being applied. If it’s not mentioned, you need to negotiate for it.
3. Negotiate with the Dealer
- Request Inclusion of Tax Credit: Politely ask the dealer if they can include the tax credit in your lease terms. This could be in the form of lower monthly payments or an upfront discount.
- Be Prepared to Walk Away: If the dealer is unwilling to include the credit, be prepared to walk away. Many dealers are willing to pass this credit along to lessees, so there may be other options available.
4. Shop Around
Research different dealerships and compare their offers. Some may already include the tax credit in their stated lease terms, making it easier to find a good deal.
5. Work with a Professional
Consider consulting a financial advisor to understand how the tax credit impacts your lease and ensure you maximize your savings.
By following these steps, you can effectively negotiate for the tax credit to be applied to your lease, potentially saving you money on your electric vehicle lease.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-i-negotiate-for-the-tax-credit-to-be-applied-to-my-lease/
