[longshot21771]

Is there any tax breaks if you lease a bolt?

 

[The Other Tom]

The owner of the car gets the tax credit, in this case, the finance company. Sometimes they will return the credit in the form of a higher than normal residual, or as a discount on the capital cost. Note that the federal tax credit expires March 31 of this year.

 

[ZoomZoom]

You don't get the credit for renting the car. It's a purchase credit only.

 

[TimBolt]

Well, it depends upon what GM is doing with the $1875 federal tax credit they are getting for every Bolt they lease through 3/31.

You won’t see a line item anywhere on a lease agreement listing that amount, but its likely that at least some of it is reflected in the lease incentives and/or the lease residual values.

How much, if any, is anyone’s gues.

 

[tangolima]

You don't get the federal subsidy by leasing. At most the leasing company would be kind enough to factor it in the deal.

Depending on which state you reside in, you may get the state subsidies, regardless leasing or purchasing. I believe we can still get $2500 in California. Some politicians in Sacramento are even proposing to raise it to $5000, in light the tapering off of the federal subsidies.

-TL

Sent from my SM-N960U using Tapatalk

 

[TexBolt]

In Texas, you must actually purchase the BEV to get the TX state $2500 rebate. Leasing, renting or borrowing a car don't cut it.

 

[LightningMcSpleen]

You won't be eligible for the federal tax credit, but there might be other incentives depending on where you are. For me there's a PG&E Rebate for $800 and $2500 from CA. Both apply to leased vehicles as well as purchased vehicles. Some municipalities have their own rebates/discounts/promotions.

Alternative Fuels Data Center: Search Federal and State Laws and Incentives

afdc.energy.gov

The same site has state-specific pages. For example:

Alternative Fuels Data Center: California Laws and Incentives

afdc.energy.gov