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Rebate & Tax Credit Impact on Purchase vs Lease

Discussion in 'Nissan/Infiniti Hybrids and EVs' started by fastring, Apr 23, 2010.

  1. fastring

    fastring Junior Member

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    I'm interested in folks guesses on how Nissan will deal with the federal tax credit and state rebates. I'm no expert, but from what I have heard/read:

    1. Lease
    As the owner, Nissan (its lease company) will receive the federal $7500 credit but will pass that amount to you as an incentive, so you get a lease payment that reflects a car that is $7500 less than starting price. That gets the payment to the $349 number.

    Question: What about the CA and other state incentives? Will the $5k in CA go to Nissan (its lease co) or to the person leasing it? If to Nissan, will they pass that $5k on to lower the lease from $349 to TBD?

    2. Purchase
    Sounds like its MSRP and you get or dont get it back on taxes later.

    Question: Think Nissan will offer balloon payments so that buyers can finance $33k - $12.5k (CA) as a $20.5k payment with a $12.5k balloon payment due at month 13 or something? That sure would help.

    Cost is a big factor in my decision, I really like the concept and would like to support Nissan in this and hope they coordinate the rebates/credits more.
     
    #1 fastring, Apr 23, 2010
  2. mxp

    mxp New Member

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    A big { BUMP } for this thread.

    This is a great question, as it lends to the "should i buy versus lease" debate.

    I am interested to see some answers to the OP's questions so, please, could someone knowledgeable help with this?

    Thanks in advance...:cheer2:
     
    #2 mxp, Apr 24, 2010
  3. JimN

    JimN Let the games begin!

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    Claim the EV credit on IRS Form 8936. The owner is entitled to the credit. If the vehicle is leased the leasing company gets the credit. Will Nissan reduce the lease price of the car? I don't know. Ask them. IMO Nissan shouldn't do anything unless they have trouble selling the car.
     
    #3 JimN, Apr 24, 2010
  4. bedrock8x

    bedrock8x Senior Member

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    In Form 8936, clearly stated that only the leasor, not the leasee, will get the tax credit.
    Nissan has nothing to do with the tax credit. Hope the leasing company will calculate the payment base on the reduced price after the tax credit.
     
    #4 bedrock8x, Apr 24, 2010
  5. evnow

    evnow Active Member

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    Nissan has clearly stated that $349 is after taking the rebate into account. Basically, with lease, they are giving the benefit of tax rebate upfront.

     
    #5 evnow, Apr 24, 2010
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