Buying an EV? Lease to Finance ?

Hey so I’m looking at getting an EV but noticed a lot of ineligible tax credit models give you the credit in the lease as a cash reward/rebate? Would it be possible to lease the vehicle then immediately buy it out ? If I’m doing this does the terms of said lease even matter when doing that initially ?

Posted Mar 27, 2023, 7:29 PM UTC

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AutoModeratorMOD•

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Hey so I’m looking at getting an EV but noticed a lot of ineligible tax credit models give you the credit in the lease as a cash reward/rebate? Would it be possible to lease the vehicle then immediately buy it out ? If I’m doing this does the terms of said lease even matter when doing that initially ?

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VeeAyt•

Which vehicle brand?

You should realize that a number of EV manufacturers have discontinued lease buyouts so this strategy wouldn't work regardless.

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Source-VastOP•

Volvo (they certainly allow lease buyouts) but yes I am aware some are not anymore.

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