Recent content by KERSPWR

The lease company will get the credit ($2500/yr x 3yrs). Thus the lease needs to be at least 3 yrs long. There is no way for you as the lessee to get this directly from the Feds. However, everything is negotiable and you may try to get it credited to the last payments or perhaps reduce the...

I leased it as a standard automotive lease. I am listed as the registered owner on the registration and them the lienholder. No cap cost or any credit for the rebate was given. Ugh!

"The vehicles must be acquired for use or lease and not for resale. Additionally, the original use of the vehicle must commence with the taxpayer and the vehicle must be used predominantly in the United States. For purposes of the 30D credit, a vehicle is not considered acquired prior to the...

I got some troubling information from Mechanics Bank today. I leased my Model S with them about a year ago. A friend who also leased called me to tell me that his accountant discovered that the tax credit was applied to the bank. Yikes, so I called the bank VP and he was stunningly unhelpful...

The Federal tax credit doesn't matter if you lease or buy the car.... you just fill out the IRS form and claim it!

I did a traditional lease with a 3rd party bank (Mechanic's Bank in NorCal). For me it works best to lease my business car. The problem is that they placed the residual value very low making the payments pretty high. This wasn't a problem for me as I almost always buy my business cars after...