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 indicating that they had likely already or intended to process my Federal Tax Credit as well. I informed them that was "not possible" as the rebate applies to the user/driver and the registered owner (me) not the lien holder. I informed them they couldn't possibly attest to the user requirement as they had never used or seen my car. They in effect told me to "pound sand" and stood by the opinions of their attorneys and CPAs. Well that has got me riled up a bit and I was wondering if anyone else has encountered such a brazen grab. There is no credit to me in the lease docs or any mention of them being beneficiaries of this. It is beyond sneaky to be first to the IRS and grab this. The IRS summary clearly says that it applies to lessee or buyer.
Anyone else encountered this? Advice? Am I missing something?
thx
Anyone else encountered this? Advice? Am I missing something?
thx