I know that this is my first post but I have spent a lot of time on here reading a TON of information.
I know that there is a lot of information on buying vs leasing, but here is my particular situation,
Looking at a 2013 Leaf SL for 26K (Yes, I verified it is the Sl and the price is 26K). I asked the dealer and he stated that the Tax Incentive had not been used and I was still eligible for it. I am looking at trading in my truck for it and the KBB trade in is right at 21K. So here is my math.
26,000 for the Leaf
19,000 trade in (using that number since I know the dealer will never give you the KBB trade in)
(added bonus is that my truck is paid off)
7,000 for the leaf to finance.
When I file my taxes next year I "should" get the 7500 credit basically making the car cost me the total amount of interest I pay from now till I get the 7500 back.
Does my math sound right?
I know that there is a lot of information on buying vs leasing, but here is my particular situation,
Looking at a 2013 Leaf SL for 26K (Yes, I verified it is the Sl and the price is 26K). I asked the dealer and he stated that the Tax Incentive had not been used and I was still eligible for it. I am looking at trading in my truck for it and the KBB trade in is right at 21K. So here is my math.
26,000 for the Leaf
19,000 trade in (using that number since I know the dealer will never give you the KBB trade in)
(added bonus is that my truck is paid off)
7,000 for the leaf to finance.
When I file my taxes next year I "should" get the 7500 credit basically making the car cost me the total amount of interest I pay from now till I get the 7500 back.
Does my math sound right?