SageBrush said:If Jalopnik, via Automotive News, has the story right, the conclusion that 15% of the EV credit goes to the consumer is just a bit of arithmetic away.
But if it helps, 16.5% to be more accurate. :lol: :lol:
Nubo said:SageBrush said:If Jalopnik, via Automotive News, has the story right, the conclusion that 15% of the EV credit goes to the consumer is just a bit of arithmetic away.
But if it helps, 16.5% to be more accurate. :lol: :lol:
That's not what I got -- the main point seems to be LEAF losing its eligibility for the credit altogether, and Nissan lowering leasing cost to compensate. Am I seeing the wrong story or am I missing something?
Apparently, there is a "commercial lease" (https://www.irs.gov/credits-deductions/commercial-clean-vehicle-credit) loophole for BEVs (maybe PHEVs too) which gets around all the assembly, battery minerals and battery components restrictions.Flyct said:THE FEDERAL TAX CREDITS FOR ALL NISSAN EVS ARE GONE AS OF 4/18/2023. THERE IS NO TAX CREDIT THAT NISSAN CAN PASS ON.
GerryAZ said:The article does not mention whether they also reduced the MSRP cash price or offer other purchase incentives to be more competitive.
The opposite: No EV credit for purchases, full EV credit on leases to Nissan.I read the article as Nissan lowering the monthly lease payments on the LEAF because it no longer qualifies for the Federal tax credit.
Flyct said:THE FEDERAL TAX CREDITS FOR ALL NISSAN EVS ARE GONE AS OF 4/18/2023. THERE IS NO TAX CREDIT THAT NISSAN CAN PASS ON.
LeftieBiker said:I guess that sometimes simple math isn't so easy.
DougWantsALeaf said:Knight, I agree with you. I think we are still in a case of EV demand outstripping demand...though only modestly now. The Leafs at our local Nissam are still turning, so I think it's going to take a bit further shift before Nissan gets more generous with sharing the Lease subsidies from the government.
knightmb said:they would let you lease a Leaf for 1 month with the ability to buy and apply the rebate to some extent to make the price lower right away instead of the consumer trying to do it through tax time.
SageBrush said:https://jalopnik.com/nissan-lowers-leaf-lease-price-after-new-ev-tax-credit-1850357708
Riiight
I'm sure consumers will be thrilled. NOT
WetEV said:SageBrush said:https://jalopnik.com/nissan-lowers-leaf-lease-price-after-new-ev-tax-credit-1850357708
Riiight
I'm sure consumers will be thrilled. NOT
Looks like tasty FUD to me. Really nicely done, Sage. I'm impressed.
Title seems to me to be incorrect. Lease to purchase at fixed price isn't allowed. So only the lease payments matter. You are just renting a car, you can't buy it for a fixed price at end of lease. That's not allowed, assuming I'm reading the law correctly. I might be wrong, I am not a lawyer. (edit. I probably am wrong. I'd bet Hyundai's lawyers checked this.
https://www.hyundaiusa.com/us/en/build/summary/#/48512C6G0N0
Gives a fixed purchase price at end of lease.)
If I compare the Nissan Leaf lease rate with the Chevy Bolt lease rate, the lease cost seems more equal than the MSRP. (Edit, both of these are no fixed purchase price at lease, so is a fair comparison)
10,000 miles, $1000 down, 36 months, top credit.
Bolt from Chevy's page is $465/month
https://www.chevrolet.com/electric/shopping/configurator/model?designCode=&make=chevrolet&model=bolt-ev&radius=250&year=2023&zipCode=98233
LEAF from Nissan's page is $351/month
https://www.nissanusa.com/shopping-tools/lease-finance-payment-calculator/all/nissan-leaf/2023/nissan-leaf-s-40-kwh-lithium-ion-battery/17013
Default models and options, of course you would want to compare what you want/need rather the the defaults.
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