LakeLeaf
Well-known member
garygid said:You buy the LEAF, lease it to the "other person", and eventually (after 3 years), sell it.
Would that allow you to keep the CA $5000 Rebate, if the car continued to be registered in CA?
From my understanding - sort of.
First - I believe that you have to lease the car through an official car leasing/sharing company. They require that the renter have insurance in order to rent the car - or they make a few bucks selling that multi-thousand dollar a year rental car type insurance. The car continues to be registered in your name, not the renters name or the rental company name.
I think the intent is for car sharing type arrangements - let people borrow you car but pay you for it and provide their own insurance for when they are driving your car.
It doesn't seem like such a stretch for a single person to rent your car from you for three years and then at the end of the three years, you could sell it to that person. That way - no issues with the CA rebate or the Fed credit. If the rental rate into your pocket is more then your payments, I guess you could make some money, while the renter gets a brand new car to rent for 3 years and then buy - essential their car even though (rather then a bank) owns the car.
Anyway - about the only mechanism that I've seen that might make even the slightest bit of sense - if it would all work the way it sounds.