I just leased a Leaf Yesterday and I'm kind of confused about something regarding the rebates. Upon leasing the car, I was given a "Nissan" rebate of $9775.00. When I asked the finance manager if that somehow intercepts my IRS tax credit he said "NO". He said any government tax incentives or state rebates are separate and I can file those separately. Not believing this can be true, I also asked my sales man who also just recently leased a Leaf and he said he plans on claiming his car to the IRS this tax year. So is this true? Nissan is giving me a $9975.00 rebate, AND I can claim my Leaf to the IRS for a $7500.00 credit (my tax liability is much larger than this, so I should get full credit). AND I can submit a rebate request to the California Sustainable Energy Commision. I didn't sign anything that showed they are taking any money from my Taxes. I didn't sign anything for them to claim my refund from the California Sustainable Energy Commission.
If they ARE taking those monies.. the total should be $10,0000, not $9775.00 which would mean that Nissan is collecting 225.00 of my tax credits and rebates. The California Rebate is $2500.00 not "up to" 2500.00. And with my income and Tax Liability.. I should be eligible for the entire $7500.00 credit. Again.. when I brought this up during the purchase.. they told me I can still file for those credits and rebate. Is this true? If true.. on a lease.. if I used all my rebates and tax credits.. it basically makes my payment for me for the entire length of the lease term. Can't be true.. is it?
If they ARE taking those monies.. the total should be $10,0000, not $9775.00 which would mean that Nissan is collecting 225.00 of my tax credits and rebates. The California Rebate is $2500.00 not "up to" 2500.00. And with my income and Tax Liability.. I should be eligible for the entire $7500.00 credit. Again.. when I brought this up during the purchase.. they told me I can still file for those credits and rebate. Is this true? If true.. on a lease.. if I used all my rebates and tax credits.. it basically makes my payment for me for the entire length of the lease term. Can't be true.. is it?