Thanks Ron. What I was responding to was your statement:RonDawg wrote:Two senior posters have advised me of this, but Edmunds.com has this to say:jlsoaz wrote:That doesn't sound exactly right (as to the tax break not applying for other lessors) but I'll keep an open mind, I've never been entirely sure of how that break works for all of the entities leasing out the new vehicles.
Source: http://www.edmunds.com/fuel-economy/the ... edits.html" onclick="window.open(this.href);return false;If a vehicle is being leased, the credit stays with the leasing company, which is the actual owner of the car or truck. In most cases, however, the tax credit has been factored into the cost of the lease, so the customer still benefits. Lease programs for the Chevrolet Volt and Nissan Leaf, for instance, include the $7,500 as a credit toward the down payment.
Nissan and GM, through their respective financing companies, have elected to pass all of the $7500 credit to the consumer. But not all lessors do, and IIRC Toyota does not do so for the RAV-4 EV for example.
As far as I know (and of course I could be wrong), all lessors get the credit.RonDawg wrote: I suspect most Leafs leases are with NMAC, but that is mostly due to the the $7500 Federal tax break which (I have been told here) would not apply with other lessors.
As to the separate question of what portion of it they pass along, that is difficult to assess in an exact way, but I agree that not all lessors pass the full amount along (nor should we expect they all would). In fact, neither Nissan nor GM seemed to pass much (if any) along when they first started selling and leasing their vehicles, but (in my view) as time passed and they realized the vehicles weren't going to fly out the door, they realized (I think) that they had to put aside their inclinations to charge according to the notional MSRP that had the government money built into it, and instead provide good, and much more realistic, leasing terms.