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comment by steve
steve  ·  192 days ago  ·  link  ·    ·  parent  ·  post: Pubski: January 10, 2018

OOOooOOOOooooo.... I like the sound of those words... I will research!


WanderingEng  ·  191 days ago  ·  link  ·  

It apparently qualifies for the $7500 federal tax credit. I haven't figured out when the credit applies. Best I can tell, it's when filling one's taxes, meaning I wouldn't see that cash until next year in April. That also means either shelling it out now or financing it. I might have to ask someone more knowledgeable to verify.

steve  ·  191 days ago  ·  link  ·  

I think you’re spot on. One of the reasons I leased a leaf when I did is because when you do, Nissan recognizes the rebate immediately, and the price reflects that. At the time, the lease rate was effectively zero, and the post-lease sale price was higher than it should have been - so the delta between the price and the buyout was so small that the payments were ridiculously low. The best part was - they assumed the resale would be MUCH higher than it was, so they took a bath on the thing. I could have bought it for almost nothing at the end of the lease... but that’s another story for another day.

Your mileage may vary - pun intended - but yah... all tax breaks come in April of the following year... and you better hope you’ve got a tax bill of more than $7500 or you may see nothing of it.