Nissan maintains electric vehicle tax credit on leases
Although the Nissan LEAF is still eligible for the maximum federal electric vehicle tax credit, dealer incentive bulletins reveal that the brand does not pass on the full amount to those who choose to lease. Our investigation revealed that the brand had significantly reduced rental contracts when the price of the electric car was reduced last year.
Here in California, the 2022 Nissan LEAF is eligible for $2,100 manufacturer’s lease cash, or just 28 percent of the total $7,500 tax credit. For reference, around this time last year, the biggest discount was worth nearly $13,000. In places like the Southeast and Midwest, Nissan doesn’t offer any leases on the LEAF.
Nissan spokesman Dan Passe said this when asked about the subject: “Nissan offers competitive lease prices in the market. If a customer purchases a 2022 LEAF vehicle, they will be eligible for credit. federal tax total of $7,500. In a lease situation, the tax credit remains with Nissan as the owner of the vehicle.”
Mr. Passe added “NMAC factors the federal tax credit into the cost of the lease, along with other items such as state credits, to provide competitive rental prices, which vary by market. C It’s standard practice in the industry.” Although we know that LEAF rental offers vary by region, the offers are totally different from last year.
Thing is, Nissan’s offerings aren’t nearly as good as they used to be. Like most automakers, Incentives suffered from a severe shortage of inventory. Besides market conditions, it’s also important to keep in mind that prices for the 2022 LEAF have been reduced by up to $4,300 from the 2021 model year.
Still, leasing may not have the same appeal it once did when it comes to the LEAF. Therefore, some may find the EV more to buy than to rent. After all, buying a new LEAF can currently get you the full tax credit provided you qualify, plus promotional finance rates like 0.9% APR for up to 72 months. right now.
To be fair, this isn’t the first time an automaker has decided to keep the lease tax credit to itself. This is the case with the Ford Mustang Mach-E, Kia EV6 and Hyundai IONIQ 5. Depending on your priorities, leasing may not give you the best possible deal even if each of these models is eligible for the full tax credit.
Best EV, PHEV and hybrid car deals