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How does the federal EV tax credit work on a lease?

When you lease an EV, the leasing company owns the vehicle and claims the $7,500 commercial clean vehicle credit. The IRS requires lessors to pass this benefit to consumers in the form of a lower capitalized cost. This is advantageous because the lease credit does not have the same income limits or vehicle price caps that apply to retail purchases. It is one reason leasing an EV often makes more financial sense than buying.

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The experience was great working with Dave and his team. I hate buying cars but this changed it for me - Thanks everyone!

The experience was great working with Dave and his team. I hate buying cars but this changed it for me - Thanks everyone!

Michael Fonseca

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We purchased a 2026 Volvo through the Vantage Group. From the first contact with David every interaction was done with the utmost professionalism. David kept us up to date during our search which involved several changes. I thoroughly recommend this group and will tell my friends to take advantage of David and his group.

We purchased a 2026 Volvo through the Vantage Group. From the first contact with David every interaction was done with the utmost professionalism. David kept us up to date during our search which involved several changes. I thoroughly recommend this group and will tell my friends to take advantage of David and his group.

don moscato

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Debbie is a lifesaver. She took the time to understand my situation and helped me figure out how to extend my lease, something no dealership had explained to me. What stood out most was that she helped me purely out of genuine kindness, even after realizing I wouldn’t be able to give her any business right now. Because of her guidance, I was able to solve my problem by extending my current lease. If I hadn’t spoken to Debbie, I would have never known this was even an option. She truly restored my faith in people. I’ll absolutely be sending friends her way, and when I’m ready to get another car in a few months, she’s the only person I’ll go to.
Debbie is a lifesaver. She took the time to understand my situation and helped me figure out how to extend my lease, something no dealership had explained to me. What stood out most was that she helped me purely out of genuine kindness, even after realizing I wouldn’t be able to give her any business right now. Because of her guidance, I was able to solve my problem by extending my current lease. If I hadn’t spoken to Debbie, I would have never known this was even an option. She truly restored my faith in people. I’ll absolutely be sending friends her way, and when I’m ready to get another car in a few months, she’s the only person I’ll go to.

Jinal Shah

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Had a wonderful experience working with Vantage and Dave A. in particular. Dave came as a referral from a neighbor and he was very straightforward and helpful throughout the entire process. Once I decided to move forward with a lease, Dave was super efficient and we got everything done within a few days!

Had a wonderful experience working with Vantage and Dave A. in particular. Dave came as a referral from a neighbor and he was very straightforward and helpful throughout the entire process. Once I decided to move forward with a lease, Dave was super efficient and we got everything done within a few days!

Kevin Huang

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I just got my 3rd car through Vantage Auto. The process has always been seamless. I've mostly worked with Sarah and she's always very responsive. She finds out what we want and our approximate budget and is quick to tell me what my options are - including some out of the box ideas. She's able to find good deals on cars we may not have previously considers. Sarah coordinates everything including test drives, picking up your old car, and delivering the new car. I've been very happy with the service I've received from Vantage and highly recommend them for your car shopping needs.

I just got my 3rd car through Vantage Auto. The process has always been seamless. I've mostly worked with Sarah and she's always very responsive. She finds out what we want and our approximate budget and is quick to tell me what my options are - including some out of the box ideas. She's able to find good deals on cars we may not have previously considers. Sarah coordinates everything including test drives, picking up your old car, and delivering the new car. I've been very happy with the service I've received from Vantage and highly recommend them for your car shopping needs.

Josh Sobin

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I had a great experience with Vantage. From start to finish the process was seamless and quick. My salesperson Mark Viegas was great and very professional. I would recommend him and Vantage to anyone looking to by a new car.

I had a great experience with Vantage. From start to finish the process was seamless and quick. My salesperson Mark Viegas was great and very professional. I would recommend him and Vantage to anyone looking to by a new car.

Brian Dorst

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My car was delivered right to my house - it’s just what I asked for - Tom went out of his way to locate the vehicle I was interested in. No haggling at the dealership - everything was taken care of and signing paperwork online was easy. I’m very happy with the process and efficiency of Vantage. Tom even brought toys and treats for my cats !! Thanks so much

My car was delivered right to my house - it’s just what I asked for - Tom went out of his way to locate the vehicle I was interested in. No haggling at the dealership - everything was taken care of and signing paperwork online was easy. I’m very happy with the process and efficiency of Vantage. Tom even brought toys and treats for my cats !! Thanks so much

J Marie

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I had an absolutely amazing experience with David and Jess at Vantage Auto Group. They got me the exact car I wanted at the best possible price—and did it all within a day. The entire process was seamless, stress-free, and incredibly efficient. From start to finish, everything was handled with professionalism and transparency, and the delivery was so effortless it almost felt too easy. I couldn’t be happier and highly recommend!

I had an absolutely amazing experience with David and Jess at Vantage Auto Group. They got me the exact car I wanted at the best possible price—and did it all within a day. The entire process was seamless, stress-free, and incredibly efficient. From start to finish, everything was handled with professionalism and transparency, and the delivery was so effortless it almost felt too easy. I couldn’t be happier and highly recommend!

Melissa Salerno

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Great service! Sean worked with me over a couple of weeks to get a car that fit my budget and that I love. They delivered the car right to my house with a full tank of gas, signed some paper work and I was done. 100% would recommend.

Great service! Sean worked with me over a couple of weeks to get a car that fit my budget and that I love. They delivered the car right to my house with a full tank of gas, signed some paper work and I was done. 100% would recommend.

Peter Foltz

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