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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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Had an Amazing experience with Vantage Auto Group & David Alessio! This was the first time using them. I didn’t have a clear Idea of a car we wanted but needed to stay inside a budget. I was referred by a friend to not waste my time with going to multiple dealership to play the negotiating games. David gave us some recommendations, did some pricing and then came back with an amazing find and deal right under budget. 24 hours later they delivered the car, I signed the paperwork & everything was seamless. They returned my old lease and plates to DMV. Door to door service with no hassle or dealership games. Will def use again in the future! Thank you again!

Had an Amazing experience with Vantage Auto Group & David Alessio! This was the first time using them. I didn’t have a clear Idea of a car we wanted but needed to stay inside a budget. I was referred by a friend to not waste my time with going to multiple dealership to play the negotiating games. David gave us some recommendations, did some pricing and then came back with an amazing find and deal right under budget. 24 hours later they delivered the car, I signed the paperwork & everything was seamless. They returned my old lease and plates to DMV. Door to door service with no hassle or dealership games. Will def use again in the future! Thank you again!

frank farella

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This was the best experience i've had in buying a car. it was painless, easy and i know i got a good deal. Thank you Elka for making buying a car a great experience and one I no longer dread.

This was the best experience i've had in buying a car. it was painless, easy and i know i got a good deal. Thank you Elka for making buying a car a great experience and one I no longer dread.

Orly Steinberg

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Makes buying a car easy and hassle free.

Makes buying a car easy and hassle free.

Stefani Klaskow

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Such a wonderful experience with Sean and his team at Vantage Auto Group. Imagine not having to sit at a dealership for several hours. That alone is worth the 5 star review. Add to that how knowledgeable Sean is, how he actually wants to get you the best deal, and how little stress you'll experience throughout the entire process, and 5 stars just aren't enough. I would recommend Vantage Auto Group to anyone!

Such a wonderful experience with Sean and his team at Vantage Auto Group. Imagine not having to sit at a dealership for several hours. That alone is worth the 5 star review. Add to that how knowledgeable Sean is, how he actually wants to get you the best deal, and how little stress you'll experience throughout the entire process, and 5 stars just aren't enough. I would recommend Vantage Auto Group to anyone!

Lisa

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I am a 79 year old man. So by this time I have had plenty of cars and dealings with car salesmen/brokers. Vantage Auto Group is far above the rest. Their responsiveness and aim to please the customer is incredibly rare. I would recommend them to anyone interested in buying or leasing a vehicle,

I am a 79 year old man. So by this time I have had plenty of cars and dealings with car salesmen/brokers. Vantage Auto Group is far above the rest. Their responsiveness and aim to please the customer is incredibly rare. I would recommend them to anyone interested in buying or leasing a vehicle,

Martin Blaustein

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David Wagoner was referred to me by a co-worker. All I can say is wow. We were under a tight timeline to purchase a vehicle, and from our initial interaction late Thursday afternoon through the delivery of our vehicle Monday afternoon, David and Vantage Auto Group were transparent, quick, and provided excellent customer service throughout! Strongly recommend!

David Wagoner was referred to me by a co-worker. All I can say is wow. We were under a tight timeline to purchase a vehicle, and from our initial interaction late Thursday afternoon through the delivery of our vehicle Monday afternoon, David and Vantage Auto Group were transparent, quick, and provided excellent customer service throughout! Strongly recommend!

Craig K

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Sean was just fantastic to work with! We secured our new Volvo lease through him, and he was attentive and friendly every step of the way. He made the experience great and answered any questions we had in a timely manner.

Sean was just fantastic to work with! We secured our new Volvo lease through him, and he was attentive and friendly every step of the way. He made the experience great and answered any questions we had in a timely manner.

Nina Ramadan Patel

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Sean and the Vantage team made leasing a new car an easy experience. Would definitely recommend.

Sean and the Vantage team made leasing a new car an easy experience. Would definitely recommend.

Kevin Brotspies

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Great experience with Vantage. Was able to avoid the hassle of going to multiple car dealerships and the service was great. They Dropped off my new car, picked up my trade in and handed me a check. Will definitely use them in the future.

Great experience with Vantage. Was able to avoid the hassle of going to multiple car dealerships and the service was great. They Dropped off my new car, picked up my trade in and handed me a check. Will definitely use them in the future.

Stephen Stanton

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