Lease vs Buy (MSRP)
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Anonymous
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We are currently looking at a new car. Its a hybrid SUV with $7500 EV tax credit available. Due to our HHI we wouldn't qualify for the EV credit but if we lease the vehicle through the dealership they would take the $7500 credit adjusting the lease MSRP. So this is how it would work out
MSRP: $78000 Lease MSRP: $70500 According to to the fine print on the lease agreement, we can buy out the whole car about 3-4 months later and pay no additional money factor/interest/etc. Just what is owed in terms of cost at the time of buyout minus any principal amount applied towards the lease. Anyone else done something similar? The dealership has many locations through out the area and said a lot of customers who don't qualify for the EV rebate outright take the lease route. |
Anonymous
| Negotiate price to lease price and buy. |
Anonymous
| Love to know what hybrid suv is $78k. |
Anonymous
Grand Cherokee Wagoneer Summit Volvo XC90 T8 BMW X50E Etc... |