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Reply to "Lease buyout loophole to get $7500 credit for EV if income is too high - anyone done this?"
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[quote=jsteele][quote=Anonymous]Most of these leases are cheap because the manufacturers are setting very high residual values for the leases — if you're interested in getting the $7,500 off via lease, you're probably better off just turning the car in when the lease ends.[/quote] This. You can take advantage of the lease loophole. However, if you are going to get a lease anyway, just keep the car for the lease period and decide later whether or not you want to buy it. As this poster says, the residuals are frequently very high. Also, EV technology is changing so quickly that you might want something better in two or three years. [/quote]
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