Quote:
Originally Posted by Fly320s
When you do your taxes for 2020, you get to take $7,500 off what you owe the IRS. If you owe less than $7,500 you won't get a refund, though.
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Actually, BMW will pass an instant rebate of $7500 to the buyer/leaser and collect the tax rebate themselves. It sells more cars that way. I've had three i3's with $9.5k in rebates each ($7500 fed, $2000 factory). Saved quite a bit of $ leasing an EV for my daily driver.
However, some other manufacturers like Kia don't pass this on if you lease, only if you purchase. Boooo!