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November 9, 2024
Question

Clean Vehicel credit

  • November 9, 2024
  • 1 reply
  • 0 views

I am going to buy a 2025 Cadillac Lrig which does qualify for the $7,500 tax credit.  However, the dealership I am working from only passes the credit through if I am paying cash or loan. Since I want to lease it, I really won't own the vehicle.  Does this negate my abilty to apply/qualify for this credit?

 

Mark

    1 reply

    DoninGA
    Employee
    November 9, 2024

    Only the owner of the vehicle is eligible for the Clean Vehicle Credit.  Since you are leasing the vehicle you are not the owner.