$7500 tax credit loophole confirmed to work for Cybertruck lease?

[ModelAZ]

Posted by @denniscw

CONFIRMED: $7,500 TAX CREDIT LOOPHOLE WORKS ON CYBERTRUCK

Here's what we know:

• $7,500 Tax Credit eligible on LEASES
• $7,500 Tax Credit not eligible on personal purchases
• Confirmed Buy Out shows adjusted lease buyout price with $7,500 deducted.
• You do not have to pay all 36 remaining payments
• Buyout already showing on CT after delivery
• Must be a Tesla Trust or Chase Lease

BREAKDOWN: (See Screenshots Below)

$80,000 Cybertruck AWD
- $7,500 Tax Credit
.... After Taxes, fees, and extra cap cost reduction
+ $350 Buy out fee
= Buyout price of $61,447

CONS:
Acquisition fee: $695
Buy out fee: $350
Interest carrying cost: 10% ~ (the longer you wait to actually buy it out, you get hit with interest)

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[Haoooc]

Great! But I guess the 80k car price cap and 300k family income cap still apply?

 

[cgoats21]

I was texting with Tesla this afternoon and the finance department said this is not true. You still have to pay the full price of the lease even if you are buying it out early. There seems to be inaccurate info somewhere

 

[cybersecurity]

Any reimbursements for out right purchase? (foundation series)

 

[CarMan ElecTruck]

This story is very confusing and misleading. Proceed with caution.

 

[Balthezor]

DennisCW who shared this on X needs more clicks and views. Proceed with caution

 

[cgoats21]

DennisCW who shared this on X needs more clicks and views. Proceed with caution

I agree if we can’t get Tesla to say it’s possible, then it’s too risky. It could be a costly mistake having to pay out the entire lease.

 

[CarMan ElecTruck]

To be completely transparent, I recieved my lease offer as well and read nothing that clearly implies that you can ‘buy-out early’…

I have never heard of this option in my many years of Leasing vehicles previously.. I’m not saying it’s not possible, I just never heard of such… (if it is a hidden loophole I could understand why the leaser would not want you to discover it)

 

[cgoats21]

To be completely transparent, I recieved my lease offer as well and read nothing that clearly implies that you can ‘buy-out early’…

I have never heard of this option in my many years of Leasing vehicles previously.. I’m not saying it’s not possible, I just never heard of such… (if it is a hidden loophole I could understand why the leaser would not want you to discover it)

If it’s a loophole that would sell more cars, I’m sure they wouldn’t hide it. I feel a lot of people have been waiting for the tax credit and if true, this is a nice workaround. I haven’t seen anyone actually compete it so unless that happens, I don’t think anyone will bite. People mentioned that you can do this with Rivian to get the credit but I haven’t confirmed.

 

[CarMan ElecTruck]

This ‘buy-out early’ loophole sounds like one could purchase early for less overall cost (less money to the bank/loan) which is not ideal for any business trying to make a max profit.. or maybe I’m interpreting it wrong..

If it’s a loophole that would sell more cars, I’m sure they wouldn’t hide it. I feel a lot of people have been waiting for the tax credit and if true, this is a nice workaround. I haven’t seen anyone actually compete it so unless that happens, I don’t think anyone will bite. People mentioned that you can do this with Rivian to get the credit but I haven’t confirmed.

 

[cgoats21]

This ‘buy-out early’ loophole sounds like one could purchase early for less overall cost (less money to the bank/loan) which is not ideal for any business trying to make a max profit.. or maybe I’m interpreting it wrong..

If it’s Tesla leasing it tho, they are getting the $7500 from the government and passing it on to you, they are still getting everything plus some fees they would normally get if you were buying the car. The difference is the gov is on the hook for the 7500

 

[CarMan ElecTruck]

If it’s Tesla leasing it tho, they are getting the $7500 from the government and passing it on to you, they are still getting everything plus some fees they would normally get if you were buying the car. The difference is the gov is on the hook for the 7500

There is no debate on whether this is a thing..

all leases must put at least 7500 down.. I wouldn’t exactly call that a benefit to us.. since we have to pay 7500… so we the people are not really saving 7500 on the total cost… we are only simply being allowed to choose the lease option which provides a lower monthly (most likely) and option to choose to keep or not at the end of term.

The buy-out early is another perceived loophole within the ‘loophole’ ??

 

[Mini2nut]

Highly skeptical. This dude is after eyeballs and doesn’t have a great track record.

The lease contract number that stood out to me:
-$53,990 residual value after 36 months (12/2027)

 

[cgoats21]

Highly skeptical. This dude is after eyeballs and doesn’t have a great track record.

The number that stood out to me:
-$53,990 residual value after 3 years (12/2027)

If he is somehow right it is definitely a deal, but a dangerous game to play with legal documents and the tax man

 

[mongo]

There is no debate on whether this is a thing..

all leases must put at least 7500 down.. I wouldn’t exactly call that a benefit to us.. since we have to pay 7500… so we the people are not really saving 7500 on the total cost… we are only simply being allowed to choose the lease option which provides a lower monthly (most likely) and option to choose to keep or not at the end of term.

The buy-out early is another perceived loophole within the ‘loophole’ ??

It's the additional $7,500 lease credit that goes into the inital payment that is the benefit.

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