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Adam Cook

@chargrille I leased a VW ID.4 back in May of 2021 in Texas. My dealer took the $7500 credit - which lowered the monthly payments.

I bought out the lease and sold it to Carvana in October of last year when I moved from Dallas to Detroit (where I was able to go car-free).

I did not claim any EV-related credit on my last year's taxes as the instructions in the tax software clearly prohibited it.

That said, in May of 2021, the IRA did not exist when I leased...

@adamjcook Thank you Adam, this is super helpful! Yeah, I think the $4000 credit could apply, because technically the dealership owns the car, & we were renting it from them. So, we're buying a used car & the first owner is the dealership. But I think we can't.

The structure discourages the leasing party from buying the car, because it's actually the same or cheaper to buy a new EV, due to the $7500 tax credit, OR a separate, different used car (even same year/model!), due to $4000 IRA credit.

@adamjcook
Congratulations on going car free, by the way! And thank you!

Did you like the ID4? Had you had any other EVs before it?

@chargrille Thanks!

Nope. Despite my best efforts, in moving from Chicago to Dallas, I was forced to get a car (due to the sprawl in Dallas).

So, the ID.4 was actually the first car purchase I had made in almost 20 years.

It was a great car! Zero issues - even with long-distance trips and charging.

I would look at it again if I was forced to.

But I absolutely despise driving, so hopefully not. 🤪