Federal Tax Credit $7,500 Buying not Leasing

NASH732

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1. If you buy your 4Xe does the dealer give you paperwork for the federal credit?
2. My understanding is you can't file for the federal EV credit until you file you taxes next year. If I file my taxes on tax day and Jeep sells through the 200,000 vehicles before I file am I out of luck? what I am trying to understand is if I'm locked into the EV credit or can I be shut out if they hit their number before I file?

Trying to decide if I should lease to guarantee the credit now in October.
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GATORB8

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SnB4xe

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1. If you buy your 4Xe does the dealer give you paperwork for the federal credit?
2. My understanding is you can't file for the federal EV credit until you file you taxes next year. If I file my taxes on tax day and Jeep sells through the 200,000 vehicles before I file am I out of luck? what I am trying to understand is if I'm locked into the EV credit or can I be shut out if they hit their number before I file?

Trying to decide if I should lease to guarantee the credit now in October.
Your sales agreement saying you purchased the vehicle NEW is what you will need for your tax filing.

The phase out period triggers a bit after the 200k sale is made and Jeep isn't close to that figure yet. You have plenty of time to claim your tax incentive which is "Up To $7500" (depending on your tax status)
 

Jeeperz Kreeperz

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Hydro willy

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I have a question does anyone know how long you have to own a new 4xe to get the credit so say I bought it in April then Sold in October or November would I still get credit when I fill my taxes
 

BCool

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I have a question does anyone know how long you have to own a new 4xe to get the credit so say I bought it in April then Sold in October or November would I still get credit when I fill my taxes
As the original purchaser/owner, you get the credit.
 

SnB4xe

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As the original purchaser/owner, you get the credit.
Unless you purchased the vehicle with intent to sell. Fairly hard to prove unless the buyer has a dealers license.
 

Hydro willy

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Was not my intention and I love this thing life changes things happen and faster than expected sometime will miss if I do end up selling it but have had 6000 trouble free miles so far since April
 

TH0R

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Does this also work if you lease ?
 

GATORB8

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Does this also work if you lease ?
The tax credit goes to the leasing company. At least for now, CCAP passes it on as a reduction in capitalized cost.
 
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