Lease of Ioniq5 and Inflation Reduction Act

[Bruce Jankowitz]

Hi,

I'm looking to trade in my 2019 kona for an Ioniq5. I'm looking to see if I lease and HMF chooses to pass the 7500 they receive thru leasing Commercial Clean vehicle Credit to the consumer (me)
Here is a link that gives a bit of background. I believe VW, Audi and Lucid are doing this so far

https://www.reuters.com/business/au...leases-can-qualify-ev-tax-credits-2022-12-29/

Thanks,

 

[Bruce Jankowitz]

I've spoken to lots of dealers and they all know nothing about the inflation reduction act(IRA) let alone any insight if Hyundai motor finance would consider the lease loophole. Does anyone have any experience here or know a dealer that knows anything about this? Due to the MSRP of an I5, this is a make-or break issue for me and I'd be willing to travel if need be.

 

[insightman]

I've spoken to lots of dealers and they all know nothing

This seems to be a common experience on this forum. Then, again, how many more Ioniq 5s would they sell if they bothered to learn anything about the vehicle? I haven't heard any reports of unsold I5s creating crowding problems on dealer lots.

 

[Jimct]

Assuming the tax credit actually applies, I wouldn't lease the car unless the dealer applies it to the agreement, you're better off buying it outright.