Car Lease Master Thread

[yeshivabucher]

In writing would show if rebate is applied

[Help]

In writing would show if rebate is applied

What do you mean by "in writing"
When going down to the dealership and signing, will I be able to see if they applied the rebate?
What should I look out for?

@yeshivabucher can you clarify?
I am Leaving in 5 minutes!

[Realshlomo]

Time sensitive question:

A dealer is offering me a really great deal on the Ioniq and assures me that it does not include the $4,250 from the state. That money will go to me, they said.

Is it possible that they included the rebate in the quoted price, and the money will go to them?
Will I be able to see this detail in the contract? How can I make sure that the money will go to me and not the dealership?

I am going down soon, so I'll appreciate a quick response.

Get the numbers before walking into the dealership.

[yelped]

What do you mean by "in writing"
When going down to the dealership and signing, will I be able to see if they applied the rebate?
What should I look out for?

@yeshivabucher can you clarify?
I am Leaving in 5 minutes!

Read the contract.

[Help]

Read the contract.

So you're saying if they included the rebate it would state that in the contract?
If the contract doesn't mention anything about the state rebate, then there is no way they are applying for it?

[yelped]

So you're saying if they included the rebate it would state that in the contract?
If the contract doesn't mention anything about the state rebate, then there is no way they are applying for it?

You would have all the incentives and rebates listed in the contract. If it's not applied at the point of sale, it goes to you. In any case, no dealer has the ability to apply the rebate at the point of sale yet.

[Help]

You would have all the incentives and rebates listed in the contract. If it's not applied at the point of sale, it goes to you.

Thank you.

In any case, no dealer has the ability to apply the rebate at the point of sale yet.

PAL quoted me 136 (I think) for the Ioniq, and they told me it includes the state rebate, which they will apply for. It has nothing to do with me.

[yelped]

Thank you. PAL quoted me 136 (I think) for the Ioniq, and they told me it includes the state rebate, which they will apply for. It has nothing to do with me.

You're talking about NY? That's something else. NYS has a $2,000 rebate and that gets applied at the point of sale. Knowing PAL, they probably didn't include taxes and fees in the quote.

Just remember NJ resident/NJ dealer for NJ rebate. NY resident/NY dealer for NY rebate.

[Help]

You're talking about NY? That's something else. NYS has a $2,000 rebate and that gets applied at the point of sale. Knowing PAL, they probably didn't include taxes and fees in the quote.

Just remember NJ resident/NJ dealer for NJ rebate. NY resident/NY dealer for NY rebate.

I told him it will be registered in NJ.........so not sure what he was saying.

[yelped]

I told him it will be registered in NJ.........so not sure what he was saying.

So you won't qualify for either rebate.

[Madreigis]

To give over a finance or lease is this fully legal? Meaning can you just rewrite it to someone else's name?

[Help]

Time sensitive question:

A dealer is offering me a really great deal on the Ioniq and assures me that it does not include the $4,250 from the state. That money will go to me, they said.

Is it possible that they included the rebate in the quoted price, and the money will go to them?
Will I be able to see this detail in the contract? How can I make sure that the money will go to me and not the dealership?

I am going down soon, so I'll appreciate a quick response.

Good news is that the $4,250 wasn't included.
But they hiked up the price by approx. $1,000, claiming that I have to pay sales tax on the $14,000 rebate (they took off $14,000 from the MSRP)
Even though there is no sales tax on EV vehicles, they consider the rebate as a cash rebate, so you have to pay taxes on that.

Is it really so? is there a way around that tax? maybe get it back on my tax return or something?

[Jellybelly]

Good news is that the $4,250 wasn't included.
But they hiked up the price by approx. $1,000, claiming that I have to pay sales tax on the $14,000 rebate (they took off $14,000 from the MSRP)
Even though there is no sales tax on EV vehicles, they consider the rebate as a cash rebate, so you have to pay taxes on that.

Is it really so? is there a way around that tax? maybe get it back on my tax return or something?

What are your monthly payments?
How’s the drive? Would you recommend it?

[sb613]

Anyway to get my own damage waver for a new lease that would be cheaper/better then the dealership?

[Help]

What are your monthly payments?
How’s the drive? Would you recommend it?

$500 down (including 1st months payment)
$199.93 monthly. After the rebate I'm effectively paying $90. Meh.

[yelped]

Good news is that the $4,250 wasn't included.
But they hiked up the price by approx. $1,000, claiming that I have to pay sales tax on the $14,000 rebate (they took off $14,000 from the MSRP)
Even though there is no sales tax on EV vehicles, they consider the rebate as a cash rebate, so you have to pay taxes on that.

Is it really so? is there a way around that tax? maybe get it back on my tax return or something?

That's a lie. There is no sales tax on EV's in NJ period. Follow up with the finance department. The issue is you won't qualify for the $4,250 rebate because the dealer is in NY. Technically, the text of the law doesn't say that it must be from a NJ dealer, but that is the way they implemented it.

[davidd75]

$500 down (including 1st months payment)
$199.93 monthly. After the rebate I'm effectively paying $90. Meh.

did you look into buying/financing vehicle then you can get nj rebate(up to 5k) and federal tax credit($7500?)?

anybody did this?

[davidd75]

Anyway to get my own damage waver for a new lease that would be cheaper/better then the dealership?

wondering same thing huyndai only offers $1500.  Is that usually enough or do you need minimum 5K?

[davidd75]

1. what happens on long commutes are electric cars meant for that meaning sufficient charging stations available in tri state area to cover trips from alkewood to brooklyn or lkwd to monsey etc...  or people who buy them use them mostly local?

2. when they say a full charge is for example 170 miles  is that 170 miles without traffic what happens if there is heavy traffic?

[yelped]

did you look into buying/financing vehicle then you can get nj rebate(up to 5k) and federal tax credit($7500?)?

anybody did this?

There isn't $14,000 in finance incentives.

1. what happens on long commutes are electric cars meant for that meaning sufficient charging stations available in tri state area to cover trips from alkewood to brooklyn or lkwd to monsey etc...  or people who buy them use them mostly local?

2. when they say a full charge is for example 170 miles  is that 170 miles without traffic what happens if there is heavy traffic?

There are charging stations. It just takes time to charge. Much longer than to fill up a tank of gas. It does poorly on highways. Does great in the city and in traffic, because it recaptures most of the energy used.