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Are tax incentives lost through leasing?

Discussion in 'Gen 1 Prius Plug-in 2012-2015' started by justintime, May 30, 2012.

  1. justintime

    justintime Junior Member

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    I had been led to believe I would still receive the benefit of the federal and CA state tax incentives if I leased the Prius Plug-in, but my accountant flipped when I mentioned a lease and seems to think the leasing company gets to cash in on the tax breaks.

    I was resigned to defeat on this one, except it turns out my dealer had to redo all the paperwork after using the wrong VIN number on the deal paperwork. And so I'm trying to figure out if I can use this opportunity to change this transaction to a purchase. My salesman still insists I get the tax breaks even with a lease.

    Can anyone shed some light here? Thanks.
     
    #1 justintime, May 30, 2012
  2. cwerdna

    cwerdna Senior Member

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    #2 cwerdna, May 30, 2012
  3. justintime

    justintime Junior Member

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    well, that's clear about the Federal. Is it the same line with CA state incentives too?
     
    #3 justintime, May 30, 2012
  4. cwerdna

    cwerdna Senior Member

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    #4 cwerdna, May 30, 2012
  5. Mkay

    Mkay New Member

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    The way I read the info on the State's web site, leased PIPs qualify for the cash rebate. The rules document is attached.
     

    Attached Files:

    #5 Mkay, May 31, 2012
  6. justintime

    justintime Junior Member

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    that is good news. Thanks for passing that along!
     
    #6 justintime, Jun 5, 2012
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