Depends on the dealer, but the idea is that the $7500 becomes an incentive, so it should be subtracted from the negotiated price.
The website (Introducing the all-electric Volkswagen ID.4) where you build and reserve the ID4 Pro states at the bottom:
I'm the opposite. I would use far less than 10k and would risk leaving some mileage allowance on the table - give or take any premium I might get in a buyback for a "low-mileage" vehicle.The issue I have with leasing is mileage limitations. As a family we'll put on 20,000-30,000 miles in a year. Well... not THIS year; but on average, we use way too many miles.
I understand where you are coming from. I average 8,000 miles a year, so, a 10,000 mile limitation is not an issue for me.The issue I have with leasing is mileage limitations. As a family we'll put on 20,000-30,000 miles in a year. Well... not THIS year; but on average, we use way too many miles.
It’s all about the miles for me. I would blow through 10,000 within 6 months.For me, one of the attractions of a lease, was the ability to turn in the car at 3 years versus the hassle of selling, or probable loss by trade in. At least for now, it is relatively easy to sell a late model used car to either Vroom or Carvana. (Also, for my last two, the manufacturers with low sales, offered very deep discount leasing on the previous year models, sadly that will not be the case now for us ID.4 early adopters.)
I was won over the by EV lease argument, where technology is changing so fast, and 3 year upgrades might be more common and/or easier by lease. On the other hand, if both options are available, I'm moving over to the idea of trying to figure out which would cost less at 3 years, or even if I sell earlier (so many leases now let you buyout early). It is not an easy calculation, and there are some variables (e.g. what would the car sell for in two or three years).
FWIW, for those with less than a $7,500 tax liability (not including self employment tax (ss, etc), there is no carryover for the EV credit, so leasing where you get the full $7.500 is much more attractive (assuming also a good enough credit rating, I don't know what number you need). Also for buying, understand that the minute you drive off the lot, the resale value drops by $7,500, because so many others can get the $7,500 credit.