I initially had a reservation for an ID.4 Pro RWD since the day it was available and even gave the extra $400 to lock in the reservation. Since that time, I've gone ahead and canceled it as it didn't make sense for me to purchase the car. However, my WANT of this car has gotten the best of me and now I'm looking at the leasing options. I'm based in Central California and am trying to understand how it would work with all of the incentives that are available here. Would love feedback on the below if I'm right or if I'm really missing the mark here.
The lease terms say "Monthly lease payment based on MSRP of $39,995 and destination charges less a $7,500 Lease Incentive and suggested dealer contribution resulting in a capitalized cost of $31,182.80. Excludes tax, title, license, options, and dealer fees. Amount due at signing includes first month’s payment, customer down payment of $2,501, and acquisition fee of $699. Monthly payments total $13,644."
Since I'm based in California, would I also be able to receive the below rebates/incentives that I could apply to the cost of lease:
Am I missing anything here? Seems like a better idea for me to lease the ID4 than actually buy it.
The lease terms say "Monthly lease payment based on MSRP of $39,995 and destination charges less a $7,500 Lease Incentive and suggested dealer contribution resulting in a capitalized cost of $31,182.80. Excludes tax, title, license, options, and dealer fees. Amount due at signing includes first month’s payment, customer down payment of $2,501, and acquisition fee of $699. Monthly payments total $13,644."
Since I'm based in California, would I also be able to receive the below rebates/incentives that I could apply to the cost of lease:
- $1,500 point of sale rebate in California
- $2,000 for Clean Vehicle Rebate Project in California
- $5,000 for Clean Vehicle Assistance Program (still waiting on approval letter)
- If I don't qualify for that, I would qualify for $3,000 from San Joaquin Air Board Rebate
Am I missing anything here? Seems like a better idea for me to lease the ID4 than actually buy it.