The vehicle has to be assembled in North America;AND the car has to cost under a certain amount, and your income can’t be over another amount;Consumer Reports Autos Editor, Keith Barry, agrees it is complicated. “If you’re set on buying a car and you know you qualify and you’ve talked to a tax professional, you know the car’s going to qualify, you can go ahead and do that.
Of course, the usual leasing rules apply. Along with a down payment, you’ll make monthly payments for a set number of months – and for a set number of miles. And at the end of the lease, you return the car to the leasing company. And as automakers continue to lower the price of electric vehicles, trying to attract more buyers – you won’t take the hit if your leased vehicle is suddenly worth less.