- π° Tesla Model 3 Highland leases benefit from a $7,500 incentive due to an IRA tax credit loophole.
- π The $7,500 EV lease incentive is distributed across the Model 3 Highland lease term.
- π Monthly lease payments for the Model 3 Highland are calculated at $329, potentially dropping to $246 after factoring in savings.
- π The IRA loophole is not new and was previously discussed by Car and Driver about a year ago.
- π’ Commercial vehicles, exempt from IRA eligibility requirements for personal EVs, are eligible for the full $7,500 tax credit.
- π Leased vehicles can be considered commercial transactions, allowing the Model 3 Highland to potentially qualify as a commercial vehicle.
- π The Tesla Model 3 Highland is available in the United States, Canada, Mexico, and Puerto Rico.
- π Delivery estimates for the Model 3 Highland refresh units range between January and February 2024.
- π The Model 3 Highland offers RWD and Dual-Motor AWD variants, with prices starting at $38,990 and $45,990, respectively, before options.
In the dynamic world of electric vehicles, Tesla once again takes center stage with the introduction of the Tesla Model 3 Highland. Beyond its innovative features and eco-friendly performance, there’s a hidden gem that savvy consumers are quick to discover β the enticing benefits of leasing, coupled with a significant $7,500 incentive courtesy of an IRA tax credit loophole.
Decoding the Lease Incentive: A Closer Look
- Leveraging the IRA Tax Credit Loophole
- π° Tesla strategically taps into the Inflation Reduction Act (IRA) tax credit loophole, a move that not only positions the Model 3 Highland as an attractive option but also provides a substantial financial incentive.
- π This loophole, previously discussed by Car and Driver a year ago, focuses on specific tax credit qualifications for commercial vehicles under the IRA.
- Understanding the Lease Incentive Mechanics
- π The $7,500 EV lease incentive is not an upfront discount but is intelligently distributed across the lease term, making the Model 3 Highland leases more affordable for the discerning consumer.
- π Monthly lease payments, initially set at $329, have the potential to drop significantly to $246 after accounting for probable savings.
The Commercial Advantage: IRA’s Stance on EVs
- Commercial Vehicles and Tax Credit Eligibility
- π’ Commercial vehicles enjoy a unique advantage as they are not subject to the same eligibility requirements as electric vehicles purchased for personal use under the IRA.
- π Leased vehicles, by nature of not transferring ownership to the lessee, can be considered commercial transactions, unlocking the full $7,500 tax credit.
Navigating the Model 3 Highland Lease Experience
- Availability and Delivery Estimates
- π The Tesla Model 3 Highland, now available in the United States, Canada, Mexico, and Puerto Rico, extends its leasing benefits to a broad consumer base.
- π Excitingly, the delivery estimates for the refreshed Model 3 Highland units span from January to February 2024, providing an imminent opportunity for interested lessees.
- Variant Options and Pricing
- π The Model 3 Highland comes in both Rear-Wheel Drive (RWD) and Dual-Motor All-Wheel Drive (AWD) variants, with enticing starting prices of $38,990 and $45,990, respectively, before factoring in additional options.
Seizing the Opportunity: A Smart Move
In a landscape where electric vehicle choices are expanding rapidly, the Tesla Model 3 Highland lease program stands out as a smart and financially savvy move. Capitalizing on the IRA tax credit loophole not only aligns with Tesla’s commitment to innovation but also places electric vehicle ownership within reach for a more extensive audience.