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This context explains why leasing options for EVs have been notably cheaper over the past year. The loophole effectively means leasing an EV allows access to tax benefits otherwise unavailable to individual buyers, turning a potentially disadvantageous situation into a favorable one for those considering leasing.
Questions to Consider Before Leasing
While there is a strong argument for leasing now, potential lessees need to navigate with caution. Recent developments in Congress indicate that the loophole allowing for qualifying leases may soon be subject to closure. The legislation being discussed could place limits on this advantage, affecting future transactions.