Part 6/7:
In some proposed bill language, there is even mention of a “clawback” provision. If a lease is signed after certain cut-off dates, dealerships might need to return certain amounts should the tax credit be retroactively rescinded. This situation can create an uncomfortable scenario where lessees find themselves suddenly facing increased rates or changes in their lease terms.
Before signing a lease, it is crucial to inquire:
Will this lease be affected if Congress modifies the tax credit rules?
If so, how will my lease be impacted?
The clarity on these matters will greatly influence whether entering into a lease is a prudent choice at this time.