• Daynebutter@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Has anyone tried to use the IL credit for a lease buyout? I was wondering if it was possible since the requirements state that it must be for a new or used vehicle, but not for leased. However, when one does a buyout, isn’t it considered used?

    I was thinking this would be a good way to take advantage of both the lease tax credit and the IL tax credit for EVs like the Volvo EX30 that don’t qualify for the non-lease credit.