Flash Disqualified from Tax credit

[Vulnox]

Select Inventory Offer
Available for: Cash Purchase, Finance Requirements and Restrictions:
2025 F-150 Lightning VIN Specific RBC - EFC16728 (#32826). Eligible buyers may receive 2025 F-150 Lightning VIN Specific RBC - EFC16728 on select new vehicles. Incentive may be incompatible with certain finance types or other cash programs, based on individual program rules. Take new retail delivery from dealer stock by 09/30/2025. Residency restrictions apply. See dealer for qualifications and complete details.
Customer $ Offer$7,500
Start07/18/2025
End10/01/2025

This is the incentive to offset EFC16728, not the notice itself. But in either case there may be an option if the dealer reads the notice I mentioned.

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[WXman]

You have a misunderstanding. The tax credit on a lease is taken by the selling manufacturer, not the buyer. They MAY elect to increase the residual price of the vehicle, which then lowers the monthly lease payments.

If you had received it, they would have provided you with a New Vehicle Time of Sale Report, and you would be required to report the tax credit when you file for your 2025 taxes.

You have a misunderstanding. The tax credit is there to reduce the effective cost of the vehicle by $7,500 U.S. dollars. I leased my truck, got $7,500 U.S. dollars reduction in cost thanks to the tax credit, and walked out the door. Exactly as anyone would have if they financed the full amount, paid cash, wrote a check, etc.

Are there various ways to show that tax credit on paperwork? Sure. That doesn't change the fact that EVERYONE gets the same discount, lease, finance, or buy......unless the dealer plays unethical games in which case it's a different ballgame and then the buyer's fault for letting it happen.

 

[flyct]

You have a misunderstanding. The tax credit is there to reduce the effective cost of the vehicle by $7,500 U.S. dollars. I leased my truck, got $7,500 U.S. dollars reduction in cost thanks to the tax credit, and walked out the door. Exactly as anyone would have if they financed the full amount, paid cash, wrote a check, etc.

Are there various ways to show that tax credit on paperwork? Sure. That doesn't change the fact that EVERYONE gets the same discount, lease, finance, or buy......unless the dealer plays unethical games in which case it's a different ballgame and then the buyer's fault for letting it happen.

You are correct. On my Ford lease the $7,500 was credited with all the other rebates and incentives. It did not increase the residual. It was passed through as a line item listed as X-Plan Customer CASH. It was part of the total Cap Cost Reduction.

My Residual on a low mileage 39 month lease for my 2024 Platinum was 55%

 

[RickLightning]

That is an X-Plan discount, as you noted in this old thread.

https://www.f150lightningforum.com/forum/threads/x-plan-pricing-question.26530/post-506352

 

[flyct]

That is an X-Plan discount, as you noted in this old thread.

https://www.f150lightningforum.com/forum/threads/x-plan-pricing-question.26530/post-506352

That is an X-Plan discount, as you noted in this old thread.

https://www.f150lightningforum.com/forum/threads/x-plan-pricing-question.26530/post-506352

No, the $7,500 is not X-Plan discount. It's the way that Ford passes the offers a financial incentive similar to a Tax Credit to for an X-Plan buyer on a lease document.

It got really really confusing. Even the Finance manager didn't understand until he called Corporate finance.

FIRST, The 2024 Q1 Plan rebates and incentives on a 2024 Lightning were too good to pass up. Plus the Money factor rate was essentially ZERO.

Bottom line I have a $91,735 MSRP Lightning Platinum with ZERO out of pocket and $571/month. That same deal today with a 2025 Platinum would be $935/mo

The X-Plan discount was $3,576 and incentives were an additional $21,815 on a lease. The X-Plan discount is not taxable but rebates and incentives are taxable.

Per the Factory Invoice, the MSRP is $91,735, Xplan price is $88,159. So the X-Plan discount is in actuality $3,576, the difference from MSRP and X-pLan price on the invoice.

Incentives and rebates were an additional $21,615

Where it gets REALLY confusing is that the residual is based off $91,735 (MSRP) minus $2,100 Blue Cruise Fee Plus $615 BC Rebate. You can't residualize a 3 year software subscription and have to back out the BC rebate
.
So
Ultra Low Mileage Lease, 7,500 miles a year or 24,375 miles driven over 39 months.
$91,735 = MSRP
$89,159 = Cap Cost X-Plan price
$90,350 Basis for Residual
$49,694.25 = 55% Residual of $90,350
$21,715 - Cap cost reduction. (Rebates and Incentives)
ZERO out of pocket at delivery
$571.28 Payment for 39 months

FORD MOTOR CR FORD CREDIT PPD ID: 3534610001

ACH debit

−$571.28

Read the old posting carefully

" In addition to the $3,550 X-Plan discount off MSRP, here are the incentives that I received on a 3/31/25 Lease of a 2024 Lightning Platinum. Most of these Plan incentives expired on 3/31/25"

 

[RLXXI]

This all so confusing, I can't tell if my dealer screwed me or what as they told me to just claim it on my return but then turned around and made an MSRP of 72,xxx come down to my cost of 61,000. This was a lease also. So is an $11,000 discount off msrp normal with or without the credit.

To be clear I really didn't care about the credit as I originally thought it only applied to an outright purchase, not a lease.

 

[flyct]

This all so confusing, I can't tell if my dealer screwed me or what as they told me to just claim it on my return but then turned around and made an MSRP of 72,xxx come down to my cost of 61,000. This was a lease also. So is an $11,000 discount off msrp normal with or without the credit.

To be clear I really didn't care about the credit as I originally thought it only applied to an outright purchase, not a lease.

You are correct. Tax Credit to buyer ONLY APPLIES to a purchase, not a lease. If the VIN qualified then Ford got the credit. They are not required to pass it on to you.

YOU CAN’T EVER CLAIM IT ON YOUR TAX RETURN IF YOU LEASED.

 

[flyct]

That is an X-Plan discount, as you noted in this old thread.

https://www.f150lightningforum.com/forum/threads/x-plan-pricing-question.26530/post-506352

Rick,

Let me clarify. I apologize. I misspoke about the $7,500 on my deal being a direct pass through for a tax credit on a high MSRP lease. My Platinum would not qualify for a Tax Credit since the MSRP exceeds $80k limit so Ford did not get a tax credit to pass on.

The way I understood it the $7500 rebate on my Platinum lease is Ford offering an incentive, similar to a tax credit, for those vehicles that don't qualify due to higher MSRP. It is offered to compensate buyers who leased an EV truck where the truck didn’t qualify for a tax credit.

Ford recently was offering a similar rebate on trucks, where the truck's VIN was not in the IRS database and could not be registered for a Tax Credit on the IRS portal.

 

[RLXXI]

You are correct. Tax Credit to buyer ONLY APPLIES to a purchase, not a lease. If the VIN qualified then Ford got the credit. They are not required to pass it on to you.

YOU CAN’T EVER CLAIM IT ON YIUR TAX RETURN IF YOU LEASED.

That was my original thought to begin with as a lease, the girl in sales that penned the contract didn't appear to be very enthusiastic or knowledgeable on the product or details as she kept going up to the sales managers desk, my question is did the price reflect at least a portion with an 11,000 difference between msrp and final price.

 

[flyct]

That was my original thought to begin with as a lease, the girl in sales that penned the contract didn't appear to be very enthusiastic or knowledgeable on the product or details as she kept going up to the sales managers desk, my question is did the price reflect at least a portion with an 11,000 difference between msrp and final price.

You have to look at your Lease Agreement for that answer.

 

[RLXXI]

You have to look at your Lease Agreement for that answer.

I'll dig it up later. I'm happy with the deal in any event. There's always room for more happy lol.

 

[rdr854]

I leased my Volvo EX90. Volvo Finance passed on the $7,500 tax credit to their customers through a rebate against the purchase price of the car. Because the car was purchased by Volvo Finance as the leasing company, they did not have the same restrictions that existed for retail purchases since the sale was to a commercial entity.

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