It's technically possible for us to handle some leases, but it's almost always financially better for sellers to buy out the lease first, then sell to a private buyer. When we purchase a leased vehicle, the lessor sells it to us at the current market value, not the buyout price in the lease contract. In recent years, the difference has been substantial. Furthermore, some lessors simply refuse to work with independent dealerships like KeySavvy.
For these reasons, we don't support selling a leased vehicle at this time.
Are lease buyouts eligible for the used EV tax credit?
A lease buyout is a transfer of ownership from the leasing company to the registered owner. Therefore the seller is not the original owner of the vehicle and technically purchased it used from the leasing company. Leased vehicles that have been bought out by the seller are eligible for the used EV tax credit only if they bought out the lease BEFORE August 16, 2022.
Please note that we have clarified this guidance with the IRS and it's not a policy specific to KeySavvy.