We work with most leased vehicles. We'll contact your leasing company to request a lease buyout quote.
However, some leasing companies do not allow third parties to buy out a lease. We'll let you know if your leasing company prohibits third-party buyouts.
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.