- First Name
- May 11, 2020
- Reaction score
- santa fe,nm
- MME (delivered 2/26/21), DIY eMiata conversion
- Solar Sales/install
what are you basing this statement on?No. You cannot claim the federal tax credit on RCL because you are not the owner (Ford Credit is the owner).
I would think that you (we) are the 'owner' regardless of what financing instrument is chosen... the lender HOLDs the title as collateral, but the vehicle is titled in (our) names. Just like a Home Mortgage, or Solar, or any other asset that has tax credits or depreciation; you are the 'owner' regardless of how it is Financed as far as I know.
Thus, eligible for tax credits.... unless you have specific tax code stating otherwise you can share?