Mazda’s first EV might be worse than you think. Based on an incentive bulletin sent to dealerships, Mazda is not including the full value of a federal tax credit when leasing the 2022 MX-30 EV crossover. new electric vehicle a mediocre value despite a relatively low MSRP.
Here in California — the only state in which the 2022 Mazda MX-30 is sold — lease agreements for the base model include as little as $3,975 in rental cash. That’s just over half the value of a $7,500 federal electric vehicle tax credit. Mazda Financial Services is offering a better discount on the MX-30 Premium Plus with $4,800 in savings.
Fortunately, the currency factor of the MX-30 is 0.00001, which is 0% APR. The advertised Southern California lease is $309 for 36 months with $2,999 due at signing before state plug-in discounts. With an effective cost of $392/month, that’s more than $50 more than the cheapest lease deal on the Chevy Bolt EV.
That’s a big deal since the Bolt isn’t even eligible for the tax credit. Instead, the Bolt is a bargain in part due to a relatively high residual value of 63%. Unfortunately, the fact that the MX-30 doesn’t offer the full tax credit as rental money is one reason why it might not be a good idea to rent just anyone. what electric vehicle.
On an EV, the tax credit goes to the lender (in this case, Mazda Financial). Not all captive lenders pass on these savings in the form of leasing. That said, $4,800 is still better than nothing. After all, Ford Credit passes on no $7,500 tax credit when customers choose to lease the Mustang Mach-E.
Although MX-30 prices can drop below $24,000 with incentives, leasing seems to have a built-in downside. Combined with the model’s relatively poor range of just 100 miles, that could still be a tough sell considering 2022 seems like a good time to buy an EV.
Explore Mazda MX-30 Pricing and Offers
