Submitted by chlovett on Tue, 2014-02-25 17:07
beware of Mechanics Bank San Francisco. 1 yr ago I purchased my Model S. No disclosure from Mechanic Bank my Federal Tax credit would be claimed by them and not passed through to me. Although they are "original" owner as the lessor, they are not the original driver and do not qualify for this tax credit, See the IRS (IRC-30 and IRC-30D)
This mega bank is lining the coffers of their bank at the individual consumers expense. In my opinion, it is the responsibility of the lender to disclose loop holes.
My CPA states I have no recourse, however I am filing multiple complaints to Yelp, Senator Feinstein and the IRS.
CH Lovett MD