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Motability Operations, the company behind the Motability charity, buys cars and leases them to people with a qualifying disability allowance for 75.75 million pre-tax loss for 2024, a huge drop from the 748m profits it recorded in 2023. billion in 2023 to 6.9bn last year. Currently, this is set at 750.
The good for lessees is that both the R1S and R1T qualify for a $7,500 tax credit under the clean vehicle program when leased. This credit is automatically applied to the full price when leasing through Chase, Rivian’s leasing partner. Even with the tax credit, leasing an R1S comes at a high cost.
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