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You are correct in your understanding. The tax credit used to be added to the residual but leases now are subtracting it from the cap cost. Has to be one of these alternatives. Having it decrease the residual would be insane since that would increase your payments! The lessor would get the tax credit and you'd get to pay the lessor more. Nice double dipping if you can get it.

Also no idea why they won't give you the money factor. There IS a national lease offer! Try a different dealer.
 

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You might want to check out this new thread. http://gm-volt.com/forum/showthread...e-signed.-Thanks-forum.&p=2633970#post2633970 The OP there got a great price and lists all the relevant info (and yes the tax credit was subtracted from the cap cost). Not saying you can get the same price, it's quite possible you can't in your area, but it at least gives you an idea of what is possible and how the numbers are crunched.
 
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