I just leased a 2015 Odyssey in VA. I noticed when I got home on the bill of sale that the capitalized cost included sales tax....Is that right? I mean I have to pay the sales tax directly in VA, does this mean I'm effectively paying it twice?
- Jim
Are you sure it's sales tax? Could it be the personal property tax?
I just leased a 2015 Odyssey in VA. I noticed when I got home on the bill of sale that the capitalized cost included sales tax....Is that right? I mean I have to pay the sales tax directly in VA, does this mean I'm effectively paying it twice?
- Jim
The bank owns the vehicle. I'm assuming they pay the sales tax when they register, not you (which is why it is included in amount financed). Isn't VA a "full-tax" state on leases?
Please let me know if this adds up? Plus can you verify that insurance premiums are now dependent on your state law as opposed to leasing requirements for leased vehicles?
Please let me know if this adds up? Plus can you verify that insurance premiums are now dependent on your state law as opposed to leasing requirements for leased vehicles?
Thanks for your help!
How much is due at signing?
What is the adjusted CAP cost?
No idea on the insurance laws of your particular state. Most leasing companies can specify a minimum amount of coverage, since it's their name on the title. In my experience, their minimums are no more than the coverage you should have, anyway.
Thank you for a prompt response. This is with $0 down and nothing due at signing. I have no idea what CAP cost is - I don't have any existing loan / balance to pay off... Sorry this is my first lease ....
Thank you for a prompt response. This is with $0 down and nothing due at signing. I have no idea what CAP cost is, Sorry my first lease ....
Have to have a decision by tomorrow
Ask the dealer what the cap cost amount is .. it is usually the negotiated selling price plus any costs being added into the lease (bank fee, license/documentation, etc.).
I think the 32,741.04 is the cap cost. Do the numbers seem right? The payment comes to $418 (inc tax) Nevada
When I plug all your numbers into my spreadsheet, I get $384.71/mo after tax. My guess is that the net cap cost is slightly different than the selling price - ask the dealer to explain to you what that difference is.
When I plug all your numbers into my spreadsheet, I get $384.71/mo after tax. My guess is that the net cap cost is slightly different than the selling price - ask the dealer to explain to you what that difference is.
I will call them first thing and ask them. Thanks for your help!
Comments
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The bank owns the vehicle. I'm assuming they pay the sales tax when they register, not you (which is why it is included in amount financed). Isn't VA a "full-tax" state on leases?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Monthly payment: 418 inc Tax (8.1%)
36 mo/ 12k
Please let me know if this adds up? Plus can you verify that insurance premiums are now dependent on your state law as opposed to leasing requirements for leased vehicles?
Thanks for your help!
What is the adjusted CAP cost?
No idea on the insurance laws of your particular state. Most leasing companies can specify a minimum amount of coverage, since it's their name on the title. In my experience, their minimums are no more than the coverage you should have, anyway.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Have to have a decision by tomorrow
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MODERATOR
Need help getting around? claires@edmunds.com - or send a private message by clicking on my name.
Tell everyone about your buying experience: Write a Dealer Review