TMV Lease Cash and Sales Tax (plus Florida specific questions)
A. When TMV is already less than Dealer Invoice
1. Find value of TMV of the car in my state
2. Subtract customer rebates that I find in Edmunds for my zip code from value found in step 1 (I understand some are already factored in the TMV, Edmunds mobile app posts a note for those cases, I would not subtract incentive in that case)
3. Subtract the lease cash posted by moderators in this forum for my specific vehicle and state (or is that already factored in the TMV)?
5. Add vehicle registration fees
6. Use MF and RV posted on forums to deterine monthly fees
B. When TMV is higher than Dealer Invoice
5. Use MF and RV posted on forums to deterine monthly fee
Best Answer
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Michaell Moderator Posts: 251,831
In Florida, sales tax is applied to the monthly paymentevnoob said:Thanks Stever,
I guess my biggest question that I'm confused about is:
1. Should I add the sale tax before calculating the monthly payments? This basically means I'm rolling in the sale tax for the entite car price into my monthly payment. I know most states don't do that but few are but I'm not sure if Florida is one lf them.
2. My second bigges question is about the "lease cash" that moderators sometimes post in response to users inquiries, is that the same as "Dealer Cash" that I see on Edmunds "Car Research" pages? Or is that a hidden incentive in addition to the one visible on Edmunds?
Thanks!
Lease cash is factory to dealer, which the dealer can then pass along to the customer. There may be other factory to dealer incentives, both known and unknown.Edmunds Price Checker
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Answers
"While Edmunds does not offer TMV prices for leasing, the TMV price of a car is a useful piece of information if you plan to lease. A monthly lease payment is based on the selling price of the car, or the "cap cost" in leasing lingo. The lower the cost of the car, the lower the monthly lease payment. Once you find the TMV price of a new car, you can enter that price into the Auto Lease Calculator, along with other information about the car, to get an estimated lease payment."
I guess my biggest question that I'm confused about is:
1. Should I add the sale tax before calculating the monthly payments? This basically means I'm rolling in the sale tax for the entite car price into my monthly payment. I know most states don't do that but few are but I'm not sure if Florida is one lf them.
2. My second bigges question is about the "lease cash" that moderators sometimes post in response to users inquiries, is that the same as "Dealer Cash" that I see on Edmunds "Car Research" pages? Or is that a hidden incentive in addition to the one visible on Edmunds?
Thanks!