I have the quote below but when I punch it in a lease calculator it shows about an $80 difference. I'm waiting on the detailed breakdown of the down payment money by item. Please let me know what you get.
Vehicle Price: $68,260 Discount: $9,409 Selling Price: $58,851 Sales Subtotal: $58,851 Tax:$2942.55(5%) Out the Door: $61,793.55
36/15k MF: .00060 Residual: 56%
Due at Signing: $2500 which is 1st payment, security deposit, tax on down payment, license, title, and documentation.
Payment is $733.24
Let me know your thoughts.
On a lease, does West Virginia tax the full selling price of the vehicle, or the monthly payment?
The number you need is the adjusted CAP cost. As far as your $2500, I don't think Mercedes requires a security deposit, but I also don't see the $795 acquisition fee. Some of that $2500 might go to CAP cost reduction, but without the details we are flying blind. (we also show .00096 for the MF).
West Virginia is the monthly payment and I should lhave the full breakdown tomorrow of the 2500. This car is a dealer titled demo with 6k on it if that matters. It's listed as cpo not new on their website but they are still able to lease they said
West Virginia is the monthly payment and I should lhave the full breakdown tomorrow of the 2500. This car is a dealer titled demo with 6k on it if that matters. It's listed as cpo not new on their website but they are still able to lease they said
If it's CPO, there may be a completely different lease program that we have no information about.
Comments
The number you need is the adjusted CAP cost. As far as your $2500, I don't think Mercedes requires a security deposit, but I also don't see the $795 acquisition fee. Some of that $2500 might go to CAP cost reduction, but without the details we are flying blind. (we also show .00096 for the MF).
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