Hi

josbe81

Hi,
Looking for mf and rv for Sahara unlimited altitude for 36/12, 39/12, 42/12 and 48/12 in 11793. What is standard mf? Should total sales tax be paid upfront or on monthly payments?

Thanks in advance

kyfdx

josbe81 said:

Hi,
Looking for mf and rv for Sahara unlimited altitude for 36/12, 39/12, 42/12 and 48/12 in 11793. What is standard mf? Should total sales tax be paid upfront or on monthly payments?

Thanks in advance

Standard MF (we don't know the number, this month)
65%, 63%, 62%, 61% residual

NY taxes the sum of payments, but collects it upfront.
You can roll that amount into the CAP cost, which effectively adds it to the lease payment.

But, there is quirk in NY, where if you roll it in, you are basically paying tax on tax.
Your total cost will be a little lower, if you pay the tax upfront.

josbe81

Standard MF (we don't know the number, this month)
65%, 63%, 62%, 61% residual

NY taxes the sum of payments, but collects it upfront.
You can roll that amount into the CAP cost, which effectively adds it to the lease payment.

But, there is quirk in NY, where if you roll it in, you are basically paying tax on tax.
Your total cost will be a little lower, if you pay the tax upfront.


How about in New Jersey? Thank you!!!!

Michaell

josbe81 said:

Standard MF (we don't know the number, this month)
65%, 63%, 62%, 61% residual

NY taxes the sum of payments, but collects it upfront.
You can roll that amount into the CAP cost, which effectively adds it to the lease payment.

But, there is quirk in NY, where if you roll it in, you are basically paying tax on tax.
Your total cost will be a little lower, if you pay the tax upfront.


How about in New Jersey? Thank you!!!!

The Wrangler numbers are national.

josbe81

No, do the taxes work differently in New Jersey? Thanks

Michaell

josbe81 said:

No, do the taxes work differently in New Jersey? Thanks

Taxes are addressed the same way in NJ and NY - tax sum of payments plus taxable fees.

Can pay up front, or added to cap cost and made part of the payment.

kyfdx

josbe81 said:

No, do the taxes work differently in New Jersey? Thanks

You pay tax where you live, no matter where you purchase the vehicle.