A question about leasing in virginia, where the tax is levied upfront on the selling price. Is it just better to just buy the car vs lease? Seems like for an M3 there's an additional ~$7k due at signing. Is it a better deal when buying or is it basically the same amount as leasing - just being screwed for living in virginia?
A question about leasing in virginia, where the tax is levied upfront on the selling price. Is it just better to just buy the car vs lease? Seems like for an M3 there's an additional ~$7k due at signing. Is it a better deal when buying or is it basically the same amount as leasing - just being screwed for living in virginia?
I would say yes - paying 100% of the sales tax for 36 months of use doesn't make sense. And, the more expensive the car is, the more of a penalty you pay.
A question about leasing in virginia, where the tax is levied upfront on the selling price. Is it just better to just buy the car vs lease? Seems like for an M3 there's an additional ~$7k due at signing. Is it a better deal when buying or is it basically the same amount as leasing - just being screwed for living in virginia?
I would say yes - paying 100% of the sales tax for 36 months of use doesn't make sense. And, the more expensive the car is, the more of a penalty you pay.
The payment will be higher if you purchase it.
thank you, that makes sense to me. I freaked out my first year in virginia when they charged me $1600 sales tax on my current lease, whereas in ohio there was no such tax. that's almost three months worth of lease payments!
A question about leasing in virginia, where the tax is levied upfront on the selling price. Is it just better to just buy the car vs lease? Seems like for an M3 there's an additional ~$7k due at signing. Is it a better deal when buying or is it basically the same amount as leasing - just being screwed for living in virginia?
I would say yes - paying 100% of the sales tax for 36 months of use doesn't make sense. And, the more expensive the car is, the more of a penalty you pay.
The payment will be higher if you purchase it.
thank you, that makes sense to me. I freaked out my first year in virginia when they charged me $1600 sales tax on my current lease, whereas in ohio there was no such tax. that's almost three months worth of lease payments!
Ohio charges tax upfront, as well. But, it's based on the total payments, not the full cost of the car, like VA.
A question about leasing in virginia, where the tax is levied upfront on the selling price. Is it just better to just buy the car vs lease? Seems like for an M3 there's an additional ~$7k due at signing. Is it a better deal when buying or is it basically the same amount as leasing - just being screwed for living in virginia?
I would say yes - paying 100% of the sales tax for 36 months of use doesn't make sense. And, the more expensive the car is, the more of a penalty you pay.
The payment will be higher if you purchase it.
thank you, that makes sense to me. I freaked out my first year in virginia when they charged me $1600 sales tax on my current lease, whereas in ohio there was no such tax. that's almost three months worth of lease payments!
Ohio charges tax upfront, as well. But, it's based on the total payments, not the full cost of the car, like VA.
so if i paid taxes in ohio up front, should i have paid sales tax when i moved to virginia?
A question about leasing in virginia, where the tax is levied upfront on the selling price. Is it just better to just buy the car vs lease? Seems like for an M3 there's an additional ~$7k due at signing. Is it a better deal when buying or is it basically the same amount as leasing - just being screwed for living in virginia?
I would say yes - paying 100% of the sales tax for 36 months of use doesn't make sense. And, the more expensive the car is, the more of a penalty you pay.
The payment will be higher if you purchase it.
thank you, that makes sense to me. I freaked out my first year in virginia when they charged me $1600 sales tax on my current lease, whereas in ohio there was no such tax. that's almost three months worth of lease payments!
Ohio charges tax upfront, as well. But, it's based on the total payments, not the full cost of the car, like VA.
so if i paid taxes in ohio up front, should i have paid sales tax when i moved to virginia?
I'm not sure of how VA handles transfers. It's possible you could have received a credit for sales tax already paid in another state, but doubtful. I was just comparing the taxation of the two states. I didn't realize you had transferred to VA during the lease.
But, in a straight comparison, while you pay sales tax on a higher amount in VA, the tax rate is much lower than Ohio.
Can I request the MF and Residual for a 2022 M4 CS xDrive lease for 36 months at 12k per year? I am in Alabama (if that makes any difference).
Appreciate the help.
Also, dumb question: the MF and residual are set by BMW and the number you give me is the (what I would call ) "base" Money Factor and the dealer can add on top of that if they want. Correct?
Can I request the MF and Residual for a 2022 M4 CS xDrive lease for 36 months at 12k per year? I am in Alabama (if that makes any difference).
Appreciate the help.
Also, dumb question: the MF and residual are set by BMW and the number you give me is the (what I would call ) "base" Money Factor and the dealer can add on top of that if they want. Correct?
Local dealer quoting $1,915 drive off, $1,411 monthly payment on an $84,045 MSRP M3 xDrive Comp build. 60025 (taxes 8.25%). MF they claim is 0.00176. Residual 56%.
Marking up the money factor the max allowed
Thanks to you and the other mods here for your help. Turns out I know the manager at the dealer, long story. We got to talking and she agreed to come down on the MF. Ordered the car and awaiting allocation. Likely will be a 2023 model the way it stands. Really appreciate your help!
Hi, I was wondering if you could give me input if the finance and/or lease are good deals? I'm in Virginia, 20147.
Lease MSRP 82,595 payment estimate $1,285.16 Virginia tax included 36 month/12k MF 0.00176 Residual 55%
Rebate Loyalty $500
1st payment + inception fees due at signing Inception fees acquisition $925 Doc $500 Temp Tag $24 Reg est $500
Finance Sale 82,595 Tax% 4.150% Sales tax 3,427.69 APR 2.9% Down payment 0 Rebates $500 Doc fee $500 Reg est $500 Total financed 86,522.69 Finance payment $1,554.32
And since Virginia requires sales tax on full amount for leases, do you think it's better to finance or lease? I really appreciate your help, thanks!
If you think you'll keep the car more than three years, then buying is a no-brainer, vs. leasing.
Of course, paying full MSRP is no fun, in either event.
Do you think I can negotiate the MSRP? I've contacted various dealers and most said there's an 8-12 month waitlist. Not sure if this is a sales tactic.
Hi, I was wondering if you could give me input if the finance and/or lease are good deals? I'm in Virginia, 20147.
Lease MSRP 82,595 payment estimate $1,285.16 Virginia tax included 36 month/12k MF 0.00176 Residual 55%
Rebate Loyalty $500
1st payment + inception fees due at signing Inception fees acquisition $925 Doc $500 Temp Tag $24 Reg est $500
Finance Sale 82,595 Tax% 4.150% Sales tax 3,427.69 APR 2.9% Down payment 0 Rebates $500 Doc fee $500 Reg est $500 Total financed 86,522.69 Finance payment $1,554.32
And since Virginia requires sales tax on full amount for leases, do you think it's better to finance or lease? I really appreciate your help, thanks!
If you think you'll keep the car more than three years, then buying is a no-brainer, vs. leasing.
Of course, paying full MSRP is no fun, in either event.
Do you think I can negotiate the MSRP? I've contacted various dealers and most said there's an 8-12 month waitlist. Not sure if this is a sales tactic.
Sorry, I'm not in the market. I have no idea. Is this one on the lot?
Hi, I was wondering if you could give me input if the finance and/or lease are good deals? I'm in Virginia, 20147.
Lease MSRP 82,595 payment estimate $1,285.16 Virginia tax included 36 month/12k MF 0.00176 Residual 55%
Rebate Loyalty $500
1st payment + inception fees due at signing Inception fees acquisition $925 Doc $500 Temp Tag $24 Reg est $500
Finance Sale 82,595 Tax% 4.150% Sales tax 3,427.69 APR 2.9% Down payment 0 Rebates $500 Doc fee $500 Reg est $500 Total financed 86,522.69 Finance payment $1,554.32
And since Virginia requires sales tax on full amount for leases, do you think it's better to finance or lease? I really appreciate your help, thanks!
If you think you'll keep the car more than three years, then buying is a no-brainer, vs. leasing.
Of course, paying full MSRP is no fun, in either event.
Do you think I can negotiate the MSRP? I've contacted various dealers and most said there's an 8-12 month waitlist. Not sure if this is a sales tactic.
Sorry, I'm not in the market. I have no idea. Is this one on the lot?
No, it's a custom order. I think this car is hot right now, despite the trend towards electric vehicles.
And I just want to confirm the loyalty should be $1k, not $500?
Hi, I was wondering if you could give me input if the finance and/or lease are good deals? I'm in Virginia, 20147.
Lease MSRP 82,595 payment estimate $1,285.16 Virginia tax included 36 month/12k MF 0.00176 Residual 55%
Rebate Loyalty $500
1st payment + inception fees due at signing Inception fees acquisition $925 Doc $500 Temp Tag $24 Reg est $500
Finance Sale 82,595 Tax% 4.150% Sales tax 3,427.69 APR 2.9% Down payment 0 Rebates $500 Doc fee $500 Reg est $500 Total financed 86,522.69 Finance payment $1,554.32
And since Virginia requires sales tax on full amount for leases, do you think it's better to finance or lease? I really appreciate your help, thanks!
If you think you'll keep the car more than three years, then buying is a no-brainer, vs. leasing.
Of course, paying full MSRP is no fun, in either event.
Do you think I can negotiate the MSRP? I've contacted various dealers and most said there's an 8-12 month waitlist. Not sure if this is a sales tactic.
Sorry, I'm not in the market. I have no idea. Is this one on the lot?
No, it's a custom order. I think this car is hot right now, despite the trend towards electric vehicles.
And I just want to confirm the loyalty should be $1k, not $500?
We show $1000 loyalty. But, that's the least reliable part of our info.
Ask the dealer to check it. If it's $1000, they can't keep it.
Comments
What are January 2022 residuals (36/10k and 36/12k) and MF for 2022 M3 Comp xdrive? Any incentives and loyalty? zip 10506. thank you.
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.00123 MF and 56% residual
$1000 loyalty
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.00123 MF and 56% residual
No lease incentives
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The payment will be higher if you purchase it.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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But, in a straight comparison, while you pay sales tax on a higher amount in VA, the tax rate is much lower than Ohio.
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Appreciate the help.
Also, dumb question: the MF and residual are set by BMW and the number you give me is the (what I would call ) "base" Money Factor and the dealer can add on top of that if they want. Correct?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for the awsome info y’all!
Anyone know February mf and rv for m3 x drive for 12/36 and 10/36. Zip 91326
Thanks!
What are the February 2022 residuals (36/10k and 36/12k) and MF for 2022 M3 Comp xdrive? Any incentives and loyalty? zip 10506. thank you.
.00136 MF and 56% residual
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.00136 MF and 56% residual
$1000 loyalty
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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2022 bmw m3 AWD mf and res for 36/10, 36/12 and 36/15 in 92064. Loyalty?
.00136 and 54%
$500 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00136 and 56%
Longer terms not supported.
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What are the March 2022 residuals (36/10k and 36/12k) and MF for 2022 M3 Comp xdrive? Any incentives and loyalty? zip 10506. thank you.
.00158 MF and 55% residual
No lease incentives
No info on loyalty
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Thanks
.00158 MF and 55% residual
No lease incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get MF and residual for an M3 Comp.
36/12k zip is 92805
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Can I please get the MF and residual value for 2022 M3 Sedan? Zip code 60126.
.00158 MF and 53% residual
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I please get the MF and residual value for 2022 M3 Competition AWD 36/10K? Zip code 07974
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi, What are the April 2022 residuals (36/10k and 36/12k) and MF for 2022 M3 Comp xdrive? Any incentives and loyalty? zip 10506. thank you.
.00176 MF and 55% residual
$1000 loyalty
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I was wondering if you could give me input if the finance and/or lease are good deals? I'm in Virginia, 20147.
Lease
MSRP 82,595
payment estimate $1,285.16
Virginia tax included
36 month/12k
MF 0.00176
Residual 55%
Rebate Loyalty $500
1st payment + inception fees due at signing
Inception fees
acquisition $925
Doc $500
Temp Tag $24
Reg est $500
Finance
Sale 82,595
Tax% 4.150%
Sales tax 3,427.69
APR 2.9%
Down payment 0
Rebates $500
Doc fee $500
Reg est $500
Total financed 86,522.69
Finance payment $1,554.32
And since Virginia requires sales tax on full amount for leases, do you think it's better to finance or lease?
I really appreciate your help, thanks!
Paying full sales tax for a car you're only going to have for 3 years is hard to swallow.
And, the lease rate is over 1% higher than the finance rate (4.2% vs. 2.9%)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Of course, paying full MSRP is no fun, in either event.
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And I just want to confirm the loyalty should be $1k, not $500?
But, that's the least reliable part of our info.
Ask the dealer to check it. If it's $1000, they can't keep it.
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Hi everyone,
2022 BMW M3 competition
36 months
12k miles a year
I would like to know what the money factor is for a lease?
Credit is 820.
Dealer offered 0.00216 which seems pretty high.
Please advise.