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(New York 8.875%)
MSRP- 46,422
Sale price- 42,044.38
Sales tax- 1,276.74
Acquisition fee- 700
Cap cost reduction- 40
Net cap cost- 43,981.12
Depreciation cost- 11,949.94
Residual (69%)- 32,031.18
Rent charge (0.00115)- 2360.07
=530.00/mo for 27 month lease
Anyone help me with how NY tax is calculated please? I know they tax on sum of all payments and any non-dmv fees (only the 700 acquisition fee for this one since I paid doc fees upfront) thanks!
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2015 Subaru WRX Premium 6mt, 36 mo./15k lease, NY, MSRP $30,460, Sale price #28,081, tax $1043 (not sure if correct or how this was figured);
other fees (are these part of cap cost?) title $10, admin $396, Inspection $30, acquisition, 595.
I would like to know money factor and residual, and exact calculation of lease payment. Also, how much I need to put down upfront to keep payment at $350/mo. Thank you!!!
The article at the top of this discussion explains how to build your own spreadsheet to perform the lease calculations.
We need to know the net cap cost (sale price + fees and taxes) in order to calculate the payment.
We do not recommend putting money down on a lease - if the car is stolen or totaled, you lose that money.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Knowing the fees isn't enough - are you paying them up front or adding them into the sale price?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Ask the dealer for the net cap cost - if higher than the agreed upon selling price, ask them what's been added to it.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2018 Mazda 6 Signature:
MSRP: $35,645
Discount: $2,542
Vehicle Selling Price: $33,103
Document Prep Fee: $141
License/Title: $300
Acquisition Fee: $595
Tax Collected (6.625%): $1,034.95
Total Cap: $35,173.95
Rebate: $360
Down Payment ($1,000) - 1st Payment ($437.06) (subtract from cap): $562.94
Net Cap: $34,251.01
36 Month Payment: $437.06
Money Factor: 0.00001
Annual Mileage: 12,000
Residual: 52% off of $35,645
Residual Amount: $18,535.40
That's not exact but pretty close. They actually calculate the payment without the tax number added in, and calculate the tax off of the pre-tax payment.
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I think I've been staring at numbers for too long, or perhaps I'm just too dumb to understand all this stuff. Either way I'd greatly appreciate some help.
I'm in Austin, TX. I understand that might make things a little more difficult because of taxes but I'm not quite sure how.
The numbers are as follows:
MSRP: $27,143
Selling price (excluding tax): $24,906
RV: 58%
MF: 0.00085
Sales tax: 6.25%
Acquisition fee: $595
Government fees: $353
$0 down.
If it makes any difference, this is a demo vehicle with roughly 2100 miles on it.
I just need help understanding what I should realistically be paying monthly, with taxes and everything included.
Thanks in advance!
In Texas, you pay tax on the entire selling price, even though you are technically just renting it for 3 years. You can choose to pay the taxes up front, or add them into the selling price and make them part of the monthly payment.
Second, is it $0 down, or $0 due at signing? They aren't the same thing. Down payment (known in lease-speak as cap cost reduction), is money you pay to lower your monthly payment. Monies due at signing may include the cap reduction, but may also include the first lease payment, taxes and fees you are not rolling into the lease payment.
What we recommend for Texas is that you pay the first payment and the registration costs when you sign the paperwork.
Therefore, the cap cost is $24,906 + 595 acquisition fee + $1594 tax (on the selling price plus acq fee) = $27,095
If there is a dealer fee, we have to account for that, too.
With the MSRP, RV and MF supplied, that equates to a payment of $352/mo. The taxes alone are adding almost $45/mo to the payment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can you help me determine what's the cheapest monthly payment I can get for 36/12, $0 down payment. I'm in Houston, TX so I'll get screwed with the taxes.
MSRP: $38,150.00
Selling price: $38,150.00
RV: 59%
MF: .00158
Incentive: $750 lease cash
Sales tax; 6.25%
Acquisition fee: $595
$0 down
Thanks in advanced for your invaluable help
I thought I heard the Infiniti was a good deal now. No clue about the VW, but at lest they are big!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
https://forums.edmunds.com/discussion/56677/hyundai/palisade/2020-hyundai-palisade-lease-deals-and-prices#latest
But, if you are looking for a good deal on an SUV, then picking a popular model that they are asking full MSRP for is not the way to go.
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2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
A factory to dealer incentive ("dealer cash") results in a lower selling price to the customer. It doesn't have to be disclosed to the customer, but once you know about it, you can adjust your price target accordingly.
A factory to customer incentive functions much like a down payment, to lower the cap cost - this is what @stickguy is referring to. If available, the dealer has to give it to you.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2021 GLA250 fwd
Msrp 39,725
Adj 35,377
Trade in 30,500
Diff 4,877
Lien payoff 32,985.68
Taxes 374.63
Documentation 699
MVWR/title/reg/filing 144.75
——
Balance 39,080.96
$624 monthly $0 for 10k/3yr
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4