Hello, New user here! I was able to get in on a lease deal for a 2024 VW ID.4 Standard, and I wanted to clarify how taxes are applied to EV leases in Washington. Here are the lease details:
I was under the impression that EV leases under $45,000 are exempt from Washington state sales tax (up to $15,000 of lease payments). However, the dealer mentioned that taxes are included in the lease cost.
My Questions:
Are there any additional taxes or local fees in King County, WA that would still apply to an EV lease despite the state exemption? Should I confirm with the dealer whether the sales tax exemption was properly applied to this lease? Any insights would be greatly appreciated! Thanks in advance.
I'm trying to figure out how VW is coming up with this lease payment. The math with the current incentives doesn't seem to work. What am I missing:
MSRP: $39735 Cap Cost: $27436.49 Cap Cost reduction of $151 Residual: I assume 58% for 2 yr/20k so $23046.30
Dealer is saying that the monthly pre-tax will be $149. Something is not working for me as I come up with a much higher monthly if I just plug in numbers to a lease calculator.
I'm trying to figure out how VW is coming up with this lease payment. The math with the current incentives doesn't seem to work. What am I missing:
MSRP: $39735 Cap Cost: $27436.49 Cap Cost reduction of $151 Residual: I assume 58% for 2 yr/20k so $23046.30
Dealer is saying that the monthly pre-tax will be $149. Something is not working for me as I come up with a much higher monthly if I just plug in numbers to a lease calculator.
I'm trying to figure out how VW is coming up with this lease payment. The math with the current incentives doesn't seem to work. What am I missing:
MSRP: $39735 Cap Cost: $27436.49 Cap Cost reduction of $151 Residual: I assume 58% for 2 yr/20k so $23046.30
Dealer is saying that the monthly pre-tax will be $149. Something is not working for me as I come up with a much higher monthly if I just plug in numbers to a lease calculator.
The MSRP is $41,160 once you add in destination. That raises the residual, and lowers depreciation (and the payment)
I'm trying to figure out how VW is coming up with this lease payment. The math with the current incentives doesn't seem to work. What am I missing:
MSRP: $39735 Cap Cost: $27436.49 Cap Cost reduction of $151 Residual: I assume 58% for 2 yr/20k so $23046.30
Dealer is saying that the monthly pre-tax will be $149. Something is not working for me as I come up with a much higher monthly if I just plug in numbers to a lease calculator.
I posted this earlier, but here it is again.
Here is the breakdown for the $149/ mo Standard trim lease:
MSRP: $39735 + $1425 Destination = Total MSRP of $41,160
$41,160 - $5050 (dealer cash) - $7500 (lease incentive) - $151 (cash cap reduction, left over from the $999 down after paying first payment and acq fee) - $1,022.51 (dealer discount) = $27,436.49 (the cap cost in the ad fine print)
This is a RV of 58% (24 months 10K a year) and a MF of 0.00001
Using the above MF and RV that gives you a payment of exactly $149 a month.
That sale price is the MSRP - the dealer cash, rebate and dealer discount, (the $151 is cap reduction is in the downpayment). Acq fee isn't factored in since it paid with the $999 due at signing. Payment is $149 exactly.
Obviously no tax, title, dealer fees included, but the ad covers that.
Comments
If so, take this deal and run. Super cheap
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Can I please get RV/MF/Incentives on 2024 Volkswagen ID.4 AWD Pro S AWD and the ID4. AWD Pro for 24/10k and 24/12k in 98109
.00001 MF and 57% RV
$7500 EV lease credit
Dealer cash
Pro S - $6500
Pro - $6200
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Standard 24/12, 24/15
S 36/12, 36/15
Pro (RWD) 24/12, 36/12
Thanks!
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Can I please get the RV, MF and incentives on the Pro S AWD in 01950?
Thanks.
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$7500 lease cash
$6500 dealer cash
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MSRP: $39735
Cap Cost: $27436.49
Cap Cost reduction of $151
Residual: I assume 58% for 2 yr/20k so $23046.30
Dealer is saying that the monthly pre-tax will be $149. Something is not working for me as I come up with a much higher monthly if I just plug in numbers to a lease calculator.
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Here is the breakdown for the $149/ mo Standard trim lease:
MSRP: $39735 + $1425 Destination = Total MSRP of $41,160
$41,160
- $5050 (dealer cash)
- $7500 (lease incentive)
- $151 (cash cap reduction, left over from the $999 down after paying first payment and acq fee)
- $1,022.51 (dealer discount)
= $27,436.49 (the cap cost in the ad fine print)
This is a RV of 58% (24 months 10K a year) and a MF of 0.00001
Using the above MF and RV that gives you a payment of exactly $149 a month.
It looks like you aren't putting the correct numbers into the calculator if you aren't getting the correct payment. The math very much does make sense. See here: https://www.calculator.net/auto-lease-calculator.html?cloanamount=27,587.49&cmonthlypay=600&cloanterm=24&cratetype=moneyfactor&cinterestrate=0.00001&cdownpayment=151&ctradeinvalue=0&csaletax=0&cresidualvalue=23,872.8&printit=0&ctype=standard&x=Calculate
That sale price is the MSRP - the dealer cash, rebate and dealer discount, (the $151 is cap reduction is in the downpayment). Acq fee isn't factored in since it paid with the $999 due at signing. Payment is $149 exactly.
Obviously no tax, title, dealer fees included, but the ad covers that.
Can I please get RV/MF/Incentives on 2024 Volkswagen ID.4 S RWD for a 24/10k and 36/10k in 90242. Thank You!
58% and 51% RV
$7500 EV lease credit
$6100 dealer cash
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Do you have any 2025 numbers yet?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I please get RV/MF/Incentives on 2024 Volkswagen ID.4 Pro S AWD, ID4 S RWD, ID4 Standard RWD 24/10k and 36/10k Zip code 27545. Thanks!
58% and 51% RV
$7500 EV lease credit
Dealer cash
Pro S AWD - $6500
S RWD - $6100
Std RWD - $5050
Edmunds Price Checker
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
58% / 51% RV
$7500 EV lease cash
Pro S - $6500 dealer cash
S - $6100 dealer cash
Edmunds Price Checker
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello, can you give me the RV and MF for a 2024 VW ID.4 Pro AWD at 36 months / 15,000 miles in either 97701 or 85086?
$7500 EV lease credit
$6200 dealer cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello! MF, Residual value and any incentives for a Pro S AWD in 49234 for a 24/15 and 36/15 please. Thanks!
55% and 48% RV
$7500 EV lease credit
$6500 dealer cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi, can you please share residual, MF and incentives for:
2024 and 2025
Pro S AWD
7500/36
Zip 11772
.00001 MF and 52% residual
$7500 EV lease credit
$6500 dealer cash
Post 2025 questions in the appropriate discussion
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2025 Pro and Pro S
36/10,000
Zip: 98001
Thank you!
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$7500 EV lease credit
Pro - $6200 dealer cash
Pro S - $6500 dealer cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige