Last post on Sep 20, 2005 at 8:08 AM
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Sep 19, 2005 (7:44 am)
I am looking to lease a 2006 Saab 9-3, MSRP 30270, Selling price 27454 (GMS employee price), 24 months, 12k mi per year. Can you calculate the money factor and monthly payment for both 24 months and 36 months? Saab has a national advertised rate of 299/month plus 2999 down, but It isn't clear to me how much of that is acquisition cost and fees versus cap cost reduction. I also want to avoid paying money up front as you suggest. Thanks for the help!
#23864 of 23872 Re: 2006 Accord V6 models [Car_man]
Sep 19, 2005 (7:47 am)
I just saw that post. Thank you Car_man.
#23865 of 23872 Re: Calculating tax [skoontz]
Sep 19, 2005 (8:26 am)
The current law in Texas sure enough does require that you pay the 6.25% sales tax on the entire purchase price of the vehicle. The law in some states only requires tax to be paid on the portion that is "used" by the lessee. Also, it some cities there is additional "personal property" tax regardless of whether the vehicle is used for personal or business purposes. Example, I had to pay sales tax on entire purchase price...so I had Honda Finance roll that into my monthly payment. I also live in Midland....so each year I will have to pay personal property tax on my Accord whether I use the Accord for personal or business purposes. Of course it does not make Logical Sense...but I have been a lawyer here for 35yrs and this is just one of a zillion laws we have here in Texas that makes no logical sense. But it is the Law. .....that is why I choose the Accord because the lease support in August made the interest rate less that 1%....afraid you will want to wait until you also can lease at a very low interest rate. Unfortunately, Honda does not presently have any lease support. But some manufacturer will by the first of next year. Best wishes. John Roosa
#23866 of 23872 2006 Honda Civic LX Coupe
Sep 19, 2005 (8:53 am)
How can I find out the buy rate lease money factor and residual value for a 2006 Honda Civic LX Coupe for a 36 and/or 39 mo. lease with 15,000 miles/yr. in Orlando, FL? Is this information that I can simply ask the salesperson for over the phone? Do I have to visit the dealership to get this info? I am trying to gather as much information as I can BEFORE I go into the dealership to make my purchase/lease.
#23867 of 23872 Pilot Lease
Sep 19, 2005 (9:06 am)
Looking to Lease a Pilot EXL in Southern California and wanted to see what the residual and money factors were like
36 months (or other term if there is a better residual for them)
Thank you for your help,
#23868 of 23872 Re: Infiniti G35x Lease questions [Car_man]
Sep 19, 2005 (9:47 am)
Thanks for your quite helpful reply.
#23869 of 23872 05 Chrysler Crossfire Limited Lease
Sep 19, 2005 (11:08 am)
Is Chrysler offering any lease support on the 2005 Crossfire Limited with auto trans? Interested in leasing one 15k miles year. Any hot 24/36/39 month deals going on for this model? What kind of res. and MF are we looking at? And any lease cash available? Thanks!
#23870 of 23872 Re: 05 Chrysler Crossfire Limited Lease [kmouradian]
by Kirstie@Edmunds HOST
Sep 20, 2005 (5:09 am)
You might check and/or post in our Crossfire Leasing discussion.
#23871 of 23872 Re: Calculating tax [roosa]
Sep 20, 2005 (8:01 am)
Thank you for the insight.
I'm still looking for someone to share experience/knowledge on whether I should pay sales tax up front or roll into cap cost.
My hypothesis here is that I avoid paying interest on sales tax by paying up front. If this logic is flawed, someone please let me know.
#23872 of 23872 Re: Calculating tax [skoontz]
by kyfdx@Edmunds HOST
Sep 20, 2005 (8:08 am)
The interest on the sales tax is minimal... If the sales tax is $2K and the money factor is .0020, then the extra finance charge is $4/mo....
The advantage of rolling it in? The leasing bank pays the sales tax upfront, and the amount you rolled in to the lease payment is converted into debt, no different than the debt incurred for the purchase price.. If your car is totaled or stolen soon after lease inception, the GAP insurance will pay off any debt that your insurance doesn't cover...
If you pay that sales tax upfront, your money is gone....
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