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23872 messages, Last post on Sep 20, 2005 at 8:08 AM
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Replying to: Car_man (Aug 22, 2005 2:08 am) And is there a way to keep the salesman honest about my credit tier? So I will not be given a quote calculated with tier B, while in fact I am qualified for tier A. Thank you. Ning |
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| please advise if this is a good deal. journ/tech pkg,15k/yr,39months,612/mo with 1,700 incept. plus multiple sec. dep of $5,600. list is 51,100, sell is 48,724 mf is .0014, residual is 29,369. cars are on lot. please let me know carman | |
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Hello, I'm working a lease deal on a 2006 BMW 530i. In Texas (I live in Austin), sales tax must be paid on the full selling price. So, I'm trying to figure out if I pay the taxes in full at inception or roll them into the capitalized cost. The deal looks like this: 2006 BMW 530i MSRP $53,465 Sales Price $51,500 Acq Fee $825 Sales Tax (6.25%) $3223 Sec Dep $700 Residual 62% MF .00215 36 months; 12K miles/year Lease payment is ~$690/month So... 1) Does this look like a good deal? 2) How have others in Texas handled sales tax on a lease? Many thanks in advance, Sean |
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Car_man: Could you provide MF and residual for the following: 2006 Freestyle Limited, FWD, w/o Nav 12,000 miles per year 24, 36, 48 month lease 2006 Explorer Limited, 4x2, w/o Nav 12,000 miles per year 24, 36, 48 month lease Thanks/// |
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Gurus - On a lease - do you calculate your tax on the negotiated sales price of the car then divide by your number of months or do you calculate your monthly lease payment then multiply that by your tax rate ? |
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Replying to: dpav (Sep 17, 2005 5:17 am)
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Replying to: kyfdx (Sep 17, 2005 7:24 am) |
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Replying to: kyfdx (Sep 17, 2005 7:24 am) Ning |
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Car_man, do you have the data for the 2006 Honda Accord V6 models? In particular, could you post the residual values and money factors for LX V6 and EX V6, automatic trans. w/o Navi., for 24 month and 36 month terms? Thank you. Ning |
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Replying to: dpav (Sep 17, 2005 5:17 am) In NY, you multiply your monthly payment by the tax rate (ie, you pay tax on only your depreciation portion, but also on the interest as well). In NJ, you calculate your total tax by multiplying the tax rate by the depreciation portion (selling price - residual). Then you spread that over the term of your lease. ie, no tax on interest. |
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