- #487 of 536
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Leasing a car in North Carolina but I live in New York
by warhub
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Mar 08, 2008 (4:10 pm)
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Help! The car I want to lease is in North Carolina, but I live in New York State. I usually buy cars in the state where I live and simply roll the sales tax into the payment but the dealer in NC isn't sure he can do that because I live in NY. If he leaves the sales tax out of the payment, how would I go about paying the tax to New York? Also, should I be paying sales tax on the entire price of the car or just the part I leased (the non-residual part)?
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- #488 of 536
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Re: Leasing a car in North Carolina but I live in New York [warhub]
by kyfdx HOST
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Mar 09, 2008 (9:16 am)
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Replying to: warhub (Mar 08, 2008 4:10 pm)
If the car is being leased through VW Finance, then all he has to do is tell them where you live, and they will do the paperwork on figuring the taxes..
In NY, the taxes are paid upfront, but can be rolled into the CAP cost of the lease.. The dealer just needs to get with the bank, and find out the specifics..
I don't think you can pay the taxes at registration, since the car will be owned by the bank.. They have to do it.. So, either way, the dealer will have to find out the amount of tax. Whether you pay upfront, or roll it in, he'll have to have that number, because if it isn't rolled in, he has to collect it and send it to the bank.
VW Finance probably leases cars in every state.. It won't be an issue for them. Your dealer will just have to do a little leg work, and make some phone calls.
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- #489 of 536
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money factor for vw lease
by warhub
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Mar 12, 2008 (8:32 pm)
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I am going to be leasing a 2008 GLI from a dealer in Ohio and I live in NY. Would the lease factor be based upon Ohio or New York? Anybody know what the lease factors are in NY or Ohio for this vehicle so I can do the math? Thanks.
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- #490 of 536
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March lease numbers? Jetta S Auto
by mrnadir
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Mar 13, 2008 (6:48 pm)
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Hi Car_man,
do you know what the lease numbers are for:
Jetta S automatic
ESP option
12000 miles/year
36 month lease
Whats the residual and MF?
Would they be the same as the web ad?
ie. MF=0.00171 and Residual=58%?
thanks!
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- #491 of 536
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Re: 2008 Jetta S Automatic [regency]
by Car_man HOST
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Mar 17, 2008 (2:54 am)
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Replying to: regency (Feb 12, 2008 2:33 pm)
Hi regency. Are your sure that this is an open-ended lease. I don't know of any banks that even offer them any more. Most likely this is a closed-end lease. If this deal is through Volkswagen Credit then it definitely is.
A selling price of $255 over dealer invoice is a very good price for a leased 2008 Volkswagen Jetta. Keep in mind that if you are a current Volkswagen owner, you are eligible for an additional $1,000 owner loyalty incentive that you can use to reduce your car's selling price even further. The fees that you mentioned in your post look reasonable to me. Just make sure that the dealer you are working with uses Volkswagen Credit's March - April buy rate lease money factor of .00111 to calculate your monthly payment and you should be all set.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #492 of 536
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Re: Experience special ordering a Jetta GLI [warhub]
by Car_man HOST
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Mar 17, 2008 (2:59 am)
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Replying to: warhub (Feb 21, 2008 12:27 pm)
Hi warhub. Wow, it certainly sounds like you are interested in an uncommon version of the Jetta. Generally speaking, dealers are usually willing to provide better deals on vehicles that they physically have in inventory than they are on ordered units. The reasons for this include the fact that they would rather lock up a deal immediately rather than run the risk of having it fall apart in the weeks that it takes for an ordered car to arrive and the fact that dealers want to unload vehicles that they have in inventory ASAP so that they can stop paying floorplan interest on them.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #493 of 536
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Re: Jetta Sign and Drive ends 2/29 [miamimike1]
by Car_man HOST
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Mar 17, 2008 (3:06 am)
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Replying to: miamimike1 (Feb 27, 2008 1:14 pm)
Hello MIke. Volkswagen's current lease program on the Jetta is pretty good. However, it is not good enough for me to personally justify just throwing away the final three payments on my current lease. It is always difficult to tell what manufacturers' future lease programs will be like, but the market for new vehicles in the U.S. is pretty bad right now. I don't personally envision Volkswagen making a significant reduction in the lease support that it is currently providing on the Jetta. Its current "Sign Then Drive" event is scheduled to run through April 30th. It you are really worried about missing out on a great deal, lease at the end of April but I personally would wait until the final month of my current lease to get something new.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #494 of 536
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Re: money factor for vw lease [warhub]
by Car_man HOST
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Mar 17, 2008 (3:25 am)
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Replying to: warhub (Mar 12, 2008 8:32 pm)
Hi warhub. The Jetta's lease program is currently the same in every region. It does vary by term and mileage allowance though. You never mentioned what either of these variables are in your post, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jetta GLI with 15,000 miles per year are .00050 and 52%, respectively. If you are a current Volkswagen owner or lessee, keep in mind that VW is currently offering a $1,000 owner loyalty bonus on the '08 Jetta. This cash will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #495 of 536
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Re: March lease numbers? Jetta S Auto [mrnadir]
by Car_man HOST
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Mar 17, 2008 (3:33 am)
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Replying to: mrnadir (Mar 13, 2008 6:48 pm)
Hi mrnadir. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Volkswagen Jetta S with 12,000 miles per year are .00111 and 58%, respectively. Keep in mind that Volkswagen introduced a special $1,000 owner loyalty cash incentive on the '08 Jetta in mid-February. You can use this cash to negotiate an attractive selling price on the car that you want to lease.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #496 of 536
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Re: March lease numbers? Jetta S Auto [Car_man]
by mrnadir
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Mar 17, 2008 (4:28 pm)
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Replying to: Car_man (Mar 17, 2008 3:33 am)
thanks car_man. unfortunately i cannot find the color I want locally on the jetta S so I might settle for a jetta SE lease. Do you know what the MF is on Jetta SE auto at 12K miles /year and residual too?
thanks in advance.
mrnadir
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