Hi all, just closed this deal below. I tried getting as close to the 1% rule as possible, but it is hard in state like Texas where the lease is taxed on the full sale price. How do you think I did?
Year, Make, Model, and Trim: 2017 Acura MDX w/ Tech Pkg
MSRP: 49,435
Selling Price: 45,150
Rebates: 500 for college grad, 1000 lease cash
Trade-in: 0
Months: 36
Annual Mileage: 10,000
MF: .00077
Residual: 58%
Security Deposit: 0
Total Due At Signing: 1,153 (1st mo. payment and $600 fees)
Monthly Payment (incl. tax): 553.36
Zip Code: 77498
Sales Tax Rate: 6.25%