Thank you! Thank You! I can’t believe I got $2000 more off with only a phone call. Not that that’s great ,but I feel like there is hope. I sent a few emails. They of course say everything will change tomorrow with the new month. Thanks again.
Could you please tell me? I’m going to post to see if the residuals and MF are the same for February on the Lexus RX 350 F Sport I do use the zip code where I’m purchasing or my zip code?? I hope that question isn’t stupid!
The zip code where you reside, i.e. the zip code on your registration
You really don’t know how greatful I am for the knowledge. I pay sales tax on only the portion of the lease I use right? I pay that upfront too right? I surely don’t want to pay interest on tax. BTW I got it down to $4800 below Msrp so far😳 Just don’t want any unnecessary stuff or tricks showing up…fees and stuff.
You were so right! Thank you! So far I got 4800 below msrp. Thank you for sharing this !!!
In PA I believe you pay sales tax on each monthly payment, not upfront and not with interest. AFAIK
Someone with direct knowledge of leasing in PA can confirm.
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Thank you .yes , sales tax . I’m sure is only on the portion that you are using…not the sell price . S only the sales tax on that and 9% use tax monthly.
Here’s the deal msrp $61,768 - $6008 off =$55,760
36/10,000 MF .00080 Residual 64% with 5 MSD + tax and fees. $527.17 Please advice.
What are you paying upfront? Is acquisition fee rolled in (seems like probably not)? Are they giving you the $500 lease cash available (is it included in selling price)?
I can’t back into your monthly number unless $527 is the untaxed monthly payment? If so, the payment with tax is about $569 (assuming 8% sales tax).
I am not sure you will do a ton better on that particular vehicle – we do not see a ton of great lease deals of Lexus around here.
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$2750 MSD $3091.14 tax tile and fees…I’m assuming add monthly tax to it also. Just emailed back ,because they had 1% more sales tax than I pay. Thoughts please???
I would roll everything but dealer doc fee, registration and first month payment into the lease and max the MSDs and see what the payment looks like. Better off using the cash upfront to reduce the money factor. I would personally go for a slightly better discount. You are only getting about 9% off after accounting for the lease cash. One approach might be to say to the dealer that you only want to pay first month payment and MSDs at signing and push them to eat registration, doc fee and acquisition fee. It is a tactic I have used in the past. Are you in a hurry to buy; if not, I’m certain you can eclipse this deal with the benefit of time and effort.
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I got some time. I just figured why pay interest on tax. If I can pay why not pay it up front. I was just frankly a little leary of put all those MSD out. I have never done that.
No risk with MSDs. The interest rate you are paying is near 0%. When money is that cheap, take it. I would not recommend rolling in non-taxable items (registration, first month payment), because then you are subjecting yourself to more sales tax. But the interest rate, especially if you max the MSDs is so low that I wouldn’t worry about the interest. You can put that money to better use in the world.
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Ok, I’m truly greatful for the advice. I have to pay sales tax on the depreciation right? Thank you so very much.
Correct. The entire payment is taxable, so you pay tax on the depreciation component and interest component.
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Thank! Thank! You pay sales tax that you suggested I roll into the payment on the lease portion that I’m paying " the depreciation " right ? It’s a little over $3000 dollars in tax. See I’m glad I got advice I just figured why pay tax on something I already had to pay. However your way is less $ upfront. I’m so greatful for the advice Thank you.
Sales tax will just be part of the monthly payment. The items typically due at signing are: first month payment, state registration, dealer document fee and MSDs. The acquisition fee can also be paid at signing. Of those items, only the dealer document fee and acquisition fee are subject to sales tax. The registration and first month payment are not taxable; therefore, you would not want to roll them into the capitalized cost and make them taxable. My preference is to only pay (1) first month payment; (2) dealer document fee; (3) registration and (4) MSDs at signing. I roll in the acquisition fee. I think it is fine to roll in the dealer document fee, I just don’t typically. Hope this helps.
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Is the below a good deal? RX 350 F Sport; 36/10 lease
36 months, 10k miles and upfronts down at signing?
$1,183 at signing
$634.96 plus tax per month
$6,000 discount off of MSRP($60,090)
.00105 Money Factor
$37,188.65 Residual.
No. Below is the deal I got last December. You should take advantage of MSDs.
I was at $468 with similar down payment, however $4500 of MSDs. It also included $1250 in incentives. Lexus of Van Nuys…Keyes. Christophe Keen.