Naw, I look like a rich single guy with the two cars in my driveway. It is starting to make me feel irresponsible to carry 2 car payments and 2 insurance payments for one person. I could have waited a year before getting the M2C, but in my mind thatās a year of fun I can have instead! Happy with my decision. I havenāt posted this on the other lease sites yet, but I highly doubt iāll be offering this same incentive there.
Looks like $257 (before any tax). Iām probably offering too much.
I rent as well. Itās way cheaper than the 1bd apartment I was renting in LA. If I was smarter I should have bought a house instead of the M2C, but I wanted some fun and not ready to own a house yet.
If you are a non-Texas resident, and move with a leased car to Texas, you do not have to pay taxes on it. If you are a Texas resident, and bring a leased car into the state, you do have to pay taxes.
As a data point on the subject, I live in Wisconsin and transferred a 340i mid-lease to a friend living in Austin. He had to pay full 6.25% tax on the assessed value of the car at the time (TX has a calculator for this?) Was over 2K cash and absolutely absurd. But he loved that 340iā¦
Not sure thatās true, but it doesnāt matter. When you move to Texas you have 30 days to register your car. You fill out form 130-U, and check the $90 New Resident Tax box and you are done.
Long story short, if you are moving to Texas, lease before you get here.
Lol. Nice car n payment. But you will get a lot of trash PMās here. Honestly, the amount of incentive you are offering, just post on swapalease and it will be gone much quicker. Your chances of finding a local buyer will be much higher.
Also, I suggest you call MBFS, Swapalease and finally to confirm, DMV Texas to have a complete idea of how the process of transfer would work in regards to taxes and all. How would you be able to sell to someone, if you canāt explain the tax consequences properly to them?
Also, you may not even need that much incentive om swapalease. The listing fees should offset it easily and Im sure they have much better experience with this kind of situation.
Have a question perhaps someone has knowledge about. If an interested buyer that lives in California took over the transfer, and brought it back to California, how would the taxes work? Would tax be assessed only on a per month basis?
Hi, Iām interested and in TX. Curious about the burnāhow will this impact the turn in process? Have you assessed how much MB will charge as a penalty? Thanks
Hi, I havenāt had any reason to look into it yet. Itās minor cosmetic so I donāt personally expect it to be much. Before buying the M2C I was looking into an AMG and the dealer didnāt even notice it when they looked at my car for trade in. Or they did and didnāt care to mention it, which is also possible. So they may notice it, they may not. Iām not worried about it myself. My previous plan was to just have a detailer do a light clean on the headliner spot, I havenāt touched it yet. YMMV
Iāll be paying the November payment soon. Does it sound fair that I reduce the incentive each time I cover a payment? Keep the same general monthly amount, but adjust the incentive accordingly.
It is starting to make me feel irresponsible to carry 2 car payments and 2 insurance payments for one person. I could have waited a year before getting the M2C, but in my mind thatās a year of fun I can have instead! Happy with my decision. I havenāt posted this on the other lease sites yet, but I highly doubt iāll be offering this same incentive there.
