You are right. It’s basically like having the appearance of buying the car. So you’ll be paying for all the taxes off the car up front which isn’t great, but better than paying double taxes. So at the end of the lease you can purchase the car with no taxes, since it is already paid for.
This is what a lease is like in Texas? If I’m reading the calculator right
Just to be clear, it’s isn’t the appearance of buying a car… balloon “leasing” is buying the car, but with a prearranged re-purchase at the end. I wouldn’t necessarily assume that using a leasing calculator will be 100% useful for evaluating the balloon leasing costs.
Is that program called BMW Owners Choice? Not sure all OEMs have that for states that tax the sales price
Gotcha. Thanks for the assist. Taking something complex and adding another level