Deal Check: 2020 VW Atlas Cross Sport SEL Premium R-Line 4Motion

Ask the Hackrs
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1

New to the group, but have been reading the articles and through the forum for a while now. Hoping you all can let me know if I have any more wiggle room.

MSRP: 51970
Sale Price: 43868 (15.6% pre-incentive discount)
Fees: 1325
MF: 0.0014
RV: 54%
Tax: 9.5%
Chicago usage tax: 9% (Ugh!)
Term: 39 months
Miles: 10k miles per year
Payment option 1: 629/mo with $1629 DAS (includes 1st months payment)
Payment option 2: 658/mo with only 1st payment DAS

The Chicago usage tax is killing me, and the MF isn’t the greatest, but I pulled these from Edmonds.

Thoughts?

2

I’m confused, are you getting double taxed? That monthly seems high

3

Unfortunately, yes. In Chicago, you’re imposed a usage tax of 9% once the sale tax is applied.

4

I see, I have not seen this before, sorry. I’m sure there’s people here who are more experienced with a situation like that and can give advice.

1 Like
5

This is normal. Lol. Chicago you may be better off looking at purchasing the car. Just 2 cents.

1 Like
6

If you only intend to keep it 3 years (or 39 months) not really any tax benefit to buying. You pay half the tax rate but on twice the price (since the RV is 54%).

7

Definitely not planning on purchasing it after the 39 months are up. The unfortunate part is no matter what vehicle I look at, I’ll have this additional usage tax to factor in. Just trying to see if this would still be considered a good deal based on all other factors.