Hi all, looking for opinions on this deal and where I could better? Don’t want to assume but probably just a further discount on MSRP? I’m located in Philly, PA & dealer is in NJ.
MSRP: $52,750
Dealer discount: $3,100
Rebates/incentives: $10k cash + $400 college
Selling price: $39,250
Doc fee: $594
TTL: $275
1st mo/TTL DaS.
Created a calc trying to match figures:
The numbers look good. You can maybe ask for a bigger discount.
I have two questions though:
Yes, 6% PA tax, 2% Philly city tax, and a 3% lease tax.
And yes, incentives are not taxed in PA.
Well with that information, I am assuming if you structure this lease as a OnePay, the incentives could potentially be taxed? Not sure here.
Usually when the incentives are taxed, OnePay tends to improve the monthly by a significant amount. Not sure how these dealers structure their OnePay leases.
not totally related to the post but why would one pay improve taxed incentives? Aren’t they the same(taxed)?
Hi, any chance to get the broker number?
Ty
No broker mentioned and I doubt OP is going to share dealer info before signing the deal, and that’s if the dealer wants to replicate for others. You have the numbers, put in the work and make offers as they apply to you.
I have seen some deals where the $10k was applied as a post-sale incentive rather than a credit. In this particular case the incentives would be taxed. I would assume it would depend on how the dealership structures their deal. So maybe just be cautious of this.
Can you point to an example of this?
I negotiated this deal myself. I’ve only reached out to 3 dealers so far and am confident I can get a bigger discount elsewhere.
I live near Hoboken and most of them aren’t cooperating if I don’t schedule a test drive. If you would like to ask them for a deal for 2 to decrease the price then I am in.
No. I can’t find that contract at the moment. I did look. I believe these were the contracts with negative depreciation if the incentive were used as a cap cost reduction.
I have seen people get bigger discounts on Ioniq 5’s but that may also be state dependent. Maybe try looking at a few more dealerships?
Edit: I will add though that based on the total cost for the lease the deal looks good!
Hey guys, I didn’t end up committing but the salesperson called me and said they had a handful of 2023s come in and sent me a quote. He used the same due at signing numbers from my previous quote and said monthly incl. taxes, but I’m actually now registering in MD instead of PA so I know that changes things.
He did this all right before they closed so I didn’t manage to get addtl info such as the breakdown of incentives/MF. All I know is that they discounted the vehicle $15k.
Is this a deal worth considering?
That’s a huge increase in taxes
Yeah I’ve recently moved from MD to PA and establishing residency here, it’s taking longer than I thought.
This deal comes along and I just am contemplating if it’s worth it, even if I didn’t re-register/title the vehicle by using my MD address.
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