CA Single Pay Lease: Should the rebate be listed in section #2B under capitalized cost reduction (currently states N/A) or is it in the right place on the itemized break down (sect 6.B-2). Does it even matter? Which one is correct?
Depends on the type of rebate if it’s something like a fleet rebate that is manufacturer to dealer, it can be listed as a discount or a rebate depending on the dealer. If it’s manufacturer to consumer such as the 7500 EV rebate then it should be on that line.
Nope. If it was listed as a CCR, then it definitely would be taxable. The only rebate is the 1,000 and it is listed in the right place. It’s just used as a credit against the total upfront costs of 13442.03. So, your DAS = 12442.03. I’m surprised that there was no tax levied on the acq and doc fee.
Your money factor is .00221 The MSRP appears to be 27519 for which the dealer discount is 2000 as the sell price is 25519. Sales tax rate is 10.25%. Residual factor = 65%.
Don’t know if this is a good deal or not but my gut tells me it’s not. The MF looks awful high for a one pay and the 2000 dealer discount reflects 7.3% off MSRP probably not bad but not good either.
There is no 7500 EV credit in this lease contract.
