@delta737h
Please know that I appreciate you helping out a newbie here. I know I am asking alot here. Please see my line response below.
I am looking forward to ramp up my 101 and start contribute here in future.
Regards
Ccuser011
…In other words, it’s capitalized.
I read that its better to prepay TTL. Therefore I am planning to prepay it all (reg, acq, sales tax etc). On a relevant note, why is TTandL encouraged to prepaid? what if I roll it all into cap and let’s say I total the vehicle in 2 months. Am I liable to pay these fees or will lease GAP insurance will cover it?
Unless you received tax credits, the sales tax should be…6.25% x (49,751 + 4,000) = 3,359.44
Tax is calculate as following = (51951-4000) * 0.0625 = $2,996.93
Customer rebates are taxable in TX as far as I know
Agreed! That’s what I thought. Another dealer was applying rebate after tax but this dealer is applying rebate before tax. Should I correct the dealer or stay quite?
The 0.00190 money factor seems high (about 4.56%) and may have been marked up.
They started with 0.00252…I haggled them with .00165 counter. MS stated that their buy rate is 0.0018 and they want to make money on it. SM is not budging. Hey only came down to 0.0019 when I said competitor is offering it.
If you can use MSD’s in TX (I think you can but not sure), you can use them to drive down the buy rate.
I have not asked the dealer yet. I am not trying to scare them with flood of data request. I am negotiating in small bite sizes. I will confirm if its available here.
Also, your sell price looks high to me… inventory of area dealers to get some sense of supply? How strong is demand?.. … add another 10% discount of your own just to have a place in which to start negotiations
I have not seen any data point suggesting people are getting more than 10% off of MSRP (before rebate) in DFW market on 2019. There are 2 companies controlling all of DFW dealerships. Couple of them are sold out on GX with 1-2 week lead time. Online they show 15-20 in stock. I think it is low (compare to rows and rows of RXs). What are your thoughts? Is it realistic to drive down dealer discount more than 10% in DFW. Should I expand my search to nearby cities?
Be sure you’re getting all rebates/incentives
Yeah, I checked LFS and Edmund. Looks like $4k is the only rebate available. There is college grad rebate. Can I tap that if I am in “collage” . Any idea how do they verify?
Make sure that you are controlling the deal, not the dealer. Here’s the link…
Thanks for sharing the link. I will certainly re-calibrate my approach based on your input.