I’m looking to buy out my lease one month after signing it. I get $7,500 if I lease, that’s why I’m looking to lease instead of purchase. I’ll be putting down $8,000 due to credit card spending and getting points. I plugged in the numbers into the calculator, but they seem quite low. Any suggestion…

Ignore the years. You are financing the car right after leasing. The faster you buyout the better. The MF is very high on the lease. I have no idea what your tax rate in CA is so make sure that’s accurate. Find a CU giving a good rate to fund the buyout. USSFCU still has good rates I think. You can…

[image] johnmolani: Also 6.5 years seems okay of a deal. Why does the LH score matter if you’re buying it out after a month?

My man even the EQS leases are funded by this loophole. Taxpayer money put to good use lol.

[image] itsrishi: You’ll save $7500 - ~$700 (tax on the $7500) - acquisition fee ($625 per your calculator) = ~$6k Less than double taxation on depreciation. :sunglasses: Let say another ~ $1200 in Your case. So real saving will be ~$4800

He doesn’t pay taxes upfront in CA.

[image] voxel: There’s a loophole in it for leasing companies who can pass through the savings to the customer. Its not a loophole though… it specifically mentions that its for leasing.

Good for him. We are not that lucky in NY .

Yea it sucks for us, no MSDs sucks as well.

But we have one pay (MB, Nissan) or option to buy from NJ dealer with MSDs for some selected brands.

Because I want to know if I’m getting a deal.

Good Deal to buy out Ioniq 5 Lease?

Ask the Hackrs Buy/Finance

mllcb42 April 27, 2023, 2:19am 18

Its not a loophole though… it specifically mentions that its for leasing.