My goal is to try and take advantage of the $4500 lease cash oferred by Lexus on a 2025 ES350 model number 9006A. The car has a MSRP of $51,734 with a selling price of $47,094. I live in Indiana with a 7% tax rate. I currently have a paid off trade that the dealer is offering me $38,000 for. What’s the best way to set up a lease to take advantage of the lease cash and do an immediate buyout. Any estimate on how much of the $4500 I could net from doing this. Would a one payment lease be optimal?
Not an experienced hacker, but I feel badly that no one has yet responded.
Are you planning to finance or pay cash for the remaining balance when you buy it out? If it’s the latter, you don’t live in a state that “double taxes,” and give (edit: given) the trade in, I think whatever advantage the one might have is probably very minor?
Is $38K for your trade a fair offer?
Not sure you mean by asking how much of the $4.5K rebate you will net.
Some of it will be eaten up by the acq fee, buyout fee, etc
Ah.
I was wondering if OP was trying to ask if there was any way to maximize how much he nets from the $4.5K (eg., one pay vs. not). I assume nothing (aside from simply not leasing) changes how much of the $4.5K he retains?
How much is the tax break on your trade in towards the Lexus vs the 4500 incentive
Did a bit more negotiating. They are now allowing 39000 on trade in with no balance owed. In Indiana your sales tax is based on difference if you trade.
Would pay cash on buyout
In Indiana you’re taxed on difference. Our tax rate is 7 percent
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