Does anyone know if I lease a car outside of Texas will I need to pay taxes upfront? Or are they still able to roll it into the payments?
Yes you should be able to do both as long as the dealer does taxes properly.
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2 other things to remember
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“Rolling in” sounds fairly innocuous to most people. It is actually borrowing that amount and paying interest on it, ie taking a loan.
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Tax credits at Texas dealers/captives are the only way to practically eliminate TX taxes, assuming the rest of the deal is good.
The only issue I see is that a Texas dealer might have tax credits available. Tax credits make Texas deals better than most when they are available. An out-of-state dealer will not have tax credits available and you will pay the full boat.
I understand, it has just been impossible to find a gls 580 with decent specs in this state. They seem to sell the second they arrive. Even if I found one, I doubt a dealer here will give me tax credits on it, he would have no reason to.
I also understand I am paying more to roll them into the lease, but if I don’t that is like putting $5k+ down on a lease. I won’t see that money again if the car gets totalled.
I am not sure if I am going to be leasing this car, but either way, I need to find one first.
The taxes in texas often make leasing a poor value proposition.
Yes, it’s ridiculous. But we only keep our cars for 3 years, I don’t want to hassle with them past warranty. So purchase or lease I am going to be paying those taxes either way.
Ya, but with the lease you get the added benefit of the $1000 acquisition fee and typical high mb mfs that generally get washed out with the tax advantages.
Chances of totalling a brand new car are incredibly low.
But if you’re looking for “peace of mind” you should look into an “agreed value” insurance policy from a specialist insurer like Hagerty. The policy will pay out the previously-agreed number regardless of what the book value or ACV might be.
Completely agree, leasing this might (probably) doesn’t make sense. I am just stating that if I bought or leased, I am going to be paying the same amount of taxes on the three year period. So it isn’t the biggest factor in the decision.
It actually happened to us in the first year, but I agree, probability is low. The other factor would be getting out of the lease early, still money you can’t get back, even on a pull ahead. Your right though, it wouldn’t be a huge risk to pay them upfront.
AIG Private Client Group, Chubb, and several others also offer Agreed Value policies.
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This is a dealer in Florida. Can someone explain to me how they got to this lease number? Rv 54% base mf .00142. Are they allowed to increase mf by this much? Or do they not understand Texas taxes?
Looks like they’re marking up the mf quite a bit. Big mf mark ups are common with MB. They acq fee is more than likely marked up to $1095 too (I’ve never seen an mb dealer not do this).
Taxes seem about right for texas.
I thought they had a markup limit at 100 basis points, I guess I was wrong.
Are they including shipping in this quote?
You also haven’t included any of the correct fees in your calculator. Dealer doc fee is $799 here rather than the $85 calculator default you have, etc
Sorry, I was being lazy, but knew the fees still wouldn’t get me to their number even with a .00242 mf.
no, but they get you within $1k, which is about in line with what I’d expect shipping to cost.
I think what is on the right is all he is charging for. Could be wrong.
They don’t have the acquisition fee in there (rarely does it show up on these either, so that’s not unusual). I’d expect shipping to be there if it was included, but meh, looks shitty either way.