As the topic says…the numbers aren’t adding up to me. I have a lease through SETF. Details below:
Remaining payment: 1 of $591.77 (higher than usual monthly payment) plus a $350 dispo fee
Current buyout amount through 1/31: $32,211.96
If I add my county tax to the RV I get to $31,239.32, which is close but not quite there. Does SETF include this tax in their buyout amounts? Not sure what I’m missing here and would appreciate a Leasehackr set of eyes
Your tax rate is 6.3%? Either way, I added the remaining payment amount and the dispo fee to the residual and then taxed the total at that rate, and it came to $32,115.74. I’d check your tax rate to make sure, but that’s pretty close.
So 31,239.32 is RV plus tax. Plus the $591.77 payment plus $350 dispo. That’s 32,181.09. Within $30 of your current buyout. Might be tax on that dispo fee, which would account for some of that. Pretty darned close.