New York State Leasing questions

Hi i’m new to leasehackr forum :slight_smile: hope everyone is doing well.

I would like to know what’s required to be paid upfront in NY(down payment, taxes, fees etc…) and what can be rolled into the monthly payments ? i tried to look up on rules and regulations in NY when it comes to leasing but figured leashackr forum is the place to be :slight_smile:

Thank you all

There generally isn’t a requirement. You can structure the deal to what you want, as long as the bank is ok with it

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Everything that’s due to the state (taxes, reg etc) is due upfront … and is paid upfront by the bank if you roll it in to your monthly payments.

Rolling in the taxes probably won’t hit the bank’s lending limits unless you’re also adding tons of negative equity

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