Just bought out my Acura and a little concerned … my payoff amount was about $2000 more than the buyout amount specified on my lease, plus the last payment. I paid it off a few days before the last payment was due. I don’t understand why this is? I’m going to call tomorrow, but would love to put my mind at rest. Not sure why I didn’t check this out before.
I do think that is it … I remembered paying up front sales tax, but I think that was only on the financed amount, and this is the remainder. I need to call anyway to confirm how/when I get my security deposit back, but I do feel a bit better now. Thank you.
Try looking at your contract. It will show exactly what you’re paying for which includes taxes.
Security deposit on an acura?
[quote=“questioner, post:3, topic:436056”]
remembered paying up front sales tax, but I think that was only on the financed amount, and this is the remainder
[/quote]Yup and in some states like Texas you pay TWICE on the same funds.
You put a MSD on an Acura? I didn’t know they took those.
Contract just stated buyout price and says plus applicable taxes and fees.
There is for sure a security deposit listed in the contract.