Is the rebate being itemized out separately? You’re saying the gross cap, which is equal to the sales price, includes the tax credit. By tax credit, I presume you mean the factory incentive that’s equivalent to the phev tax credit amount. That would suggest that your 2.5% off MSRP number is post-incentive, not pre, making this very high. Is that correct?
Thank you for your reply. I have re-ordered my initial post as layed out in the quote. I dont understand what the “Cap Tax” is. (first time leasing!)
It’s not particularly common to see more than a few k off of MSRP at buy rate on a non-phev full size RR. I’ll let others chime in as well, but I don’t know that I’d expect much improvement.
“Cap taxes” = very likely shorthand for capitalized taxes. Since they are due upfront in NJ, the bank pays them upfront for you and rolls it into your payments. Therefore you pay rent charge on it.
The main part of it is sales tax @ 6.625% of the total lease cost.
There is also a surcharge (on vehicles above a $45,000 selling price) @ 0.4% of the selling price.
