Now you are backpedalling if not outright making shit up. When you first posted in this thread, this is the only thing OP had said:
This was not complaining about how MD deals “look” or are with taxes. It wasn’t until well after your post that OP then said this:
OP still never mentioned taxes in MD or that deals in MD “look” bad due to taxes. At least step up and not try to go with clearly revisionist history.
Ah ha, now you say OP is “implying” it is all about the MD taxes and how a deal “looks” even though that was never mentioned by OP but continues to be your narrative and what you are implying.
No, that actually would be you doing just that. Please just stop.
I think this is correct due to the sheer number of LA deals and dealers there will seemingly always be some crazy unicorn deals, but the east coast deals seem to be “across the board” better on average.
My theory is, for brands which move a lot of their metal via lease, to some degree it is a what the market will bear situation. Deals have to be a bit better to make up for the tax situation. Most buyers are payment shopping. They don’t care why the payment is $X. They have a number the dealer has to get to.
And to the second point, eye popping deals are almost impossible in VA and MD because the better the hack the worse the effective tax rate becomes. A low RV, high MF, high rebate situation (which are untaxed in VA) will be a little better than high RV, low MF, low Rebates situation. But no way around the vast majority of good luxury vehicle deals in Virginia are going to entail an effective tax rate of 20%+.
Why are you being such an idiot?. I made the initial assumption the OP was looking for a low cost lease which he later confirmed. I actually live in MD and have to deal with the tax situation. The taxes are an important factor in any MD lease deal because you have to pay them upfront. It is a fixed cost that impacts the payment based on the length of the lease and MF if the taxes are rolled into the deal and not paid upfront.
Maybe your response is why YOU are not a “Trusted Hacker”?
Thanks for the lively conversation. Here are some of my takeaways:
The tax situation in Maryland (6% on full cost of the vehicle) makes leasing less attractive than many other states.
The Mid-Atlantic region has a large selection and quantity of vehicles available, which can provide negotiating leverage
I’ve leased five or six cars in Maryland, prior to learning about leasehackr . It is important to note that Maryland only requires you to pay tax on the difference between the value of your trade-in vehicle and the cost of the new vehicle. Thus, the value of the car at the end of your lease compared with the estimated residual value from your lease becomes very important. That value determines whether or not you can offset taxes on the new lease by having the dealer purchase and trade the car in for you on the new vehicle. Although it is not much of a hack, this is the reason I’ve been leasing Subaru Foresters for my daughter, rolling from one lease to the next. The residual values are high to begin with, and every time I’ve traded in, even with higher miles than I’ve leased for, I’ve had equity in the car. The payments have gone from the high 300s to the high 200s over the course of three leases. This isn’t anything too spectacular - its just a strategy I’ve used in Maryland to deal with the taxes. Plus my daughter loves the car
. It is important to note that Maryland only requires you to pay tax on the difference between the value of your trade-in vehicle and the cost of the new vehicle. Thus, the value of the car at the end of your lease compared with the estimated residual value from your lease becomes very important. That value determines whether or not you can offset taxes on the new lease by having the dealer purchase and trade the car in for you on the new vehicle. Although it is not much of a hack, this is the reason I’ve been leasing Subaru Foresters for my daughter, rolling from one lease to the next. The residual values are high to begin with, and every time I’ve traded in, even with higher miles than I’ve leased for, I’ve had equity in the car. The payments have gone from the high 300s to the high 200s over the course of three leases. This isn’t anything too spectacular - its just a strategy I’ve used in Maryland to deal with the taxes. Plus my daughter loves the car 