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      10-02-2012, 11:06 AM   #43
AGS's Avatar

Drives: 2013 F10 M5
Join Date: May 2012
Location: NJ

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Originally Posted by lllwlf View Post
They're trying to pull a maneuver.--- They shouldn't be adding sales tax on top of the $104,175. Sales tax is paid on the lease payment and/or any cap cost reduction. Did they give you this in the contract, or over email?

I would guess that when they paper this deal (which you absolutely shouldn't do) they would show your purchase price as $110,400 and that 6K tax line would be much smaller, reflecting the 6% of the net caps you have listed -$2,200 and $750.
Originally Posted by Vic55 View Post
He could be living in what is called an "up front state" where tax is paid up front on either a purchase or lease. He will be able to advise better but there are states that require taxes on the full purchase price of a lease.
I'm not sure how DC works, but I ran my calc the way they apply sales tax in NJ - on each individual payment.
Current: 2013 Monte Carlo Blue F10 M5 (ED on 9/1/12), 2014 Anvil Willys Wheeler Jeep Wrangler (weekend toy)
Previous: 2009 Carbon Black E60 M5, 2006 Silverstone II E60 M5, 2003 Sterling Grey E39 M5, 2000 Anthracite E39 540i6, 1998 Jeep Grand Cherokee 5.9 Limited, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7