Quote:
Originally Posted by MSportDC
MSRP: $107175
Purchase price: $104175 plus 6% sales tax ($6262.50)
Registration and doc. fees: ~$550
Net cap reduction: $2200
BMW Loyalty credit: $750
36 mos. / 15k
Monthly payment: $1829.09
Still seems a bit high compared to what everyone else is posting here... could it be the market is driving the higher money factor because of my area? (Washington D.C. metropolitan)
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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.