10-02-2012, 08:15 PM | #45 |
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You're correct. MD is an "up front state" where we pay the full tax amount on purchase OR a lease.
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10-02-2012, 08:19 PM | #46 | |
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Quote:
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10-02-2012, 08:25 PM | #47 |
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Maybe not. If I add the tax on the residual value to the cap cost, the payment jumps to $1,825 with the base MF of .00145. Is that the way they take care of the sales tax in DC? Add the full amount to the cap cost?
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10-02-2012, 08:27 PM | #48 | |
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The title will be given in MD - so yes, they add the tax of the full vehicle price up front for purchases and leases.
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10-02-2012, 08:30 PM | #49 |
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See if the revised calc looks right. I taxed the full vehicle price and rolled it into the cap cost. Gets pretty close to what you're being quoted.
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10-02-2012, 09:34 PM | #50 |
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Did not know that. Really has to throw a wet blanket on all those sign and drive campaigns for VW.
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10-03-2012, 12:07 AM | #51 |
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This looks legitimate. It gives me peace of mind. Thanks again.
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10-03-2012, 12:24 AM | #52 |
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Ahh alright, thanks for clearing that up.
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10-03-2012, 07:06 AM | #54 |
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No problem, happy to help ... the discrepancy would drive me crazy too! I'm anal about knowing exactly how the calculation works - I sat with a BMW finance person to build an excel spreasheet to calculate lease payments the same way BMW FS does.
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10-03-2012, 08:50 AM | #55 |
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10-03-2012, 10:14 AM | #56 | ||
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Quote:
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I think he clarified in the above post to his error.
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10-03-2012, 10:57 AM | #57 |
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Correct, it was a brain fart or just bad drugs. Either way I was off on my memory of my payment amout. Sorry
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