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re: sales tax on a leased car
Posted on 6/17/15 at 12:05 pm to bayou choupique
Posted on 6/17/15 at 12:05 pm to bayou choupique
M*** Honda would be happy to steal it away...
Posted on 6/17/15 at 7:22 pm to Coach Guidry
T**M Honda is shady as shite. They straight cock blocked me from buying a car with another dealer by securing the only car in the region before I ever came close to an agreement (test drove there and that's it) and refused to deal with any other dealers. Would not match price or trade in I agreed to with other dealer. While completely legal, I was pissed.
And yes, everything said above is correct. Like I said it's the same as purchasing the vehicle but with a balloon payment (some credit unions actually offer this form of lease-similar financing). You trade it in and may receive the same tax credit. Your trade in value is compared against your lease payoff (typically residual + remaining payments + disposition), and any extra applied as a down payment.
And yes, everything said above is correct. Like I said it's the same as purchasing the vehicle but with a balloon payment (some credit unions actually offer this form of lease-similar financing). You trade it in and may receive the same tax credit. Your trade in value is compared against your lease payoff (typically residual + remaining payments + disposition), and any extra applied as a down payment.
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