Date: Sun, 04 Jul 1999 11:58:43 -0400 From: Robert Davisson <davharnopsamnet.net> Subject: Re: HELP !!!! To those with 9-3 Lease experience
Trevor wrote: > I Looking at leasing a 9-3 in Northern VA - > > I've never leased before. The dealer seemed to have a standard Saab > lease package. 3182 down - 1000 saab loyalty rebate - 280 month - 36 > months - 12,000 miles / year. > > When the sales rep came out with the deal, it didn't work out ...... > > Here's my question ? > > Is it standard to pay taxes for the purchase price of the whole vehicle, > > versus the total price to be paid for the lease ? > > Is it standard to pay an acquisition fee ? $ 600 > > Any advice or recommendations will be much appreciated. > > TIA The way it works, at least here in Ohio, is as follows. You don't pay sales tax on the full purchase price of the vehicle. You pay sales tax on the lease. If you pay money for cap cost reduction, you pay tax on that amount also, as that is part of the lease deal. Then, each monthly lease bill should include tax for that month's rent of the car. There should be no other tax unless you buy other goods or services outside of the lease. A $600 acq. fee seems a bit much. $300 to $450 would seem more reasonable. This may be negotiable. You can also make an offer on the purchase price of the car and have the lease written on that amount rather than the price stated in the lease package. The F&I people at car dealers know millions of ways to scramble numbers. (They aren't usually called "F&I" anymore; they usually have much more discreet titles. It's always a good idea to have an outside party look at any lease deal before you sign it. Security deposit can be waived also, but you'll probably have to pay money out of pocket at the lease end to cover wear and tear.