Just Another "What price is good thread".

[General_Vodka]

sooooo.... please don't hate this is the only spot I have to tie this string.
*I want a 2019 GT2 RWD. Why? LSD, cool tech, fun.
1st dealer: had 2019 GT2 RWD. they had 20 something stingers, one of them a 2019 AWD GTS (sexy). They have one customer's 2019 GT parked in front with 18 wheels and a big scrape in one of them (ouch). Anyways I took a GT2 for a test drive, did some drifting, launches and a donut. With the nannies disabled that thing SPINS, must be the LSD. The sales guy was a car bro for sure no pressure whatsoever (i still knew more about the stinger then him and he was their "stinger guy" lol) Once we went in his manager took over and i could tell he wanted dat cash. Pretty much started with "how much can you put down" and "will that be a check". Also "what can we do to get you the car tonight?" lol stinger sales must have been slow but i know for a fact that they cant keep the Telluride in stock.
*So I didn't get the papers when I left but I do remember OTD 52K with 8,800 lease cash (lease incentive?)
It wasn't the color/ interior combo that I wanted but just seeing if thats a good deal. This is in CA so double sales tax yay! I never mentioned buyout but he did seem eager to finance (probably get him more profit). My CU can do a loan with a 4% APR, maybe less since I am a loyal customer. Does anyone have any input? Sorry for the length of this post, this would my first possible lease/buyout, and the first time im buying a new car, and my first non salvaged car lol.
edit:words

 

[Lynix]

Its kinda hard to tell if you're getting a good deal or not because you're not really giving us any info besides 52k otd. From what others have been posting on this site it looks like quite a few people are getting ~10% off msrp + any rebates whether you decide to lease or just fiance. I probably would walk from anything that wasn't at least 5k off msrp in addition to the lease cash.

 

[Rob M]

This is in CA so double sales tax yay!

How so? Can't you structure lease in California to pay tax as you go on monthly payments (including interest), so that you are only paying tax on the amount of the vehicle you use? So that would not be double sales tax.

 

[General_Vodka]

How so? Can't you structure lease in California to pay tax as you go on monthly payments (including interest), so that you are only paying tax on the amount of the vehicle you use? So that would not be double sales tax.

Yes, however you will still have to pay sales tax on the buyout, so I pay tax on the monthly payments and then again on the buyout. At least that's what the CA site says. Maybe I'm missinterpeting it ?

 

[Rob M]

Yes, however you will still have to pay sales tax on the buyout, so I pay tax on the monthly payments and then again on the buyout. At least that's what the CA site says. Maybe I'm missinterpeting it ?

That is true, but with each lease payment you are reducing the buyout price, so you are not paying sales tax on the same portion of the vehicle twice. You are paying tax as you go on the portion of the vehicle you are using during the lease period, and then tax on whatever remains whenever you do a buyout. In effect, your total sales tax paid on a lease in CA would be nearly identical to an outright purchase. An example of actual double taxation is Texas where you pay full sales tax on the agreed upon price at lease inception, and then pay sales tax again on the entire buyout amount. So doing an immediate lease buyout ends up hitting a Texan with an additional $3K or so tax on a GT2

 

[General_Vodka]

An example of actual double taxation is Texas where you pay full sales tax on the agreed upon price at lease inception, and then pay sales tax again on the entire buyout amount. So doing an immediate lease buyout ends up hitting a Texan with an additional $3K or so tax on a GT2

You are correct, now that is truly double tax in TX. CA tax is still really high, makes me jealous of states with less. As for a buyout I would want to bring the cap cost as low as possible? That would be the amount that mostly determines buyout? So less focus on monthly payments, more on OTD? That dealer said he could try to get the MSRP down to 48k but I was already leaving.