How did I do?

[TomL1013]

Just did the paperwork on a lease(buyout ASAP) and I was wondering how I did? I picked up a Stinger GT2 AWD in Micro Blue. Final out the door price was 43k. I also got them to throw in a trunk mat in addition to the already present mud guards and floor mats.

Now a proud owner and a member of the Stinger family. Looking forward to learn and contribute!

 

[MerlintheMad]

MY19? That's a good price, especially with the extras. Congratulations. Post some pics.

 

[CKeeler]

Sounds good to me. Congratulations and let’s see it!

 

[TomL1013]

Sounds good to me. Congratulations and let’s see it!

Won’t physically get the car until Monday or Tuesday. It’s out of state and the registration process is taking some time. The dealership is nice enough to deliver it to my house though. Stay tuned for pictures.

 

[TomL1013]

Showed up yesterday. I already got rid of the ugly Kia badges.

 

[CKeeler]

Beautiful color.

 

[Jaymorz]

MY19? That's a good price, especially with the extras. Congratulations. Post some pics.

You're very wise - if I do a buyout at the end of a lease do I pay tax ontop of the residue?

Reason I ask is because my rent charge on a 2 year lease is less than the amount of taxes I would pay buying the car out now

 

[MerlintheMad]

You're very wise - if I do a buyout at the end of a lease do I pay tax ontop of the residue?

Reason I ask is because my rent charge on a 2 year lease is less than the amount of taxes I would pay buying the car out now

I can't answer because your deal is totally different from mine, from what you said here. My rent on a three year lease totaled in excess of $5K (most of that I avoided paying by buyout at three months in). But no matter when you do the buyout, or opt to purchase at the end of the lease, sales tax is assessed then. This "double tax" that I keep reading about in some States has me really annoyed and confused: how such a thing is even possible, but apparently it does happen.