I have two deals on the table for a Stinger GT2 AWD which is best?

[PieceOfChum]

I am about to purchase a Stinger GT2 AWD and I have two deals a lease buyout and a purchase. I cannot decide between the two these are the best deals I can get in this area and I have walked away many times to get to these numbers. I have two trades so I cannot buy from a great distance for both deals I get the trade value I want. To me it looks like the Lease Cash with Buyout is about a $1,800 savings here are the two deals can someone please verify I am doing the math correctly I think I got it all correct but if someone could take a quick look to verify.

 

[StingEm]

I am about to purchase a Stinger GT2 AWD and I have two deals a lease buyout and a purchase. I cannot decide between the two these are the best deals I can get in this area and I have walked away many times to get to these numbers. I have two trades so I cannot buy from a great distance for both deals I get the trade value I want. To me it looks like the Lease Cash with Buyout is about a $1,800 savings here are the two deals can someone please verify I am doing the math correctly I think I got it all correct but if someone could take a quick look to verify.View attachment 10188

I think you’re missing a couple of thousand dollars in state taxes on the Purchase deal. If that’s the case then I think your choice will be pretty obvious.

Also just wanted to say that you have done a great job of researching others experiences to find all the options available to you, doing the math, getting feedback, and trying to figure out what will work best for you and your situation.

 

[Paul32]

I think you’re missing a couple of thousand dollars in state taxes on the Purchase deal. If that’s the case then I think your choice will be pretty obvious.

Also just wanted to say that you have done a great job of researching others experiences to find all the options available to you, doing the math, getting feedback, and trying to figure out what will work best for you and your situation.

That's what I thought at first glance but I believe tax is calculated on the difference between the new car and the trade in. Does not work that way on the lease.

 

[PieceOfChum]

I think you’re missing a couple of thousand dollars in state taxes on the Purchase deal. If that’s the case then I think your choice will be pretty obvious.

Also just wanted to say that you have done a great job of researching others experiences to find all the options available to you, doing the math, getting feedback, and trying to figure out what will work best for you and your situation.

Thanks a lot for the responses and just FYI these are from real deals so most of the numbers are from the dealer. Paul32 is correct the reason the taxes are so low for a purchase is that in Mass. you pay the difference of your trade value and purchase price so in this case I am trading $44k worth of cars and purchasing $47200 worth of car so you pay taxes on the difference of that which is $3200 which comes out to be $200. With a lease unfortunately you cannot do that, at least not in Mass, and you must pay the taxes on the buyout amount and the lease cash.

 

[Dmchristie1]

I would think you could get the purchase price to the same number for both offers.
Can you go to the lower price dealer and have them run the lease numbers based on your negotiated sale price. It seems the lease purchase price dealer is digging into your lease cash and going to the dealer.
I purchased stingers both ways and the lease then buy worked out better. If you take the lease deal pay close attention to the numbers when you go to the finance person to actually purchase the vehicle. They tried to hide a $900 stinger uplift in the numbers. They tried to add a maintenance contract without asking, they added some other bogus fees as well. It took several hours to find them all and get them taken out. The $900 stinger cost was actually hard coded on the spreadsheet. Also if you are going to buyout make sure they don’t charge you the doc fee again when you go to purchase it outright. They tried that one to. Good luck and enjoy the ride.

 

[PieceOfChum]

I would think you could get the purchase price to the same number for both offers.
Can you go to the lower price dealer and have them run the lease numbers based on your negotiated sale price. It seems the lease purchase price dealer is digging into your lease cash and going to the dealer.
I purchased stingers both ways and the lease then buy worked out better. If you take the lease deal pay close attention to the numbers when you go to the finance person to actually purchase the vehicle. They tried to hide a $900 stinger uplift in the numbers. They tried to add a maintenance contract without asking, they added some other bogus fees as well. It took several hours to find them all and get them taken out. The $900 stinger cost was actually hard coded on the spreadsheet. Also if you are going to buyout make sure they don’t charge you the doc fee again when you go to purchase it outright. They tried that one to. Good luck and enjoy the ride.

They are both from the same dealer trying to get the lease deal on a lower MSRP now. I may just negotiate further on the purchase so I don' t have to deal with them hiding stuff a purchase is much simpler to verify.

 

[StingEm]

Thanks a lot for the responses and just FYI these are from real deals so most of the numbers are from the dealer. Paul32 is correct the reason the taxes are so low for a purchase is that in Mass. you pay the difference of your trade value and purchase price so in this case I am trading $44k worth of cars and purchasing $47200 worth of car so you pay taxes on the difference of that which is $3200 which comes out to be $200. With a lease unfortunately you cannot do that, at least not in Mass, and you must pay the taxes on the buyout amount and the lease cash.

Makes sense!

 

[PieceOfChum]

Makes sense!

Update I was told by the dealer that I won't have to pay taxes on the 7900 lease cash.

 

[Tyler Bratcher]

I am about to purchase a Stinger GT2 AWD and I have two deals a lease buyout and a purchase. I cannot decide between the two these are the best deals I can get in this area and I have walked away many times to get to these numbers. I have two trades so I cannot buy from a great distance for both deals I get the trade value I want. To me it looks like the Lease Cash with Buyout is about a $1,800 savings here are the two deals can someone please verify I am doing the math correctly I think I got it all correct but if someone could take a quick look to verify.View attachment 10188

If you live close to the D.C., Maryland or Virginia area, email me at tylerbratcher@ourismanva.com