Stinger Enthusiast
Newish Member
- Joined
- Dec 4, 2019
- Messages
- 19
- Reaction score
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- Points
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The Stinger GT1 would be my first new car, so kinda want to keep my deal at the possible numbers.
As I reside in Texas I have heard that the taxes will have to be paid twice in case of a lease buyout and couple of fellow Texans have suggested the balloon purchase option instead. I’m yet to break that out to my dealer, would I still get to take advantage of the lease cash though ?
The below are the numbers I received from the dealer, how would these stack up against the buyout in terms of double taxation and the balloon purchase ?
MSRP : 47,115
Sale : 43,105
Lease cash : 9700
MF : 0.00191
Residual : 24, 970.95
Net cap cost : 34,874
Payment : 537.86
In cases of a regular buyout(states without double taxation) the buyout amount would be Net cap cost* taxes + lease buyout fee right ? What would happen to these numbers in Texas ?
And how would balloon purchase help me save the double taxation ?
Would be really helpful if somebody could break this down.
As I reside in Texas I have heard that the taxes will have to be paid twice in case of a lease buyout and couple of fellow Texans have suggested the balloon purchase option instead. I’m yet to break that out to my dealer, would I still get to take advantage of the lease cash though ?
The below are the numbers I received from the dealer, how would these stack up against the buyout in terms of double taxation and the balloon purchase ?
MSRP : 47,115
Sale : 43,105
Lease cash : 9700
MF : 0.00191
Residual : 24, 970.95
Net cap cost : 34,874
Payment : 537.86
In cases of a regular buyout(states without double taxation) the buyout amount would be Net cap cost* taxes + lease buyout fee right ? What would happen to these numbers in Texas ?
And how would balloon purchase help me save the double taxation ?
Would be really helpful if somebody could break this down.
