Hey everyone, I've been doing a ton of reading on here and your posts and replies have been extremely helpful to me.
I'm extremely close to leasing now and was about to sign all the paperwork today when the final Adj Cap Cost seemed a little off to me. I was wondering if those with experience can take a look at these numbers for me and tell me if everything adds up.
To keep it short, I've gotten a 2019 GT2 RWD reduced from ~$52k MSRP to $47k flat through a dealer discount. There is a lease incentive here in CA for 24 months of $12,120.
This brings my total down to $34,880 before fees. An amazing price. From reading through the threads I have read that the vast majority of taxes and fees are around $1.5k. Maybe $2k tops. So I was expecting a Net Cap Cost of ~$36,300.
The total Adj Cap Cost on the paperwork is $37,153.29. Bringing me up almost $2,300.
The numbers seem correct on DMV fees, Doc fees, acquisition, etc. I think the number increasing me so much is "Tax on Cap Cost Reduction." A value of $925.90.
However I haven't really seen this value very often in all of your lease breakdowns. I'm pretty sure we are responsible for this, or is it different in every state? I know in CA we aren't double taxed here, is there anyone with some insight on this?
It would help tremendously as I'm supposed to go back tomorrow. I've attached the exact numbers and could write each value out if they aren't legible. Thanks everyone!
I'm extremely close to leasing now and was about to sign all the paperwork today when the final Adj Cap Cost seemed a little off to me. I was wondering if those with experience can take a look at these numbers for me and tell me if everything adds up.
To keep it short, I've gotten a 2019 GT2 RWD reduced from ~$52k MSRP to $47k flat through a dealer discount. There is a lease incentive here in CA for 24 months of $12,120.
This brings my total down to $34,880 before fees. An amazing price. From reading through the threads I have read that the vast majority of taxes and fees are around $1.5k. Maybe $2k tops. So I was expecting a Net Cap Cost of ~$36,300.
The total Adj Cap Cost on the paperwork is $37,153.29. Bringing me up almost $2,300.
The numbers seem correct on DMV fees, Doc fees, acquisition, etc. I think the number increasing me so much is "Tax on Cap Cost Reduction." A value of $925.90.
However I haven't really seen this value very often in all of your lease breakdowns. I'm pretty sure we are responsible for this, or is it different in every state? I know in CA we aren't double taxed here, is there anyone with some insight on this?
It would help tremendously as I'm supposed to go back tomorrow. I've attached the exact numbers and could write each value out if they aren't legible. Thanks everyone!
