Deposit MADE!

[twhitechurch]

Yes that's correct, I saved a lot by having a substantial down payment. Interesting enough I thought about doing a lump sum payment for the lease, but the opportunity cost of the money is higher than the savings through the lowered finance charge.

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[Steve1081]

.0015 is 3.6% so that isn't bad. About the highest residual you can find on a 12,000 mile lease is 65%. So 60% on a 15,000 is great.

When you put a down payment with the trade do you get a break on the sales tax like you do with a purchase? I think with a lease you just pay tax on the payment about so if the trade reduces the payment I guess you would not pay tax on it?


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[twhitechurch]

Yes, I think. I'm pretty sure I'm only paying taxes on the depreciated amount of the vehicle, not the whole sum.

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