The numbers look pretty good at 72% residual and .10 Money Factor for 24 months at 15,000 miles.
I am getting a payment around $670 a month if I prepay the tax.
Anyone done one this month?
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| Reply » Anyone lease a 530it in December |
That's about as good as it gets! Curious though, what's the benefit of prepaying the tax?
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| Reply » Anyone lease a 530it in December |
It saves about $40 a month on the payment, as you aren't paying interest on the tax.
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| Reply » Anyone lease a 530it in December |
Yes my ED wagon MSRP 66,345 Cap cost of 59,200 includes Bank fee and dealer Profit 24 month 10k A year 558.77 plus Fl tax. of 39.11 Total Payment 597.88 
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| Reply » Anyone lease a 530it in December |
Quote: | It saves about $40 a month on the payment, as you aren't paying interest on the tax. |
Could you elaborate.
Suppose X is your monthly depreciation, Y is your interest, then your pretax is (X+Y).
Then you add tax to it to get your monthly payments.
How do you prepay the tax?
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| Reply » Anyone lease a 530it in December |
Quote: | It saves about $40 a month on the payment, as you aren't paying interest on the tax. | Is this a New York thing where you have to pay the tax on the full purchase price and most people just roll that into the lease? Or is it a Florida thing? I ask because you say you're from "Orange County" but don't say which state. It doesn't make sense if it's Orange County California as here there is only sales tax on the monthly payment, i.e. no interest on tax (unless you roll your acquisition fee into the lease proper).
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Anyone lease a 530it in December