GOBLUEJD

I think I see something wrong. It looks like from your photo, that your paying taxes 2x? (2063.81) and then on each payment. If so that is WRONG.

JARED_LA

Thanks for the info Blue! I'm not sure what the 2063.81 is.....

GOBLUEJD

No problem. The reason I see concern is even if that is just a line item showing total taxes paid over the term, it still does not add up!!!

I think you have to pay taxes on the rebate

$2000 x 9% = $180
Then 24 x 75.23 for each payment = $1805.52

Total "Technically" = $180 + $1805.52 = $1985.52

centex99

Sales tax + use tax would be real awful...
That being said, for the most part leases in TX where I live are awful because you have to pay sales tax on the entire vehicle... sometimes manufacturers offer extra incentives to pay these for you. Typically if you buy the vehicle at end you don't have to repay taxes... If its red carpet and the vehicle is in your name, you can trade it in and get tax savings, though don't think it works that way at lease return...

TonyG_FX4

Based on my research the residual value should be approximately 57% after 24 months according to cars.com. You can sorta beat the mileage issue by lowering the allowed amount per year.

What I would do is tell them to run the lease numbers at 10k miles a year. See what your savings are, if they are a large difference take the truck at the lower amount. Then about a month or two before lease is up trade in the truck you will take a hit on what the dealer will offer vs the buy out. This is because of added depreciation from mileage but you should have saved the difference in monthly payments and you are avoiding any over mileage fees because you sold the car to the dealer. It should be cheaper then paying all your mileage depreciation up front.

The reason I think it will work out better this way is the sale value difference between two identical 2012 xl models I am looking at is one has 21k miles other has 79k miles. The price difference between the two trucks is around 3k dollars. The difference in your price for your prepaid mileage is around $8,000 because the dealer was offering you 20 cents a mile to prepay your mileage you would need to prepay 40k miles to cover your 60k miles over 2 years. Thats a nice savings of potentially $5,000 dollars...

JARED_LA

Thanks for the info. The dealer also told me they discounted off MSRP by $10,500, which I'm not seeing.
Hope my info can help anyone out there.