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      02-18-2012, 02:00 AM   #188
esk8mw
Private
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Drives: 2011 e90 m3
Join Date: Feb 2011
Location: midwest


Posts: 52
iTrader: (0)

FYI, leasing in Texas (as well as Illinois) is a bad idea because you are taxed on the FULL VALUE of the car rather than just the leased portion.

In other words, assuming a 6% sales tax, you are paying 67,295*59% residual*6% = $2382 out of pocket extra.

Oh, and should you decide you want to buy the car at the end of your lease term you will pay full sales tax on the cost of the car AGAIN. So, unless you don't mind paying these penalties I'd look into financing. In any event, you can't go wrong with Steve Thomas from everything I hear so have fun with the car