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      02-21-2012, 01:03 PM   #191
Private First Class
nasa60's Avatar

Drives: 2008 M3 Sedan
Join Date: Feb 2008
Location: Alabama

iTrader: (0)

Originally Posted by esk8mw View Post
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
Holy crap. Bend over and grab your ankles sir. I only pay 2.25% on the monthly payment.
2008 M3 Sedan, Silverstone, Fox Red Extended, Carbon Leather Trim