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      02-22-2012, 01:58 AM   #195
Private First Class

Drives: 2016 M3 2015 X5
Join Date: Feb 2012
Location: Houston

iTrader: (0)

Thanks for the info...I generally always finance, but was planning on getting my first BMW/M3 for a more fun car and don't plan on keeping it past the warranty (worried about long term reliability and my last 3 cars were Lexus). I'm hoping to get the M3 itch out of my system with this lease....

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