Thread: Lease Question
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      01-03-2012, 10:06 AM   #5
toplessrydr
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Drives: '09 E89 35i
Join Date: Nov 2011
Location: California

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Taxes are paid on the depreciated amount. Any payment you make against the car is taxed so yes the $6k is taxed. And naturally you do not paid tax on the residual amount. You will need to ask the dealer what the residual value is and the money factor. Remember that she still needs to maintain the car and any damages deemed excess will be charged to her at the end of the lease. Some lease will cover an $X amount of wear and tear. The last time I leased my S2000 I think Honda Finance covered up to $1500 in damages at the end of the lease. Hopefully you figured out how she is going to paid for gas, insurance, living expenses now that she is so far away.

Good luck
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