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  1. #1
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    Leasing Calculations?

    Can someone explain to me how they calculate a lease payment in TX? I keep getting different numbers than my dealer. From what I understand, you pay interest on the capitalized cost + the depreciation amount. And in TX, the tax is rolled into the capitalized cost.....can someone confirm?

  2. #2
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    Re: Leasing Calculations?

    You can choose to capitalize the sales tax or not. On the leases I have done I have paid the sales tax.

    You need the following to determine if you are getting the true storey:

    1. MSRP
    2. Cap Cost - this is what you are paying for the car (what you would pay give them if you paid cash)
    3. Residual % or $ amount
    4. Length of lease - months
    5. Money Factor - should be something like .00185

    If you have these you can calc the payment. Basically you are paying for the difference between the Cap Cost and the Residual at an interest rate of the number of months.

    If you post those I'll do the calc for you.

    Good luck,

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    Good info...

    I chose to pay my sales tax in the payment (amount divided by 36 months) instead of a lump sum. Unfortunately Texas requires you to pay sales tax on the entire purchase price of the car when you're leasing it, unlike my previous leases in California & Nevada where the sales tax was charged as a % of the monthly payment. Note that if you trade a car into the dealer, you'll only pay sales tax on the difference between the new car's price and the trade-in value on your old car.



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