breaking down lease drive off fee

88stlgrym3 · 07-27-2007, 05:11 PM

what does it include? security deposit, 1st month payment, dmv fee, dealer fee, what else? i excluded down payment here cuz i never pay down on a lease.

88stlgrym3 · 07-27-2007, 05:44 PM

i guess my specific question is i thought somewhere in there tax was included in my drive off break down, i haven't had the chance to double check with my CA yet, she's off today. but if this is true i shouldn't have to pay any tax in my monthly payment right?

E90RWC · 07-27-2007, 05:46 PM

In some states you must pay tax upfront on leases.

In California, you do not!

stooken · 07-28-2007, 01:21 AM

Yeah no taxes in the drive off. You do pay monthly tax on your payments.

My minimum drive off with no SD was a little over $1000.

88stlgrym3 · 07-28-2007, 11:38 AM

Quote:

Originally Posted by stooken

Yeah no taxes in the drive off. You do pay monthly tax on your payments.

My minimum drive off with no SD was a little over $1000.

thanks, how much was your bank acquisition fee? mine was $800

stooken · 07-30-2007, 11:46 AM

Quote:

Originally Posted by 88stlgrym3

thanks, how much was your bank acquisition fee? mine was $800

I don't know the break down. There's no way mine's that high because my monthly payment is $628 including tax but total drive off was like $1050.

At work right now so I don't have the paperwork with me.

will@longbeachbmw · 08-03-2007, 11:44 PM

Quote:

Originally Posted by 88stlgrym3

thanks, how much was your bank acquisition fee? mine was $800

you didn't order thru me - but i'll help you anyways...

the Acq fee is 625 - anything over that is just mark up.

And in CA, they will tax you up front if you are putting any cap reduction down - as you are taxed on the cap reduction.

Will

07-27-2007, 05:11 PM	#1
88stlgrym3 Second Lieutenant 58 Rep 202 Posts Drives: 09 Lexus IS350 Join Date: May 2005 Location: san gabriel, CA iTrader: (0)	breaking down lease drive off fee what does it include? security deposit, 1st month payment, dmv fee, dealer fee, what else? i excluded down payment here cuz i never pay down on a lease. __________________ 2002 steel gray M3 coupe, SMG, premium package, navigation 2008 jet black 535i sport, premium 2010 Wicked White Evolution MR Touring 2009 Smoky Granite Mica Lexus IS350, F-Sport products: 19'' staggered forged wheels, cold air intake, exhaust, rear sway bar, BC Racing coilovers
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07-27-2007, 05:44 PM	#2
88stlgrym3 Second Lieutenant 58 Rep 202 Posts Drives: 09 Lexus IS350 Join Date: May 2005 Location: san gabriel, CA iTrader: (0)	i guess my specific question is i thought somewhere in there tax was included in my drive off break down, i haven't had the chance to double check with my CA yet, she's off today. but if this is true i shouldn't have to pay any tax in my monthly payment right? __________________ 2002 steel gray M3 coupe, SMG, premium package, navigation 2008 jet black 535i sport, premium 2010 Wicked White Evolution MR Touring 2009 Smoky Granite Mica Lexus IS350, F-Sport products: 19'' staggered forged wheels, cold air intake, exhaust, rear sway bar, BC Racing coilovers
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07-27-2007, 05:46 PM	#3
E90RWC What you know about the twins? 21 Rep 989 Posts Drives: bmw Join Date: Oct 2005 Location: CA iTrader: (1)	In some states you must pay tax upfront on leases. In California, you do not!
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07-28-2007, 01:21 AM	#4
stooken Brigadier General 192 Rep 4,243 Posts Drives: E70 X5 Join Date: Apr 2007 Location: NOR*CAL iTrader: (2)	Yeah no taxes in the drive off. You do pay monthly tax on your payments. My minimum drive off with no SD was a little over $1000. __________________ 2010 E92 BSM 335i \| M-Sport \| ST Coils \| Linea Corse Lemans \| Cobb AP \| BMS DCI \| Cyba Tips
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