edawg said:
atlgt said:
Here are the quotes that I have gotten for S and SL for VPP pricing in Atlanta, GA with $0 down; 24 monhts/12K mileage per year.
The quotes seem a bit high with VPP pricing - any feedback? what is the target price that I should shoot for? Thanks for your feedback.
S with charger (MSRP: $31,265)
Downpayment: $0
Monthly Payment: $299.24 ($240.76 + $58.48 tax)
Disposition Fees: $395
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Total cost: $7,059.08
SL (MSRP: $36,320)
Downpayment: $0
Monthly Payment: $415.36 ($343.64 + $71.72 tax)
Disposition Fees: $395
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Total cost: $10,363.64
Crazy that taxes on leases are 20% or more of the "lease price"... Could anyone in Georgia help give a breakout of the tax amounts? Typical sales tax is 7%, plus the GA DMV now goes to a "up front" lifetime tax of vehicles at 6.5% (or maybe it's 7.5% in 2013)... So that accounts for maybe $50 of the $71.72. What other lovely taxes are hidden in there?
The new car tax law switched in March 2013 from paying an annual ad velorum tax to paying a 1 time ad velorum tax based on the final sale price of the vehicle less incentives (even for a lease, it is not based on the cap cost). So if you negotiated a final price of $28,000 then subtract the $7500 incentive and tax the balance ($20,500) at 6.5% = $1332.50. You could pay this up front (down payment) or roll it into a 24 month lease = $55~/mo on top of the lease cost.
The S deal above for $299/mo is based on the VPP price ($1k under invoice) on a 24mo 12kmi/yr, which includes the new TAVT (Title Ad Velorum Tax).
I received this same quote from Regal Nissan this past week.
The SV deal above is based on $33,900 sale price (assuming VPP for SV)
I have called around and am planning on signing tomorrow for:
S w/ QC, 24 mo, 15k mi/yr
$500 down (trying to negotiate down to $0-- 1st payment only)
$269 / mo (including TAVT of 6.5%)
Assuming Dispo Fee is extra (try to negotiate out)
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Total w/ $500 down and Disp fee = $7,351
Total w/ $0 down no Disp fee and 24 pyments = $6,456