kubel
Well-known member
DaveinOlyWA said:Leasing will cost you just about $1000 more than a straight purchase but if not paying cash some of the diffrence can be made back by lower interest payments.
The best part is that the sales tax waiver applies to EVs both new and used so no real penalty for buying out the lease
Part of the reason I'm doing a lease (followed by a buyout) is because I didn't have anywhere near $7500 in tax obligations for 2011, so I doubt I'll come close in 2012 either. With the lease, I have to pay sales tax on the $7500, a fee for buying out the lease, a lease finder fee, then I pay ridiculous 4.9% interest for the first three months until I can buy out. I'm hoping PenFed will approve me for a 1.9% 60 month car loan, then I can just buy out the lease and sell it after 4 years and hopefully be better off than turning it in at the end of my 39 months.