[quote=svelte][quote=Coronita]I think the other thing about leases versus buying is that if you buy a $90k car, you’re going to owe sales tax on $90k.
I believe if you lease the car, you’re going to be paying sales tax on your down payment and each monthly payment you make on the lease… I think…[/quote]
I believe that is correct.
It is a plus in the leasing column.[/quote]
For EV, if you lease, I believe you still get the federal and state EV tax credit. I remember someone at the Audi dealer was trying to get me to lease the etron and was telling me that if I lease, I would receive the entire $7000+ EV rebate and could use that to offset the down payment. Of course the EV rebate is going to change now…doesn’t apply to luxury vehicles anymore and not available to people above an agi limit
