02-08-2019, 12:49 PM | #1 |
New Member
4
Rep 14
Posts |
2018 Lease Transfer - SUNNY FLORIDA
2018 M5 lease assumption. Expecting second child at the end of the month so wife is making me get something more "practical". Specs: MSRP $118,795.00 Exterior is Marina Bay Blue mettalic Interior is Silverstone FULL leather Options: Driving Assistance Package Executive package 20" M wheels 706M w/perf non 20% ceramic tint on driver windows Bowers and Wilkins sound system Lease terms: VIN: WBSJF0C55JB282919 Lease start 9/8/18 Lease end 9/8/21 Total allowed miles 30,078 Current miles 2,877 as of 2/8/19 0 DOWN Monthly payment $1,386.52 MSD: $7,500 Car is superb condition. Non Smoker. No pets. Detailed weekly. Located in sunny Tampa, FL. |
02-10-2019, 11:10 PM | #2 |
Lieutenant
370
Rep 444
Posts
Drives: BMW
Join Date: Apr 2014
Location: East Coast
|
Wish you posted 3 weeks ago
|
Appreciate
0
|
02-26-2019, 08:25 PM | #4 |
///MD
1373
Rep 3,998
Posts |
So who ever takes over will inherit the MSDS and still no money down?
__________________
Life is too short even if you live to be a 100!!
As what really counts is the few moments we are really happy and excited! -Kids, Family, Success, Career, Helping others stand on their feet (Paying back and sometimes forward), Travel, Seeking the truth, Reading, Hobbies eg ///Madness - |
Appreciate
0
|
02-27-2019, 04:23 AM | #5 |
New Member
4
Rep 14
Posts |
I put $0 money down on the lease. I am not asking for anything beyond the MSD which you will get back at the end of the lease.
As the assuming lease holder - the entire MSD (7,500) will be refunded to you at the end of the terms. |
Appreciate
0
|
03-20-2019, 02:12 PM | #7 |
Second Lieutenant
93
Rep 210
Posts |
How do Florida taxes work on leases? I'm in Texas and we have to pay tax on the full amount of the cost of the vehicle when leased so I'm trying to figure out what the tax implications would be assuming a lease from Florida.
|
Appreciate
0
|
03-20-2019, 07:34 PM | #8 |
New Member
4
Rep 14
Posts |
I pay 6% tax on the lease agreement (State of Florida). So the lease agreement is $1386.52 and I pay about $83 in tax per month.
I don't know how to calculate accurately your cost since you pay tax on the total cost of the car purchase price but since its a lease transfer it may be more complicated. Last edited by Nomar584; 03-20-2019 at 07:39 PM.. |
Appreciate
0
|
03-23-2019, 04:01 AM | #9 | |
fuck this field
2187
Rep 2,605
Posts |
Quote:
__________________
BMW family... for now.
|
|
Appreciate
0
|
03-30-2019, 10:42 PM | #12 |
fuck this field
2187
Rep 2,605
Posts |
They use either kbb, nada or some other system at Texas DMV
__________________
BMW family... for now.
|
Appreciate
0
|
04-01-2019, 05:31 PM | #13 |
New Member
4
Rep 14
Posts |
Yeah - its working out ok for now but then add those strollers ;-/ and the costco runs. lol
***car still available. high interest but i didn't realize how many have poor credit.....7 applications failed. |
Appreciate
0
|
04-22-2019, 05:49 PM | #14 |
New Member
4
Rep 14
Posts |
MSD
I am willing to break the MSD into two separate payments so you don’t have as much money paid out upon transfer.
$3000 upon transfer $3000 3 months later Last edited by Nomar584; 04-22-2019 at 10:50 PM.. |
Appreciate
0
|
04-22-2019, 08:15 PM | #15 | |
Banned
3318
Rep 8,083
Posts |
Quote:
sorry to see this thing hasn't moved yet. i guess there are retards out there with a 600 credit score trying to get into a 100k vehicle huh? |
|
Appreciate
0
|
04-22-2019, 09:30 PM | #16 |
Second Lieutenant
93
Rep 210
Posts |
I'm actually in the process of taking over a different lease and got clarification on this. You actually get taxed 6.25% of the original capitalized cost of the vehicle (not the current appraised value), all due up front at registration. Texas taxes are brutal on leases.
|
Appreciate
0
|
04-23-2019, 04:20 AM | #18 | |
fuck this field
2187
Rep 2,605
Posts |
Quote:
I asked them earlier and that's what they told me. But your info makes more sense. I know assuming a lease that's already registered in Texas exempts you from paying tax, but some people have gotten lucky and not paid tax on any lease assumptions regardless of what state they were registered in before. I completely agree though, Texas tax on cars is brutal, but better than paying property taxes on it lmfao
__________________
BMW family... for now.
|
|
Appreciate
0
|
04-24-2019, 10:29 PM | #19 | |
Second Lieutenant
93
Rep 210
Posts |
Quote:
I actually have to pay property tax on my M5 currently every year so we get hit with that too! |
|
Appreciate
1
paliknight2186.50 |
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|