The $5K is NOT TAXABLE?? - Saab 9-5 Bulletin Board - Saabnet.com
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The $5K is NOT TAXABLE??
Posted by Jimmy (more from Jimmy) on Wed, 22 Aug 2001 21:54:12
In Reply to: Re: $5K Gift from Saab (GM), KP, Wed, 22 Aug 2001 20:01:20
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Dealer is charging me taxes on it. I am about to pick-up a 2001 Aero this Friday. Here's my deal. Please comment on it.
The figures are as follows:
Cap Cost is invoice $42,249 (Aero is fully loaded, auto, bbs, ven/heated seats, etc....)
lease of 36 months / 12,000 miles per year
money factor is .00162
residual is 48% so $22,363 at lease end
security deposit $500
taxes $375
doc fee $199.50
title $42.00
first payment $478.92
cap reduction $2,500
Thus out of pocket at signing is $4,095.42
Thoughts?
posted by 65.231....
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