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I disagree with several of your points (archive)
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Posted by Digi on February 10, 2002 at 19:43:44:

In Reply to: Re: 3 Important Questions Regarding New M5 posted by SILVERBULLET on February 10, 2002 at 18:36:36:

1)Gas Guzzler tax is $2100 and is listed separately, just like transportation. If you mean it is fixed and is included in MSRP like any option, you are correct.

Luxury tax varies based on the options, but the amount you quote is correct. My lux tax was $970.

I have paid a lease in a lump sum before. If you get gap insurance (about $30 per year) it covers any loss you describe -- which are valid concerns. In addition, you do not pay finance charges on the leased amount being amortized if you pay a lump sum. Why would you want to borrow money thet you have? In KY, 6% sales tax is collected on the monthly lease payment. If you pay for your lease over time, you are paying 6% on your finance charges. It makes good sense to do a lump sum payment if you can afford it. Of course, if you use the car for business, leasing is a great deduction. Other states may be different, but it pays to check and not make blanket statements about every state's leasing laws.

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