Re: I disagree with several of your points (archive)

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.

Digi,
On the issue of gas guzzler and lux tax, you pretty much paraphrased what I already wrote. (Read my post again)

I disagree with your statement that if you pay a lump sum upfront, you are not paying any interest. That is absolutely FALSE!! You are paying the same interest, just all up front (It's figured into the lease using "money factor". You will also pay sales tax on the amount of the car that you have leased (i.e. if lease is $15000, you pay your state tax on $15000, not the whole value of the car)

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I think we are saying same thing, except lease Digi 09:09 2/12/2002 (0)

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