Quote:
Originally Posted by 2045
Haris,
thanks for that. first time seeing it that clear. didn't know the tax ($855.45) is upfront for the entire term? isn't it in the monthly payment?
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Anytime! That $855.45 is only for tax on rebate, acquisition fee and doc fee: (8500 + 925 + 80) * 0.09 = $855.45.
Tax on monthly payment is due monthly 61.52 per month. There are some States including mine (NJ, NY, OH) etc that collect the tax for the entire term upfront.