Florida lease taxes

vc103 · 08-12-2023, 01:09 PM

Hi,

I’ve just got a lease offer from Braman in SF and noticed that they started to tax at 7% Acquisition Feed and Dealer Fees. Is it “normal” ?

Last time I leased from them 3 years ago, they taxed(sales tax) only the downpayment.

Thanks.

HeatJoey · 08-12-2023, 06:01 PM

Quote:

Originally Posted by vc103

Hi,

I’ve just got a lease offer from Braman in SF and noticed that they started to tax at 7% Acquisition Feed and Dealer Fees. Is it “normal” ?

Last time I leased from them 3 years ago, they taxed(sales tax) only the downpayment.

Thanks.

Good question . I just got my m40 at pines bmw , so hello neighbor!

vc103 · 08-13-2023, 09:24 AM

Quote:

Originally Posted by HeatJoey

Good question . I just got my m40 at pines bmw , so hello neighbor!

Hi !

I dug into it a bit more and apparently there was a law change in 2022 which requires dealers tax all "services" such as Acquisition, Dealer "preparation" etc.

So on top of bullshit fees, you have to pay state tax on them.

I hear some Florida folks buy/lease cars from Georgia/ North Carolina to avoid the offensive dealer markup. In my case, the fees alone are about $3K while 3 yars ago they were about half of that.

ASAP · 08-13-2023, 10:30 AM

I wouldn't buy from Braman on principle alone lol...

bocabimmer · 08-13-2023, 11:30 AM

Quote:

Originally Posted by ASAP

I wouldn't buy from Braman on principle alone lol...

Are we talking Miami, WPB, or Jupiter? I bought 3 from WPB and had nothing but good experiences there.

ASAP · 08-13-2023, 11:32 AM

Quote:

Originally Posted by bocabimmer

Are we talking Miami, WPB, or Jupiter? I bought 3 from WPB and had nothing but good experiences there.

mainly brickell... this is a very unique dealership to say the least lol

vc103 · 08-13-2023, 11:58 AM

Quote:

Originally Posted by ASAP

I wouldn't buy from Braman on principle alone lol...

Jupiter.

Three years ago, I had good experience there but not this time. As I said, they doubled their fees in comparison to three years ago to about $3K. I understand inflation and such, but it does look excessive.

Bimmerforlife · 08-13-2023, 04:39 PM

$3k in dealer fees?? Absolutely crazy, gouging the customer. That’s enough to make me walk.

I’m looking forward to the time when they’re begging for our business.

19G20 · 08-13-2023, 07:33 PM

Quote:

Originally Posted by vc103

Hi,

I’ve just got a lease offer from Braman in SF and noticed that they started to tax at 7% Acquisition Feed and Dealer Fees. Is it “normal” ?

Last time I leased from them 3 years ago, they taxed(sales tax) only the downpayment.

Thanks.

Avoid Braman at all coats. They are overpriced. Try Coggin.

19G20 · 08-13-2023, 07:35 PM

Quote:

Originally Posted by vc103

Jupiter.

Three years ago, I had good experience there but not this time. As I said, they doubled their fees in comparison to three years ago to about $3K. I understand inflation and such, but it does look excessive.

They have gone downhill. There are better dealers.

08-12-2023, 01:09 PM	#1
vc103 Registered 2 Rep 3 Posts Drives: BMW X3 s30i Join Date: Aug 2023 Location: FL iTrader: (0)	Florida lease taxes Hi, I’ve just got a lease offer from Braman in SF and noticed that they started to tax at 7% Acquisition Feed and Dealer Fees. Is it “normal” ? Last time I leased from them 3 years ago, they taxed(sales tax) only the downpayment. Thanks.
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08-13-2023, 10:30 AM	#4
ASAP Major General 10161 Rep 8,626 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	I wouldn't buy from Braman on principle alone lol... __________________ 2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
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08-13-2023, 04:39 PM	#8
Bimmerforlife Major 388 Rep 1,275 Posts Drives: E90 335i Join Date: Apr 2006 Location: FL iTrader: (0)	$3k in dealer fees?? Absolutely crazy, gouging the customer. That’s enough to make me walk. I’m looking forward to the time when they’re begging for our business.
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