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Originally Posted by MattTheCarNut
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Thank you, sir! So do you concur my calculation for Texas is correct?
Also, I have another question.
My GTI trade in would be $19,000; the payoff is $11,000. Can I trade in the GTI and have the dealer cut me a check for the $8,000 in equity, thus NOT putting that money towards the lease? With this way, would it still lower my tax burden (but not lower the cap cost of the transaction)?
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Yes, your numbers look correct.
Look at my followup post, looks like you have ~$8K equity in your trade, so the MSDs would work - ~$3K for taxes and ~$3.5K for MSDs.
I am not sure if the dealer will do a cash deal for your car, you would have to ask. May have to do a private sale or sell to CarMax or something like that to get cash.