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Thank you for the quick response. I have more info now since I just got off the phone with the lease guy.

I turns out he is NOT leasing the vehicle. He owns it outright. What is happening is that he wants to lease a new vehicle from this leasing company and use the Suburban as a down payment. In essence the seller is selling the truck to the leasing company, and the leasing company is selling it to me. The leasing company is not making any money off the transaction, but they are taking on the burden of the TTL with the state. He told me the TTL breaks down to 6 1/4% of the purchase price, another $190 for some other tax, and another $300 for a processing fee, totalling $1490.

I told him that this was new to me as I have always bought cars from dealerships, and he said, "Right, and they add the cost of the TTL to the car." I said, "Yes, and I assumed that was true in this case also." I then explained that going over $17K would break the deal. He said he would contact the seller, something about if I would come up with another $500, he would see if the seller would come down $1000 (something about tax credits???) and they would get the bank that is working this future lease to eat $900.

I don't know, but suddenly I've got a very bad feeling about this.

James A. Brown
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