Comparison Flaw - Need to account for Sales Tax in Lease Payments – Car Calc Pro Review

Be careful on this app. The Lease versus buy comparison is not correct if you simply rely on the input fields. When you enter your loan info, it asks for your sales tax rate and then calculates this as an additional amount needed for your loan. On the Lease Payment there is NO mention of monthly sales tax amount. Guess what, when you lease you still have to pay sales tax, just on your monthly amount versus the entire purchase. I can foresee someone saying that all you have to do to account for this is include the monthly tax amount as part of your monthly payment, however NOT true. If you do this, it substantially throws off your money factor. I looked for an email to tell the developer about this but could not find it. If the developer simply includes the sales tax as a separate line item in the lease payment so a true apples to apples comparison can be made, I will definitely move this to 4+ stars, until then, beware. If you want to get some sort of apples to apples comparison, do NOT include sales tax in your loan calculation and BE sure to request the dealer gives you your monthly payment quote (without TAX) which is what they normally do to you to make the payment seem lower than it is. PLEASE fix this comparison error. Until this is fixed, the lease will seem better if you correctly input into the lease payment calculator the Money Factor Quoted by the dealer.
Review by 30-40 Something on Car Calc Pro.

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