Gravity Delivery Discussion

[HC_79]

It really didn't sink in until they told me today that I cannot transfer my plates. Like I said, this is all new to me. Just trying to help out others who might be thinking about leasing for the first time as well.

Maybe it’s different in the state you’re in but in CA as long as the lease is in your name and not a business it seems you can have personalized plates. You just need to fill in additional paperwork as the plates belong to you not the car to transfer them to and from the vehicle. Even on a lease the DMV and Insuance company send the bill to you directly to pay not the lessor.

 

[borski]

Maybe it’s different in the state you’re in but in CA as long as the lease is in your name and not a business it seems you can have personalized plates. You just need to fill in additional paperwork as the plates belong to you not the car to transfer them to and from the vehicle. Even on a lease the DMV and Insuance company send the bill to you directly to pay not the lessor.

Correct. It depends on the state, but I did this with our Hyundai. You need to get the manufacturer to fill out a Statement of Facts (REG 256) form authorizing use of the your license plate on the vehicle. It's annoying, but it's just an extra few pages. Hyundai did this without issue, and sent it along to me.

I have no idea how it works in other states, and I do know that in some states it's just straight-up not possible.

 

[WeighingGravity]

@WeighingGravity do you mind viewing this post and letting me know if I'm missing anything?
One other member commented that it looked good to them.

FYI this post is almost definitely not correct, but it's impossible to correct without more information.

At the end of the day, to fully calculate a lease payment, you need net capitalized cost, residual, and interest rate, and they will spit out a monthly payment. So in short it's a math equation with four variables. You only know two of them in this example (net capitalized cost and monthly payment). I can't solve for two variables with a simple equation.