The complete automotive resource for buyers, sellers, and owners like you.
Car, Truck and SUV Forums at Roadfly
+ Bentley Forums
+ BMW Forums
+ Cadillac Forums
+ Chevrolet Forums
+ Ferrari Forums
+ Jaguar Forums
+ Lamborghini Forums
+ Lotus Forums
+ Mercedes-Benz Forums
+ Maserati Forums
+ MINI Forums
+ Porsche Forums
+ General Discussion
+ Marketplace Forums
Re: Sales tax on lease (archive)

[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]

Posted by gand on October 20, 1999 at 13:21:55:

In Reply to: Re: Sales tax on lease posted by Scott on October 20, 1999 at 13:00:46:

Thansk Scott, I need to talk to this dealer who is trying to screw me up.


: You pay tax on the monthly payments. So if your payment is $500 a month, with a 8.25% tax rate...then your tax would be $41.25 for a total of $541.25. Thats how it worked on my lease here in California.

: -Scott
: '00 323Ci (status 150)
: Titanium/Black

: : In leaseing a BMW does one pay state sales tax on the entire cap cost or just on the differecne between the cap cost and the residual value? Please advise. My dealer is saying I have to pay sales tax on the entire amount and he will role the tax into the lease payments.




Follow Ups:



[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]
Questions, comments, or problems, please visit the Roadfly help desk.
Roadfly.com Logo © 1997 - 2017 Jump Internet Inc. All rights reserved.