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Sales tax issue (archive)

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Posted by Carl B on October 23, 2000 at 12:26:52:

In Reply to: What the hell are you talking about?? posted by J on October 23, 2000 at 10:28:49:

The point is they charge you sales tax twice! It should only be charged to the one who will keep the car!

Lease a car: Pay sales tax on the depreciation up front and the remainder of sales tax on the residual when you buy it.

Purchase a car: Pay all the sales tax up front.

Sell a car (purchased or leased) new owner pays sales tax on purchase price.

Same deal either way. You were not charged tax twice.

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