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IMO that would be the ultimate tax humiliation... (archive)

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Posted by SL on February 27, 2001 at 14:47:39:

In Reply to: When you sell the car, BMW will only charge a posted by CNYN RNR on February 27, 2001 at 09:44:39:

to have to pay income tax on sale of a car that's already cost an arm & a leg to "own" via lease. But you're of course correct that it technically is owed if you turn around and sell the car for more than actual purchase price after adjusting for directly related expenses.

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