Car Tax and resgitration
I am looking to lease a car, can anyone confirm who/how i pay the tax and registration. Should the lease company manage this or do I have to sort it out
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Re: Car Tax and resgitration
Originally Posted by daccs
(Post 11532314)
I am looking to lease a car, can anyone confirm who/how i pay the tax and registration. Should the lease company manage this or do I have to sort it out
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Re: Car Tax and resgitration
Which state? Some collect sales tax on the value of the vehicle at the inception of the lease, I believe that some amortize it over the life of the lease.
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Re: Car Tax and resgitration
Depends on the state.
In MA, you usually sort it out yourself, paying the registration, plate, title fees, inspection fee and town excise tax. Sales tax if you buy, you usually pay to the dealer, or to the DMV when you register the car. The registration is paid every 2 years, inspection every year as well as town excise tax, even on a lease. |
Re: Car Tax and resgitration
Originally Posted by Pulaski
(Post 11532396)
Which state? Some collect sales tax on the value of the vehicle at the inception of the lease, I believe that some amortize it over the life of the lease.
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Re: Car Tax and resgitration
Originally Posted by Michael
(Post 11532630)
I believe that is only done if the dealer pays the full amount to the state immediately (states want their money now with no risk of default) and tacks that on to the monthly payment as a loan.
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