Originally Posted by mdosu
NJ seriously charges tax on the full price of a leased car with no clawback? doesn't sound right...
I would think the taxed amount would be price of car and money factor minus residual. But lots of states do that. Taxing the monthly amount is the same just spread out over the term of the lease.
*edit - basically you're taxed on the depreciated amount. They just collect it up front