View Single Post
      07-11-2012, 10:36 PM   #11
M3 Esq
M3 Esq's Avatar

Drives: 911, X5, M235i
Join Date: Aug 2007
Location: CT

iTrader: (10)

Ok so I just learned something. It looks like the law in NJ was changed in 2005 which makes the lessor and not the leasing company responsible for the tax. In most states the leasing company is responsible for paying the tax then passes it on to the lessor as a portion on the monthly payment. Now in NJ the lessor is directly responsible. That is why you had to pay up front. I do not have experience with this issue but I don't see how you can recover the tax. Is there any way to pass those amounts on to the party assuming the lease?
2013 M3 LRPE Sold
2011 335i Sold
2013 M3 Coupe DCT RIP
2011 M3 Coupe Sold
2007 335i Sold