if you were to lease and buyout at the end of the lease dont you pay taxes twice? First when you lease it and then when you buy it again? I am trying to understand it myself but i am being told that in IL it is like this and the bmw select does not sound so bad. that way you dont have to pay taxes twice.
someone please correct me if i am wrong please.
i am in IL and want to take over a leased car that is in new jersey and i really dont want to pay taxes twice.