View Single Post
      09-04-2009, 02:29 PM   #11
isugoo
Major General
 
isugoo's Avatar
 
Drives: 14 M5 CP
Join Date: Feb 2008
Location: Irvine, CA

Posts: 5,675
iTrader: (61)

Quote:
Originally Posted by Bama M3 View Post
No, the tax is not "already included in the payment" as I paid the up front sales tax separately.
That's what I'm saying.
In VA, you have to pay sales tax on the full car price up front.
your lease price include: car price + tax + title, tag etc. So you don't pay tax on your payment because you paid tax already when you signed the lease agreement.

In CA, you only pay sales tax on the monthly payment, not the car price. So when CA sales tax went up, every lease payment went up even though they leased their car 1-2 years ago.


And congrat! I knew it's not going to take that long to find a new owner.
It was such great deal for near VA peeps!
__________________

PAST: 11 E70 X5M | 08 E90 M3 | 08 E92 335i | 03.5 E46 M3 | 99 E36 M3
isugoo is offline   United_States
0
Reply With Quote