BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > Regional Forums > USA - California
INDustry distribution
Post Reply
Thread Tools Search this Thread
      06-22-2012, 05:47 PM   #1
Lieutenant Colonel
gnhm3's Avatar

Drives: F82 M4
Join Date: Jul 2010
Location: West LA

iTrader: (18)

Question about assuming a lease from another state and taxes.

I am currently in the process of assuming a lease from a guy who lives in New Jersey and his payment is right around $800 a month. When I tried filling out the credit app online the payment jumped to $870. We called BMWFS and they said that he didn't have to pay any taxes or something along those lines but once I register it in California then a tax rate of 8.75% would be applied.

Does anyone have an experience with this? Any input would be appreciated. Thanks.
Appreciate 0
      06-22-2012, 07:58 PM   #2
Brigadier General

Drives: '11 135 Sport DCT
Join Date: Apr 2011
Location: The Valley, Los Angeles

iTrader: (6)

Send a message via AIM to cooler2442 Send a message via Skype™ to cooler2442
That's how it is. Have to pay tax on a lease. Either up front or monthly.
Appreciate 0
Post Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT -4. The time now is 01:20 AM.

Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.,,,,,,,,, logo and trademark are properties of BIMMERPOST