View Single Post
      05-23-2011, 03:02 PM   #89
saeyedoc
Lieutenant
14
Rep
540
Posts

 
Drives: 2012 Cayman S, 2012 Panamera
Join Date: Jun 2010
Location: San Antonio, TX

iTrader: (0)

Quote:
Originally Posted by dfwsig View Post
Unless you lease in Texas where you pay sales tax on the total price of the car, not the lease!
If you lease another car from the same manufacturer at the end of your lease, no sales tax at all in Texas. There's some kind of loophole the manufacturer's use for this. Something about shuffling values from another car in their fleet. I was told this by both the BMW and Porsche dealers here in the last few months.
The other problem with leasing in TX is you have to pay sales tax again if you buy out at the end of the lease since the title changes hands. I found some weird loophole regarding that, has to do with paying less than market value at buy out time, but haven't heard back from a BMW SA how that works.