Quote:
Originally Posted by rdsport323
from my understanding if you wanted to purchase the car at lease end, you will have to pay taxes again on the price of the car.
which kind of sucks
|
Depends on the state. If you live in a state where you pay taxes as you go (i.e., a portion of each month's lease payment is for sales tax), then you typically just pay the taxes on the residual if you buy at the end. That makes sense, because you haven't paid tax on the residual yet. You don't usually have to re-pay tax you've already paid.
__________________
May 3, '07European Delivery, Redelivered on 6/11/07 - Monaco Blue/Beige, Steptronic, ZPP, ZCW, PDC, iDrive/Navi with RTTI, Logic 7, Xenons, HD Radio