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BMW 3-Series (E90 E92) Forum
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DC Owners: Do you have pay sales tax when taking over a lease?
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| 03-16-2012, 06:46 AM | #1 |
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DC Owners: Do you have pay sales tax when taking over a lease?
Any experience here? There are a couple very tasty Z4 lease take over deals on this forum and I'm craving a vert for the spring/summer
 But if I have to pay 6% sales tax on $50k car to keep just for 15 months, those become no deals. My gut tells me lease take over is treated like a sale... |
| 03-16-2012, 09:41 AM | #2 |
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Isn't sales tax rolled into monthly payment? So you're not paying it up front...
Good thing I bought my car in NH tax-free
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| 03-18-2012, 12:15 PM | #3 | |
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Someone must have done this in the past. Come on, share your wisdom. |
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| 03-25-2012, 09:43 PM | #4 |
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It took a lot of googling but I think I figured it out: You do pay sales tax in form of usage tax. It's 10% of your monthly payment. And since it's a usage tax and not a sales tax, it doesn't make a difference whether you're the original lessee or a pass-down.
In the neighboring states of VA and MD, you guys get to pay the full amount of sales tax when you assume a lease  |
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