|
|
|
|
|
|
BMW Garage | BMW Meets | Register | Today's Posts | Search |
|
BMW 3-Series (E90 E92) Forum
>
Rolling in sales tax in NY
|
|
01-19-2007, 07:38 AM | #1 |
Private
6
Rep 68
Posts |
Rolling in sales tax in NY
I posted this same question on bimmerfest but not too many people replied and i am still confused as to how the monthly payment is calculated with sales tax rolled in. Someone suggested that I do the calculations based on the sales tax paid upfront, then with the total amount of tax calculated, add it to the cap cost and do the math again. I tried it but it doesn't work.
In NY, we pay tax on the leased amount not the entire cost of the vehicle. |
01-19-2007, 09:30 AM | #2 |
Enlisted Member
3
Rep 45
Posts |
I would do the math without the sales tax included, calculate the tax based on the aggregate lease payments and plug the tax back in later. I paid the sales tax up front.
|
Appreciate
0
|
Bookmarks |
|
|