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Originally Posted by M Fanatic
Quote:
Originally Posted by Kief
No problem
But you guys in states that require you to pay the entire tax on a lease is ridiculous! So would you be "double taxed" on the residual if you decided to buy the car after the lease?
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That's not true at all. In NJ, we pay tax on the MSRP - Residual, which is a lot less than paying tax on the full price. This is one of the reasons why I lease my cars. |
If you purchase a car and later trade it in, you should get back the tax on the trade in value.