1081 messages,
Last post on Mar 01, 2013 at 6:35 PM
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Car Financing, Car Leasing
#1040 of 1081 Re: more info on the issue [igozoomzoom]
by tallman1
Apr 04, 2011 (1:29 pm)
It is fairly easy in Washington state. I've bought a couple of vehicles in Oregon. They have no sales tax and don't charge you anything. You just pay the tax when you register the car in Washington.
#1041 of 1081 calling the finance division of the company
by sweendogy
Apr 04, 2011 (1:38 pm)
will keep you up as info comes in .. but still its an issue
#1042 of 1081 Re: more info on the issue [sweendogy]
by dwynne
Apr 05, 2011 (4:51 am)
From the chart here at this link both MA and NY allow the tax break on a trade. It does not say if they allow the break to out of state trades or not. Here in TN they do no care where the trade comes from, if you title the new / replacement car in TN you get the tax break. Read PDF here.
#1043 of 1081 Va dealer says sales tax is 6.17%- can this be true??
by mitcharno
Jul 31, 2011 (8:48 am)
Hi all- I'm leasing the g37x, I currently have the g35. I'm leasing the car in Va and live in Md. Dealer tells me I have to pay 6.17% sales tax (Md is 6%) because I'm leasing in Va and live in Md.
Does this make sense? Has anyone heard of this? Txs!
#1044 of 1081 Re: Va dealer says sales tax is 6.17%- can this be true?? [mitcharno]
by im_brentwood
Aug 02, 2011 (10:17 pm)
Generally you pay taxes based on where you live (My store is in NJ but we sell lots of cars to NY and sometimes CT and PA).
The .17 strikes me as odd though, perhaps it's some sort of inventory tax of some sort? Here in Jersey even out of state customers pay the $1.50 per tire tire fee as an example.
For what it's worth, the .17% is 85c on a $500 payment.... If the deal makes sense I wouldn't have it be a deal breaker personally.
#1045 of 1081 Re: Va dealer says sales tax is 6.17%- can this be true?? [mitcharno]
by dwynne
Aug 03, 2011 (8:34 am)
Last time I checked, both VA and MD charge tax on the full price of the car - not just the payments like most states. VA also charges personal property tax on lease vehicles.
I have done many out of state leases and I always pay the tax rate in my home state - never in the state where the dealership is located. It could be different up there, but I would think the dealer could do the same thing. While most states give you credit for taxes paid to another state, I would not want to risk having my home state come after me for taxes in addition to ones already paid out of state.
Check with other dealers in VA and see what they say, or lease from another state, or lease from a MD dealership. I leased my G37 coupe from Harper in Knoxville, TN and could not have been happier with the deal ($0 dealer doc fee, no MF mark up on the lease). Let me know if you need contact info.
#1046 of 1081 Re: Va dealer says sales tax is 6.17%- can this be true?? [mitcharno]
by ang4200
Aug 03, 2011 (9:01 am)
Did they actually tell you 6.17% or did they do some reverse mathematics based on a tax dollar amount calculated by their system? Its possible that they included other taxable items in the tax calcuation, such as a dealer processing fee, resulting in a higher tax dollar amount.
The 6% due to Maryland, however, is based on the Full Purchase Price or Gross Capitalized Cost of the vehicle, regardless of the payments made during the term or other items being charged in the lease. The only time the motor vehicle tax is collected in VA is when the application for Title is made, so in this case, since you are registering and titling in Maryland, there should not be any sales tax due to VA.
#1047 of 1081 Re: Va dealer says sales tax is 6.17%- can this be true?? [ang4200]
by kyfdx HOST
Aug 06, 2011 (10:26 am)
VA does have some sort of 0.17% tax for vehicles, on top of their 3% sales tax.. It is possible (as alluded to above) that it is some sort of inventory tax, that could be charged to any purchaser, regardless of residence.
I don't know that for sure, but it would make sense in this case. For the sales tax, you'd definitely pay your home state tax, and not where you bought it (ergo, the 6% for Maryland).
regards,
kyfdx
#1048 of 1081 Taxes on Lease Assumption (from CT to NJ)
by rjb080774
Oct 28, 2011 (10:10 am)
I am thining of assuming a lease that is currently owned by someone in CT. I am wondering about the taxes I will have ot pay once I register the cal in NJ. I am being told many things. Either a) that they will just charge 7% on top of the motnhly payment. or b), that I have to pay 7% of the total outstanding payments on the lease term - UPFRONT, or c) 7% of the total lien amount outstanding - UPFRONT.
Can anyone help clarify? Thanks.
#1049 of 1081 Illinois sales tax question
by markag
Dec 02, 2011 (7:24 am)
I live in tazewell county Illinois and I'm looking to purchase a vehicle after the 1st of the year. I'm looking for a specific used vehicle, and as of right now, there are a few I'm interested in up in the chicago area, as well as some just north of there in Wisconsin.
Chicago and it's surrounding areas all have much higher sales tax then the county I live in. I don't know what Wisconsin has for sales tax. My question is, if I buy a car from the chicago area, will I be charged sales tax from the county I purchase the vehicle in, or from the county that I live in? If I were to get it from Wisconsin, how would the sales tax situation work out?