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Vehicle Sales Tax Questions

947 messages,  Last post on Nov 23, 2009 at 10:05 AM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Financing, Car Leasing


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#861 of 947
Re: Not to change the subject but [tallman1] by lokki
Feb 02, 2009 (11:10 am)
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Replying to: tallman1 (Feb 02, 2009 9:27 am)

http://www.dot.state.tx.us/drivers_vehicles/vehicle_titles/std_presumptive_value- .htm
 
  Oh Dear!
#862 of 947
Sales Tax Increase by spk55
Mar 11, 2009 (2:45 pm)
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I live in Los Angeles, where the sales tax is about to go up to 10% on April 1st. It is currently 8.25%. Does anyone know if the sales tax on my lease will go up if I close the deal by the end of March?
#863 of 947
Re: Sales Tax Increase [spk55] by euphonium
Mar 11, 2009 (9:29 pm)
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Replying to: spk55 (Mar 11, 2009 2:45 pm)

If the lessor buys before April Fools Day, the ST is whatever is in effect at the time of that purchase.
#864 of 947
Re: Sales Tax Increase [spk55] by volvomax
Mar 12, 2009 (9:26 am)
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Replying to: spk55 (Mar 11, 2009 2:45 pm)

If you pay tax on the payment each month, then your tax rate will go up.
#865 of 947
Re: Sales Tax Increase [volvomax] by kyfdx HOST
Mar 12, 2009 (12:03 pm)
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Replying to: volvomax (Mar 12, 2009 9:26 am)

Yup.. I can't see how it would be any other way...
#866 of 947
Re: Sales Tax Increase [volvomax] by euphonium
Mar 12, 2009 (3:01 pm)
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Replying to: volvomax (Mar 12, 2009 9:26 am)

Wasn't the ST paid by the Lessor before 1 April 8.25%? Thus his cost of leasing is based on 8.25% because the Lessor bought and paid for the car before 1 April.
 
How does it work out the Lessee has to pay 10% after 1 April?
#867 of 947
Re: Sales Tax Increase [euphonium] by tidester HOST
Mar 12, 2009 (3:45 pm)
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Replying to: euphonium (Mar 12, 2009 3:01 pm)

I believe the customer is responsible for the sales tax so the lessor would not have paid it. Otherwise, it would be similar to a dealership paying sales tax for "buying" from the manufacturer. Perhaps one of the salespeople can help us out on this one?
 
tidester, host
SUVs and Smart Shopper
#868 of 947
Re: Sales Tax Increase [euphonium] by kyfdx HOST
Mar 13, 2009 (5:43 am)
Reply

Replying to: euphonium (Mar 12, 2009 3:01 pm)

No... the lessor doesn't pay the sales tax in advance in California, even though they purchase the car.. Since they aren't the end user, they don't pay the tax.
 
The tax is collected monthly on the rental of the car. When the tax rate goes up, the lease payment will reflect that.
 
Of course, other states that do collect the tax upfront will have different rules.
 
regards,
kyfdx
visiting host
#869 of 947
Re: Sales Tax Increase [kyfdx] by volvomax
Mar 13, 2009 (8:54 am)
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Replying to: kyfdx (Mar 13, 2009 5:43 am)

Bingo!
#870 of 947
Sales Tax on Disposition Fee and Mileage Overage? by spingrinder
Mar 21, 2009 (9:22 pm)
Reply
Sorry if this has been asked before - searched and could not find anything.
 
I'm in California - Wells Fargo lease is sticking me with a disposition (turn in) fee and I have some mileage overage. They are also claiming that they are required to add sales tax on both the disposition fee and the mileage fee. Anyone know if that is correct?
 
Thanks.

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