2007-02-27 06:25:41 · 6 answers · asked by otherland0088 2 in Cars & Transportation ➔ Buying & Selling
The way you are asking the questions makes it sound like the taxes will be rolled into the loan. If that it is the case you will be paying interest on the taxes. If you pay them all upfront then that is all you pay. You won't have any interest to pay on the taxes. Plus, your monthly payment will be lower.
2007-02-27 06:29:42 · answer #1 · answered by Chris B 3 · 1⤊ 0⤋
It is typically best to pay the upfront taxes at the time of the lease, for you will not be incurring the rental charge on that amount.
Note, you will pay monthly sales tax on the payment, so the lower the payment, the lower the monthly sales tax amount as well.
Thus, by paying all taxes and fees upfront, you save on the total Rental Charge and the total Sales Tax.
2007-02-27 16:27:52 · answer #2 · answered by Robert S 3 · 0⤊ 0⤋
Definately UPfront! You'll be paying interest on those taxes. I never thought of it and had mine rolled into my car loan! I am very sorry for doing it that way! I just cost myself a lot more in interest...duh, on MY part. Hope you'll wise up & pay them out right. Good luck!
2007-02-27 14:36:31 · answer #3 · answered by HeavenlyAngel 3 · 0⤊ 0⤋
Upfront get it out of the way.
2007-02-27 14:29:03 · answer #4 · answered by Macgyver with Crosby 4 · 0⤊ 0⤋
Pay them up front to get them out the way.
Why are you leasing a car?
2007-02-27 14:30:56 · answer #5 · answered by Arnold 4 · 0⤊ 0⤋
Pay the taxes on a quarterly basis ...... it's your money.....
2007-02-27 14:29:46 · answer #6 · answered by XTX 7 · 0⤊ 0⤋