2007-03-15 04:32:04 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You are paying "use" tax on a leased vehicle. If at the end of the lease, you decide to purchase the vehicle, you will only pay sales tax on what you buy the vehicle at that time for, not the original cost of the vehicle
2007-03-15 11:13:47 · answer #1 · answered by just me 6 · 0⤊ 0⤋
Its still a sales tax because you are now purchasing a service (leased vehicle). Just like when you pay sales tax on a rented car from Hertz, a motel room, or even having a professional (lawyer, CPA, etc) perform a service for you. You just pay tax on the time (amount of the cost) you use the vehicle.
2007-03-15 11:37:11 · answer #2 · answered by ALASPADA 6 · 0⤊ 0⤋
its simple no matter what your buying your buying it even if leasing
leasing is a fancy word to say i am buy this for so many monthes and pay for the maintance fees
i t is a hole lot easir to buy it
but then it also falls under the yahct clause
were back in the day one the rich had yahcts and cars it was taxed in the 20s to now so deal with it
2007-03-15 11:38:01 · answer #3 · answered by m16_78250 1 · 0⤊ 0⤋
i think it's called luxury tax...even though it may not be luxury...
2007-03-15 11:35:31 · answer #4 · answered by Bear 2 · 0⤊ 0⤋