Re: sure,,, - Saab General Bulletin Board - Saabnet.com
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Re: sure,,,
Posted by Charlemon [Email] (more from Charlemon) on Wed, 2 Feb 2005 15:56:39
In Reply to: sure,,,, markP, Tue, 1 Feb 2005 16:34:41
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The lease you are paying tax on the difference between sales price and resid, Vs. the Balloon you're taxed on the whole thing. SAAB helps out the New Yorkers though with Balloon Support, and Balloon Assistance, and balloon appreciation to neutralize the tax differences and offer an Ad balloon payment that equals the Ad lease. "Vicarious Liability", which eliminated leasing in NY is still in the courts, and eventually the laws will be rewritten to make again leasing legal in NY.
Whats nice about the east is the tax credit that comes with trading a car, meaning you reduce the sales price by the value of the trade, and tax only the remaining balance. I've heard there are parts of the country that don't do that, which leaves you taxed twice.
posted by 207.158.49...
Posts in this Thread:
- Regional Programs!!...., Mike Lynch , Tue, 1 Feb 2005 13:34:38
- regional 'quirk'.., markP, Tue, 1 Feb 2005 13:45:39
- Sales tax penalty...., Mike Lynch , Tue, 1 Feb 2005 14:00:59
- Re: Sales tax penalty...., jp, Wed, 2 Feb 2005 12:06:14
- sure,,,, markP, Tue, 1 Feb 2005 16:34:41
- Re: sure,,,, Charlemon, Wed, 2 Feb 2005 15:56:39 <-- Viewing This Message
- Not hard, just costly.., Mike Lynch , Tue, 1 Feb 2005 17:04:20
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