Re: Saab Leasing and sales tax - Saab General Bulletin Board - Saabnet.com
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Re: Saab Leasing and sales tax
Posted by Pat [Email] (more from Pat) on Fri, 3 Mar 2006 10:13:55
In Reply to: Saab Leasing and sales tax, galaynta [Profile/Gallery]
, Fri, 3 Mar 2006 09:02:43
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I bought my car out of state. The dealer collected 6.5% sales tax for my state where the car was first registered. If you buy a car in my state the sales tax is 6.5% on the entire car. However, if you lease it is 7% on the monthly payment because in my city there is additional .5% sales tax. If I lived in a different city I would pay less. The sales tax on buying a car may be different than leasing. Call someone else in State government to find out for sure. i think there is a bill in my state (maybe it passed ) to collect all the lease tax up front so the state can get the money right away. I don't know what would happen if you moved to a state with a different system. You might be able to get a tax credit for tax paid to another state. Find someone in the tax department who knows. Good luck.
posted by 204.73.5...
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