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Sales tax on the payment..... Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Fri, 3 Mar 2006 10:18:46 In Reply to: Saab Leasing and sales tax, galaynta [Profile/Gallery] , Fri, 3 Mar 2006 09:02:43 Members do not see ads below this line. - Help Keep This Site Online - Signup |
I believe sales tax is due on the amount of the payment at whatever the billing address is at the local rate. Check your Maryland contract to see how much sales tax was paid at the time. Likely just a small amount on the 1st payment due at signing and perhaps another small amount any cap reduction or down payment component of the drive offs.
That's one of the standard advantages of a lease, no sales tax on the purchase price, only sales tax on the monthly payment and down payments, but I do imagine there are some state to state complications.
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