[Vectors2final]

Depends on your state tax laws. Some leases are taxed based on a portion of the lease, some are based on the entire cost of the car.

That sucks, man. Going through Floridas use tax laws, there is some weird shit in there.

Edit: from what I've been reading, you guys don't get the trade in tax credit? Reminds me of how much I don't miss CA.

[Kabrich]

Originally Posted by Vectors2final

Depends on your state tax laws. Some leases are taxed based on a portion of the lease, some are based on the entire cost of the car.

That sucks, man. Going through Floridas use tax laws, there is some weird shit in there.

Edit: from what I've been reading, you guys don't get the trade in tax credit? Reminds me of how much I don't miss CA.

1) Florida tax is calculated each month on the monthly payment of a lease. That way you do not pay sales tax on the full amount. Other states hit you for the full amount upfront as you stated.

2) You do not get any tax credit for trade in. However, if you own a car that let's say is worth $20k and the purchase price is $40k, you are only taxed on the $20k difference. Likewise, if you lease and if some miracle happens and they were willing to give you more for your old lease than the payoff, that would be deducted from the new car price as well, so the monthly payments would be reduced as well as the monthly tax on the new lease.

I've seen worse states for this type of thing, however, I used to remember how the max Sales Tax for a car in NC was $100 regardless of price, then $250 or $300, then jumped to $1000. Needless to say, I used to register all my new cars in NC for the first 6 months before moving them to Florida

[Ali Shiralian]

Just traded in my 2010 4runner limited with 4 months left on the lees and got a 2014 335 I xdrive at a great price. It all depends on your negotiating skills