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Old 01-25-2010, 05:59 AM
obi.wan obi.wan is offline
Officially Welcomed to the 'Fest
Location: St Pete
Join Date: Feb 2007
Posts: 297
Mein Auto: 06 XC90x2(me) , 07 530xiT
Originally Posted by SteveinBelAir View Post
A couple of things.
Several states that include Illinois, Virginia, Maryland and Texas (please chime in if there are more) require you to pay tax on the negotiated price of the car. Yes, that's right, just as if you are buying it outright. In these states, you either pay it all up front or build it into the lease. On a 24 month lease, this will kill your payment

Note also that if you decide to buy the car at the end of the lease, YOU WILL PAY TAX AGAIN!
So now the Maryland tax rate is 6%, still pay the tax on the full negotiated price
BUT starting I believe last year, no longer have to pay tax if you do a lease buyout

Having to still pay tax on the full price is a bummer
2007 530XiT Monaco Blue/Beige
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