Quote:
Originally Posted by Resjudicata
Quote:
Originally Posted by Vic55
Quote:
Originally Posted by Resjudicata
it varies by state law. very specific to each location and in some cases even city by city or town. but mainly governed by state law.
For example, in Virginia there is no advantage to lease because you pay the FULL tax for any and all cars. you only get a "credit" of you trade in a vehicle at the same time when buying to offset.
for example, in Virginia; if you buy a $100k car; taxes is $5500. if you buy a $120k car with a $20k trade in, you pay the same $5500. if you buy a $125k car, you pay $7000 taxes. non refundable, not returnable. one time tax.
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In CA we get no tax credit--- all we do here is pay taxes on everything and anything.
I know my post means nothing but sometimes Im just pissed off LOLOLOL |
As this one and the Texas post prove. It varies GREATLY depending upon which state. California, Texas and Virginia are all very different And every state will be different. |
Attorney at Law lol any inputs in Jersey sir ?