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      05-08-2020, 01:17 PM   #89
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Use tax is tax on the monthly payment common on leases. It's tax rate on payment. Sure better than having to pay entire tax of vehicle on lease like in some states.
Errr, isn't that what I said... perhaps you're just agreeing with me.

Agreed on the upfront alternative.
Yes agreeing with you! I was responding to other guys who was complaining about the use tax. I was saying better than some states where you pay full tax on msrp on leases.
Got it.

I think NY state has to pay everything upfront which is literally the opposite of the whole point of a lease.

Then there's Alaska—> zero tax. Almost makes me want to live there. Almost.
Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?

I know before, folks in Hawaii used to go to Oregon to buy new cars because of no sales tax and then ship the car back here. But they changed Hawaii laws a few years ago and now you have to pay the sales tax on any new car being shipped in from out of state through a cargo shipping company. The shipping companies won't release the car down at the dock unless you pay the state sales tax. When the state first changed this requirement and folks didn't realize the change, they were getting screwed. One of my friends told me he was down at the dock to pick up a boat he had shipped through Matson here and a guy had bought a brand new MB in Cali and had it shipped here. Matson told him they wouldn't release the car to him until he paid the Hawaii sales tax and the guy was arguing with them that he already paid the Cali tax when he bought the car so shouldn't have to pay Hawaii sales tax on top of that.

The only way around this is to buy a car on the mainland and keep it up there for a month or so to get regular non-temp tags and then ship it here as at that point they no longer consider it a new car and the new law doesn't require used cars to follow the same.
You pay tax based on where you live
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      05-08-2020, 01:33 PM   #90
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Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?
General rule of thumb via auto retail installment contracts and lease agreements is that taxation is based on residence not where point of sale occurs. A dealer that is out of state should not not charge tax because it might not be a reciprocal state (where they would collect and remit to the other state) but instead they do a one way MSO and let the buyer pay tax when he/she registers the car in their state. This is for retail contracts.

So Dean (Limey) in your question could go to Oregon but he would still pay tax on the payment based on his garage address via the lease agreement.
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      05-08-2020, 02:31 PM   #91
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We always roll the tax/reg into the payments so there is no overpayment on pull aheads, something we do on every MB. Pull aheads seem more rare in the BMW world.
MN pays sales tax on the lease portion...
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      05-08-2020, 03:29 PM   #92
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Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?
General rule of thumb via auto retail installment contracts and lease agreements is that taxation is based on residence not where point of sale occurs. A dealer that is out of state should not not charge tax because it might not be a reciprocal state (where they would collect and remit to the other state) but instead they do a one way MSO and let the buyer pay tax when he/she registers the car in their state. This is for retail contracts.

So Dean (Limey) in your question could go to Oregon but he would still pay tax on the payment based on his garage address via the lease agreement.
Correct—and as Vic knows, that's exactly what happens every time I get a new car. So far I've done CA, TX, NY and CO with CA being the clear repeat-buy winner.
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      05-08-2020, 03:39 PM   #93
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Originally Posted by LSM View Post
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Originally Posted by Da808dad View Post
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Originally Posted by limeypride View Post
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Originally Posted by LSM View Post
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Originally Posted by limeypride View Post
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Originally Posted by LSM View Post
Use tax is tax on the monthly payment common on leases. It's tax rate on payment. Sure better than having to pay entire tax of vehicle on lease like in some states.
Errr, isn't that what I said... perhaps you're just agreeing with me.

Agreed on the upfront alternative.
Yes agreeing with you! I was responding to other guys who was complaining about the use tax. I was saying better than some states where you pay full tax on msrp on leases.
Got it.

I think NY state has to pay everything upfront which is literally the opposite of the whole point of a lease.

Then there's Alaska—> zero tax. Almost makes me want to live there. Almost.
Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?

I know before, folks in Hawaii used to go to Oregon to buy new cars because of no sales tax and then ship the car back here. But they changed Hawaii laws a few years ago and now you have to pay the sales tax on any new car being shipped in from out of state through a cargo shipping company. The shipping companies won't release the car down at the dock unless you pay the state sales tax. When the state first changed this requirement and folks didn't realize the change, they were getting screwed. One of my friends told me he was down at the dock to pick up a boat he had shipped through Matson here and a guy had bought a brand new MB in Cali and had it shipped here. Matson told him they wouldn't release the car to him until he paid the Hawaii sales tax and the guy was arguing with them that he already paid the Cali tax when he bought the car so shouldn't have to pay Hawaii sales tax on top of that.

The only way around this is to buy a car on the mainland and keep it up there for a month or so to get regular non-temp tags and then ship it here as at that point they no longer consider it a new car and the new law doesn't require used cars to follow the same.
You pay tax based on where you live
Auto lease taxes in Texas is practice not law. The lessor/owner (dealership) of the property is responsible for the tax, the lease contract is not subject to tax. BMW just passes the full tax to the lessee so they don't incur the costs.
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      05-08-2020, 04:05 PM   #94
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Quote:
Originally Posted by Belugs View Post
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Originally Posted by LSM View Post
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Originally Posted by Da808dad View Post
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Originally Posted by limeypride View Post
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Originally Posted by LSM View Post
Quote:
Originally Posted by limeypride View Post
Quote:
Originally Posted by LSM View Post
Use tax is tax on the monthly payment common on leases. It's tax rate on payment. Sure better than having to pay entire tax of vehicle on lease like in some states.
Errr, isn't that what I said... perhaps you're just agreeing with me.

Agreed on the upfront alternative.
Yes agreeing with you! I was responding to other guys who was complaining about the use tax. I was saying better than some states where you pay full tax on msrp on leases.
Got it.

I think NY state has to pay everything upfront which is literally the opposite of the whole point of a lease.

Then there's Alaska—> zero tax. Almost makes me want to live there. Almost.
Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?

I know before, folks in Hawaii used to go to Oregon to buy new cars because of no sales tax and then ship the car back here. But they changed Hawaii laws a few years ago and now you have to pay the sales tax on any new car being shipped in from out of state through a cargo shipping company. The shipping companies won't release the car down at the dock unless you pay the state sales tax. When the state first changed this requirement and folks didn't realize the change, they were getting screwed. One of my friends told me he was down at the dock to pick up a boat he had shipped through Matson here and a guy had bought a brand new MB in Cali and had it shipped here. Matson told him they wouldn't release the car to him until he paid the Hawaii sales tax and the guy was arguing with them that he already paid the Cali tax when he bought the car so shouldn't have to pay Hawaii sales tax on top of that.

The only way around this is to buy a car on the mainland and keep it up there for a month or so to get regular non-temp tags and then ship it here as at that point they no longer consider it a new car and the new law doesn't require used cars to follow the same.
You pay tax based on where you live
Auto lease taxes in Texas is practice not law. The lessor/owner (dealership) of the property is responsible for the tax, the lease contract is not subject to tax. BMW just passes the full tax to the lessee so they don't incur the costs.
Attached is from the finance dept of the Texas comptroller of public accounts. Read inside the red boundaries. If u lease the car from out of state. You only pay use tax on the lease amount.
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      05-08-2020, 04:25 PM   #95
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Quote:
Originally Posted by Belugs View Post
Quote:
Originally Posted by Belugs View Post
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Originally Posted by LSM View Post
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Originally Posted by Da808dad View Post
Quote:
Originally Posted by limeypride View Post
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Originally Posted by LSM View Post
Quote:
Originally Posted by limeypride View Post
Quote:
Originally Posted by LSM View Post
Use tax is tax on the monthly payment common on leases. It's tax rate on payment. Sure better than having to pay entire tax of vehicle on lease like in some states.
Errr, isn't that what I said... perhaps you're just agreeing with me.

Agreed on the upfront alternative.
Yes agreeing with you! I was responding to other guys who was complaining about the use tax. I was saying better than some states where you pay full tax on msrp on leases.
Got it.

I think NY state has to pay everything upfront which is literally the opposite of the whole point of a lease.

Then there's Alaska—> zero tax. Almost makes me want to live there. Almost.
Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?

I know before, folks in Hawaii used to go to Oregon to buy new cars because of no sales tax and then ship the car back here. But they changed Hawaii laws a few years ago and now you have to pay the sales tax on any new car being shipped in from out of state through a cargo shipping company. The shipping companies won't release the car down at the dock unless you pay the state sales tax. When the state first changed this requirement and folks didn't realize the change, they were getting screwed. One of my friends told me he was down at the dock to pick up a boat he had shipped through Matson here and a guy had bought a brand new MB in Cali and had it shipped here. Matson told him they wouldn't release the car to him until he paid the Hawaii sales tax and the guy was arguing with them that he already paid the Cali tax when he bought the car so shouldn't have to pay Hawaii sales tax on top of that.

The only way around this is to buy a car on the mainland and keep it up there for a month or so to get regular non-temp tags and then ship it here as at that point they no longer consider it a new car and the new law doesn't require used cars to follow the same.
You pay tax based on where you live
Auto lease taxes in Texas is practice not law. The lessor/owner (dealership) of the property is responsible for the tax, the lease contract is not subject to tax. BMW just passes the full tax to the lessee so they don't incur the costs.
Attached is from the finance dept of the Texas comptroller of public accounts. Read inside the red boundaries. If u lease the car from out of state. You only pay use tax on the lease amount.
Yup. That reflects what has happened to me with TX leases 3 times now.
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      05-08-2020, 04:27 PM   #96
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Quote:
Originally Posted by Vic55 View Post
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Originally Posted by Da808dad View Post
Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?
General rule of thumb via auto retail installment contracts and lease agreements is that taxation is based on residence not where point of sale occurs. A dealer that is out of state should not not charge tax because it might not be a reciprocal state (where they would collect and remit to the other state) but instead they do a one way MSO and let the buyer pay tax when he/she registers the car in their state. This is for retail contracts.

So Dean (Limey) in your question could go to Oregon but he would still pay tax on the payment based on his garage address via the lease agreement.
I guess the guy who bought the MB and my friend heard arguing with Matson either got totally screwed one way or another, had no idea what he was talking about, or was trying to pull a fast one.

I wonder if this out of state tax rule only applies to cars or if other stuff such as boats also. I know when I bought my boat in Vegas and had it shipped to Hawaii, the dealer I bought it from in Vegas gave me the option to pay the tax on it upfront based on Nevada tax rate or when I register it in Hawaii. They actually told me it was better to pay the tax on it in Hawaii since Hawaii tax rate is like half of Nevada's. However, boats here in Hawaii aren't registered to the DMV (only the trailer is) and so there was no one to pay the tax to here in Hawaii as the department I register the boat only charges a set $115 fee ($60 for the boat and $55 for ramp usage).
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      05-08-2020, 04:36 PM   #97
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I guess the guy who bought the MB and my friend heard arguing with Matson either got totally screwed one way or another, had no idea what he was talking about, or was trying to pull a fast one.

I wonder if this out of state tax rule only applies to cars or if other stuff such as boats also. I know when I bought my boat in Vegas and had it shipped to Hawaii, the dealer I bought it from in Vegas gave me the option to pay the tax on it upfront based on Nevada tax rate or when I register it in Hawaii. They actually told me it was better to pay the tax on it in Hawaii since Hawaii tax rate is like half of Nevada's. However, boats here in Hawaii aren't registered to the DMV (only the trailer is) and so there was no one to pay the tax to here in Hawaii as the department I register the boat only charges a set $115 fee ($60 for the boat and $55 for ramp usage).

I only know about auto--- not sure about boats and other luxury items/recreation items.
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      05-08-2020, 05:09 PM   #98
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Quote:
Originally Posted by Da808dad View Post
Quote:
Originally Posted by Vic55 View Post
Quote:
Originally Posted by Da808dad View Post
Don't you live in Washington State? What if you were to go down to Oregon and lease/purchase a car? Don't know how the usage tax is different there but I would think sales tax (lack of in Oregon) would make a huge difference?
General rule of thumb via auto retail installment contracts and lease agreements is that taxation is based on residence not where point of sale occurs. A dealer that is out of state should not not charge tax because it might not be a reciprocal state (where they would collect and remit to the other state) but instead they do a one way MSO and let the buyer pay tax when he/she registers the car in their state. This is for retail contracts.

So Dean (Limey) in your question could go to Oregon but he would still pay tax on the payment based on his garage address via the lease agreement.
I guess the guy who bought the MB and my friend heard arguing with Matson either got totally screwed one way or another, had no idea what he was talking about, or was trying to pull a fast one.

I wonder if this out of state tax rule only applies to cars or if other stuff such as boats also. I know when I bought my boat in Vegas and had it shipped to Hawaii, the dealer I bought it from in Vegas gave me the option to pay the tax on it upfront based on Nevada tax rate or when I register it in Hawaii. They actually told me it was better to pay the tax on it in Hawaii since Hawaii tax rate is like half of Nevada's. However, boats here in Hawaii aren't registered to the DMV (only the trailer is) and so there was no one to pay the tax to here in Hawaii as the department I register the boat only charges a set $115 fee ($60 for the boat and $55 for ramp usage).
I believe it applies to other property other than auto. Here is the link if you want to look into it. May have to copy and paste in your browser.

https://texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&p_tloc=&p_p loc=&pg=1&p_tac=&ti=34&pt=1&ch=3&rl=294
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      05-08-2020, 05:11 PM   #99
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I believe it applies to other property other than auto. Here is the link if you want to look into it. May have to copy and paste in your browser.

https://texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&p_tloc=&p_p loc=&pg=1&p_tac=&ti=34&pt=1&ch=3&rl=294
Thanks but I think he is referring to his state not Texas.
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      05-08-2020, 05:16 PM   #100
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Originally Posted by Vic55 View Post
Quote:
Originally Posted by Belugs View Post
I believe it applies to other property other than auto. Here is the link if you want to look into it. May have to copy and paste in your browser.

https://texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&p_tloc=&p_p loc=&pg=1&p_tac=&ti=34&pt=1&ch=3&rl=294
Thanks but I think he is referring to his state not Texas.
Oh ok got it.
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      05-08-2020, 05:43 PM   #101
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Quote:
Originally Posted by Vic55 View Post
Quote:
Originally Posted by Belugs View Post
I believe it applies to other property other than auto. Here is the link if you want to look into it. May have to copy and paste in your browser.

https://texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&p_tloc=&p_p loc=&pg=1&p_tac=&ti=34&pt=1&ch=3&rl=294
Thanks but I think he is referring to his state not Texas.
Lol yup.
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      06-03-2020, 01:19 AM   #102
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      06-03-2020, 01:21 AM   #103
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      06-03-2020, 10:21 AM   #104
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M8 CV now has 5,000 mile per year lease option on convertible only. +6% to base residual.
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      06-28-2020, 01:24 AM   #105
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M8 lease deal proposal

Hello everyone need your intake does this sound like a good deal or you guys feel that I can do better?
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      06-28-2020, 01:26 AM   #106
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Pictures of the potential deal

Below are the price quotes for the lease. Thanks for your help guys!
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      06-30-2020, 01:34 AM   #107
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Below are the price quotes for the lease. Thanks for your help guys!
I can't do math at 2 am, but that's close to 20% off sticker? That's probably a good deal on a custom order. Maybe just an average deal if the car has been on the lot more than 30-60 days. Still acceptable I think.

It's probably similar to this one:

https://www.cars.com/vehicledetail/d...6602/overview/

So it's available everywhere for that price. Approximately 160 bmw m8 competition coupes 2020 on the ground here in lots.
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      06-30-2020, 01:46 AM   #108
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For comparisons, my $140k car is selling for roughly $84k. So you can always find one with less than 2000 miles for almost half of sticker brand new less than 1 year later.

https://www.cars.com/vehicledetail/d...7250/overview/

If you're leasing, you probably can't afford to buy a used one. But if you can, I'd advice you to get one with 2000-3000 miles on it.
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      07-01-2020, 01:51 PM   #109
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      07-06-2020, 01:36 PM   #110
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Can someone guide me on how to get a deal like this in California? I need a car ASAP and am leaning towards an M8 GC
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