[bubsterino]

This question is to everyone living in the DC / Virginia area. I have initially made my deal to be titled in Virginia where I'm currently living, but I will be moving to DC in a few weeks. Because my car has not been delivered yet, and I have nothing but time on my hands, I'm thinking about the pros and cons of titling the car in DC versus Virginia, and related taxes and ultimate monthly lease payments.

I understand that in Virginia, you get taxed on the total sales amount of the car for the lease (at 4%) upon delivery, but you do not pay taxes on the monthly payments. You also have personal property taxes in VA. In DC, though the DMV website makes no mention of this (shocker), you pay taxes on the total cost of ownership for the lease (sales price - residual) at 10% per month (I believe no taxes on the delivery date?).

Can anyone speak to the pros and cons of DC vs. VA? I'm going to run the numbers this evening and see where I'd be better off, but would appreciate any pointers from you guys. I believe I can also have my CA in VA run the numbers both ways.

Thanks!