► NY Lease Sales Tax

hl0m4n · 12-04-2016, 10:09 PM

can someone explain how taxes are calculated on NY leases?

is it off monthly payment, msrp, total payments of lease term?

help much appreciated, thank you.

ChallengeM · 12-05-2016, 09:54 AM

You don't get taxed on the entire value of the car but the sum of all monthly payments throughout the usage.

12-04-2016, 10:09 PM	#1
hl0m4n Major General 2159 Rep 5,623 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	► NY Lease Sales Tax can someone explain how taxes are calculated on NY leases? is it off monthly payment, msrp, total payments of lease term? help much appreciated, thank you. __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
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12-05-2016, 09:54 AM	#2
ChallengeM Lieutenant 42 Rep 576 Posts Drives: E92 M3 Join Date: Oct 2013 Location: Long Island, NY iTrader: (16)	You don't get taxed on the entire value of the car but the sum of all monthly payments throughout the usage.
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