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Leasing a car in New Jersey being a NY resident

ilyaw77ilyaw77 Member Posts: 3
edited August 2014 in General

Hi Guys,
I have a quick question. I'm going to lease a car in New Jersey location and dealer said that my monthly lease payments already include taxes. But being a New York resident and previously leasing in NY I know that I have to pay taxes up front when leasing the vehicle, so I'm a little lost here. How does it work? Can the dealer be right saying that lease already include taxes in monthly payment?

Thanks!

Best Answer

Answers

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481

    You should check with NY DMV but I think you are subject to the NY tax rate.

    Here are some NY DMV rules on this subject:

    http://dmv.ny.gov/registration/register-leased-vehicle

  • ilyaw77ilyaw77 Member Posts: 3

    thanks, that what I thought... but the dealer ensure me that this will be NY tax included in the payments, I will see I guess :)

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481

    Well the dealer should know all this if he does any out of state business.

  • ilyaw77ilyaw77 Member Posts: 3

    Thanks a lot kyfdx and Mr_Shiftright. I guess I was confused thinking that up front taxes got to be paid right away as it was done in Acura dealership when I took my previous car. Now it makes it much more clear.

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