Help with lease numbers from contract
Please see pic for the itemization of cap cost. I am in zip code 60187. Tax is probably 7.25%
What is the formula for the sales tax of $853.22. Don't know how that number was calculated. Please advise. Thanks

What is the formula for the sales tax of $853.22. Don't know how that number was calculated. Please advise. Thanks

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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I believe the state collects the sales tax up front and the county adds it to the monthly payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Sales tax obligations vary from state to state. Some tax the monthly payment alone. Others (like IL) calculate the total sales tax for the lease up front. And there are still a handful of states that applies sales tax to the entire selling price of the vehicle, which is what IL did until 2015.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Just thought of something - there may be sales tax owed on any down payment or incentive.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige