Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options

NC taxes on a leased vehicle?

seanj1seanj1 Member Posts: 41
edited January 2018 in General
So do I pay NC 3% highway use tax on the monthly lease payment or is it paid upfront at the time of signing? Also who is responsible for the state property tax- since the vehicle is owned by the leasing company, do they pay it or does the lessee have to pay the personal property tax?

Comments

  • kyfdxkyfdx Moderator Posts: 265,514
    seanj1 said:

    So do I pay NC 3% highway use tax on the monthly lease payment or is it paid upfront at the time of signing? Also who is responsible for the state property tax- since the vehicle is owned by the leasing company, do they pay it or does the lessee have to pay the personal property tax?

    Property tax will either be paid directly by the lessee, or paid by the bank, then reimbursed by the lessee.

    3% tax on the payments, I think...

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Sign In or Register to comment.