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?

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  • kyfdxkyfdx Moderator Posts: 197,932
    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...

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