Hi, how do you figure out sales tax on a lease? I live in NY and currently have a deal on the table but sales tax seems off. Sale price is 36,868
In NYS, take the sum of your lease payments, plus any taxable amounts paid upfront (cap cost reductions, acquisition fee, etc), and multiply by the tax rate. That amount is paid upfront to the state. You can pay that amount, or roll it into the CAP cost and monthly payment.
New York is a bit peculiar--it's one of the few states that requires you to pay the entire sales tax up front, rather than as part of each monthly payment. Is that what's confusing you?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4