M5POST - BMW M5 Forum - F90 - View Single Post - So, today I learned on a lease transfer...

trev230 · 07-17-2019, 12:59 PM

Some states collect the taxes upfront, others monthly. My state (NC) rolls the taxes into the payment. When you assume the lease you don't assume the itemized tax portion of the previous lessee's payment, only the principal and interest.

07-17-2019, 12:59 PM	#2
trev230 Captain 351 Rep 604 Posts Drives: 2022 M5C Join Date: Sep 2013 Location: Charlotte, NC iTrader: (0)	Some states collect the taxes upfront, others monthly. My state (NC) rolls the taxes into the payment. When you assume the lease you don't assume the itemized tax portion of the previous lessee's payment, only the principal and interest.
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