05-17-2016, 06:54 PM | #1 |
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Vehicle lease tax in Texas ?
Vehicle lease tax in Texas ?
Can I roll them in the monthly payment ? Bmw said I could. But when I went to tax office, they didn't really know the answer. And I left because I didn't have all my paper work ready. |
05-17-2016, 08:08 PM | #2 |
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05-17-2016, 08:15 PM | #3 |
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Ok just making sure. I thought I had to pay eveyehting up front at tax office. But Bmw said they would be able to pay the Texas tax for me. Jsut don't know what to say at tax office
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05-17-2016, 08:16 PM | #4 |
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Why do you even talk to the tax office? I never did with my 2 leases - BMW really do take care of everything.
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05-18-2016, 10:53 PM | #5 |
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05-19-2016, 12:49 AM | #6 |
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05-19-2016, 04:19 AM | #7 |
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You will need to pay upfront. All. Unless bmw is willing to pay for them, which I highly doubt this. Pm me if you have questions. I been through this process in Texas.
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06-26-2016, 04:26 PM | #10 | |
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You can pay up front or roll them in.
Classic BMW will assume you want to roll them in, but I always pay up front. Why pay interest on taxes, especially considering that we have to pay tax on the entire price of the car, not just the depreciation. If you bring your lease from a different state, you'll have to pay the difference in taxes at registration if you want to register in TX. Here's the official rules: Quote:
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06-30-2016, 12:47 PM | #11 | |
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Quote:
One thing I thought of the other day. Or realized, would be a better way to put it. I was thinking of maybe assuming a lease of 9-12 months come this April. But then I realized that Texas would want the tax on the FMV of the car when I registered it. The whole tax. So I'd end up paying 6.5% tax on $60k plus for a 8 month lease. There went that idea. Or do I have it wrong.... |
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