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      05-17-2016, 06:54 PM   #1
djpeetur
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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.
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      05-17-2016, 08:08 PM   #2
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Originally Posted by djpeetur View Post
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.
Yes - yes you can.
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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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Originally Posted by djpeetur View Post
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
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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Why do you even talk to the tax office? I never did with my 2 leases - BMW really do take care of everything.
i assumed a lease from someone on the forum.
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      05-19-2016, 12:49 AM   #6
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Originally Posted by djpeetur View Post
i assumed a lease from someone on the forum.
Ah - ok - that's different. Ideally BMW will take care of it for you, but I've not been through that scenario.
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      05-19-2016, 04:19 AM   #7
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Quote:
Originally Posted by djpeetur
Quote:
Originally Posted by dinonz View Post
Why do you even talk to the tax office? I never did with my 2 leases - BMW really do take care of everything.
i assumed a lease from someone on the forum.
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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      06-02-2016, 09:08 PM   #8
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Did you bring the lease from a different state? I am curious how much you had to end up paying.
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      06-04-2016, 05:37 AM   #9
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I paid my taxes up front all $4400
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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:
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When a vehicle is leased in another state and the lessee brings it to Texas for public highway use, the lessee (as the operator) owes motor vehicle use tax based on the price the lessor paid for the vehicle. The standard tax rate is 6 1/4%. Credit will be given for any tax the lessor or the lessee paid to another state. See motor vehicle sales tax rule 3.70 for additional information.
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Last edited by aitsu; 07-01-2016 at 06:54 PM..
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      06-30-2016, 12:47 PM   #11
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Quote:
Originally Posted by dharo1
Quote:
Originally Posted by djpeetur
Quote:
Originally Posted by dinonz View Post
Why do you even talk to the tax office? I never did with my 2 leases - BMW really do take care of everything.
i assumed a lease from someone on the forum.
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.
This is my understanding as well.

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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      07-01-2016, 09:47 AM   #12
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You pay taxes on the current value of the cAr.
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      07-05-2016, 02:55 PM   #13
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You pay taxes on the current value of the cAr.
Yeah, that's what I thought. Thanks.
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      07-05-2016, 06:14 PM   #14
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yea sucks. but i plan to keep my car
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