Sales Tax exempt and Leases
06-26-2006, 05:10 PM
#1
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2008 S550 4MATIC
Sales Tax exempt and Leases
The Oklahoma legislature passed a new law which gives certain disabled veterans exemption from sales taxes and excise tax for vehicles. I am in the process of leasing a new S550. Does this mean I will pay no taxes as part of the lease?
(Clueless)
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06-26-2006, 05:48 PM
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2008 S550 4MATIC
No, actually, this is different. This law has been in place for almost a year now, and affects only 100% service-connected veterans. We are given a sales tax exempt card, and don't have to pay excise tax every three years.
My question is how will this affect my lease payment? The payment, to my understanding, is in 2 parts, depreciation and sales tax. Can you give an example?
My question is how will this affect my lease payment? The payment, to my understanding, is in 2 parts, depreciation and sales tax. Can you give an example?
