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Sales tax on leases in California

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Old Sep 12, 2002 | 04:50 PM
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Keng1
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From: San Francisco, CA
2008 M6 Vert
Sales tax on leases in California
Hello all

I was just wondering if anyone knew how the sales tax on leases are calculated in california. In NY the tax is calculated based on the total lease payments while in NJ it is calculated based on the capital reduction of the car (i.e. sale price less residual amount).

Thanks in advance.
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Old Sep 13, 2002 | 09:00 PM
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KevinV
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2003 CLK430 Cabriolet
Sales tax is calculated on the amount you put down and then you pay the sales tax every month on the monthly payment amount.
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