09-11-2014, 09:08 AM | #1 |
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MSDs and Sales Tax
Sorry for flooding this forum with lease questions. Just trying to understand all the moving parts.
Question 1: Assuming you put down max MSDs, the MF decreases and in-turn the rent charge also decreases. Since you pay sales tax on the total rent charge, does putting MSDs down also decrease the sales tax you pay? Question 2: If I currently lease a car, and trade it to the dealer assuming the trade price is exactly the lease payoff, does anyone know if I get the trade-in sales tax benefit on the new leased car? Example - I traded a car I owned outright when we purchased my wife's current car. Because I did so, there was no sales tax added to our lease payment because the trade value exceeded the total lease fee. Has anyone run into this scenario trading out of a current lease? Thanks again for any help. |
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