silverpanda
Member
- Joined
- Mar 21, 2015
- Messages
- 12
Hi All,
I'm currently negotiating a lease with rebates and incentives. The dealer claims I need to pay around $1,000 in taxes for those rebates and incentives (around $11,000) at signing. In CT, I never heard this before for a lease, we pay taxes on the monthly payment. I didn't pay such taxes on my first i3 which also had $5,500 tax incentive back to BMW Financial. Has anyone experienced this?
I get having to pay taxes on incentives and rebates on a purchase, but since you are not owning the car in a lease, shouldn't you pay taxes only on the portion of the value you are using?
Thank you in advance for your feedback.
I'm currently negotiating a lease with rebates and incentives. The dealer claims I need to pay around $1,000 in taxes for those rebates and incentives (around $11,000) at signing. In CT, I never heard this before for a lease, we pay taxes on the monthly payment. I didn't pay such taxes on my first i3 which also had $5,500 tax incentive back to BMW Financial. Has anyone experienced this?
I get having to pay taxes on incentives and rebates on a purchase, but since you are not owning the car in a lease, shouldn't you pay taxes only on the portion of the value you are using?
Thank you in advance for your feedback.