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re: sales tax on a leased car

Posted on 6/17/15 at 8:57 am to
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 6/17/15 at 8:57 am to
quote:

My question now is does she owe any taxes if she decided to trade In the lease, or is it like trading in a purchased vehicle?


No. A lease is a purchased vehicle...its simply another way to pay for a vehicle. You trade in like normal.
Posted by 632627
LA
Member since Dec 2011
12870 posts
Posted on 6/17/15 at 11:14 am to
quote:

No. A lease is a purchased vehicle...its simply another way to pay for a vehicle. You trade in like normal.



correct.
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