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re: Auto lease ending - sell, trade, or turn in

Posted on 3/26/16 at 9:00 am to
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/26/16 at 9:00 am to
quote:

If spending a huge chunk of a paycheck on a rental car is the thing then go for it. I'd rather spend the $400 on something else.


What if $400 isn't a large chunk of one's paycheck, is it ok then?
Posted by BobDobalina
Louisiana
Member since Jul 2013
221 posts
Posted on 3/26/16 at 9:35 am to
Make sure to wrap up this transaction before the end of March.. starting April 1st the new tax structure for leasing cars in La begins.. They will now tax you on the price of the car at the time of purchase(4% state tax) and also continue on taxing the monthly payment.. so april 1st a $30k car cost $1,200 more
Posted by torrey225
Member since Mar 2015
1437 posts
Posted on 3/28/16 at 9:52 am to
quote:

Make sure to wrap up this transaction before the end of March.. starting April 1st the new tax structure for leasing cars in La begins.. They will now tax you on the price of the car at the time of purchase(4% state tax) and also continue on taxing the monthly payment.. so april 1st a $30k car cost $1,200 more


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