Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

Sales Tax on an out of state Lease into Texas

ginstwin

Member
Mar 27, 2013
41
20
Dallas,Tx
I am thinking of taking over the lease of a used Model S from out of state.

Does anyone know how the sales tax on the remaining lease (2 years) is calculated in Texas.

Thanks
 

ginstwin

Member
Mar 27, 2013
41
20
Dallas,Tx
I have had some got input on a Tesla Facebook group. Basically sales tax would be due on the remaining payments PLUS tax on the residual. If I bought the vehicle at maturity of the lease there isnt a double taxation on the residual amount.

So basically the same as if I would lease a car in Texas. Tax is due on the value of the car at the time of purchase.
 

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


SUPPORT TMC
Top