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Sales Tax on an out of state Lease into Texas

Discussion in 'Model S: Ordering, Production, Delivery' started by ginstwin, Mar 24, 2017.

  1. ginstwin

    ginstwin Member

    Joined:
    Mar 27, 2013
    Messages:
    35
    Location:
    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
     
  2. Kcharwood

    Kcharwood Member

    Joined:
    Oct 22, 2016
    Messages:
    204
    Location:
    Austin, TX
    I'm interested in hearing the answer to this too
     
  3. ginstwin

    ginstwin Member

    Joined:
    Mar 27, 2013
    Messages:
    35
    Location:
    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.
     

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