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Sales Tax on Lease payment

Discussion in 'Model Y' started by burn1010, Feb 28, 2021.

  1. burn1010

    burn1010 Member

    Joined:
    May 26, 2020
    Messages:
    40
    Location:
    NY
    Is there any way to roll the sales tax into the payment or must it be paid upfront in its entirety?

    The online configurator makes no mention of sales tax, even in the “due at signing” language. I’m assuming the lease quote does not include sales tax bc it does not ask what state you are in.

    TIA!
     
  2. Toytruckmike

    Toytruckmike New Member

    Joined:
    Aug 9, 2019
    Messages:
    1
    Location:
    Texas
    Sales tax rules are determined in the state where you live. Read the lease tax rules for your state. Texas requires upfront, while California does it monthly I believe.
     
  3. hakunamattata

    hakunamattata Member

    Joined:
    May 28, 2020
    Messages:
    137
    Location:
    New Jersey
    That is correct the lease calculator does not factor state sales tax in its calculation, it is calculated when apply for the lease. I believe in NY you can either pay the sales tax on lease amount upfront or roll it into the lease. I think it is factored into the down payment amount, you can always adjust the down payment when applying for the lease. I usually use CALCULATOR | LEASEHACKR to calculate the payments. I am not sure what the money factor and residual values are these days on Model Y
     

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