BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Go Back   BMW M3 and BMW M4 Forum > BMW F80 M3 / F82 M4 Forum > Regional Forums > USA - California

Post Reply
 
Thread Tools Search this Thread
      05-09-2015, 09:36 PM   #1
h335i
Enlisted Member
9
Rep
36
Posts

Drives: 2013 e92 M3
Join Date: Jan 2014
Location: Los Angeles

iTrader: (0)

Tax implications from NY lease assumption to CA

Hey guys.

How does tax on leases work in NY vs in CA? I'm thinking about assuming a NY lease for an F80 but curious how to understand if tax is in the payment or not and what I would actually pay here in CA with tax vs NY.

Thanks in advance.
Appreciate 0
      05-10-2015, 01:38 AM   #2
Cameronc08
First Lieutenant
Cameronc08's Avatar
362
Rep
368
Posts

Drives: 997.1 Turbo/F82 M4/'06 Saleen
Join Date: Jun 2012
Location: Sherman Oaks, CA

iTrader: (0)

Quote:
Originally Posted by h335i View Post
Hey guys.

How does tax on leases work in NY vs in CA? I'm thinking about assuming a NY lease for an F80 but curious how to understand if tax is in the payment or not and what I would actually pay here in CA with tax vs NY.

Thanks in advance.

I took over an e92 lease from Texas a few years back. Even though in Texas he had to pay all the tax up front, When I took the lease over i still needed to pay California tax on each month. So the actual payment went up approx 50 dollars/month from what I assumed it was going to be.
Appreciate 0
      05-11-2015, 05:23 PM   #3
AutoTalent
Lieutenant General
AutoTalent's Avatar
2301
Rep
12,654
Posts

Drives: e92 M3 6mt | e60 M5 6mt
Join Date: Jul 2007
Location: Los Angeles

iTrader: (11)

Quote:
Originally Posted by Cameronc08 View Post
I took over an e92 lease from Texas a few years back. Even though in Texas he had to pay all the tax up front, When I took the lease over i still needed to pay California tax on each month. So the actual payment went up approx 50 dollars/month from what I assumed it was going to be.
+1. I had this issue a few years back. You will need to pay your county tax on the base payment.
Appreciate 0
      05-11-2015, 05:59 PM   #4
EdgeCrusher
Private First Class
44
Rep
170
Posts

Drives: M3
Join Date: Dec 2012
Location: Bay Area

iTrader: (0)

^ what he said....
Appreciate 0
      07-02-2015, 11:41 PM   #5
BEMR
Colonel
BEMR's Avatar
United_States
978
Rep
2,701
Posts

Drives: 15 M4
Join Date: Oct 2014
Location: Murrieta, CA (Home of Ricky Fowler)

iTrader: (0)

Lease assumption senseless by the way.
__________________
Got It: F82 2015 M4 Alpine White / Silverstone

With integrity nothing else matters, without integrity nothing else matters.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 05:28 AM.




f80post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST