Does BMWFS and CO require lease sales tax to be prepaid?

steve0617 · 07-05-2011, 03:51 PM

Looks like I'm getting a new 335i xDrive out of St. Louis. Dealer there is getting info from their third party license/title company they're using (ironically located here in Englewood) that CO requires the entire lease's sales tax to be prepaid at the time of signing rather than simply added to the monthly lease payment.

Is that true? DMV in Highlands Ranch didn't know.

richpike · 07-06-2011, 08:06 AM

Not sure on BMWFS, but when I leased my Infiniti it didn't require that. And I can't imagine BMWFS makes a difference. Perhaps things have changed since 2004?

-Rich

steve0617 · 07-06-2011, 08:16 AM

Quote:

Originally Posted by richpike

Not sure on BMWFS, but when I leased my Infiniti it didn't require that. And I can't imagine BMWFS makes a difference. Perhaps things have changed since 2004?

-Rich

As best I can tell, because this dealer in St. Louis doesn't have a tax specifically for the state of CO, they want all their sales tax upfront. Don't know why that would matter as it's not the dealer, but that appears to be what's going on.

Did you lease your Infiniti from a CO dealer?

Thanks

richpike · 07-06-2011, 08:21 AM

Quote:

Originally Posted by steve0617

As best I can tell, because this dealer in St. Louis doesn't have a tax specifically for the state of CO, they want all their sales tax upfront. Don't know why that would matter as it's not the dealer, but that appears to be what's going on.

Did you lease your Infiniti from a CO dealer?

Thanks

I did, from Red Noland. Sales tax shouldn't matter to the dealer, and all financial services (BMW, Infiniti, etc) are nation wide, so I can't imagine there is anything state specific. Have you called BMWFS directly?

Good luck.
Rich

steve0617 · 07-06-2011, 08:25 AM

Quote:

Originally Posted by richpike

I did, from Red Noland. Sales tax shouldn't matter to the dealer, and all financial services (BMW, Infiniti, etc) are nation wide, so I can't imagine there is anything state specific. Have you called BMWFS directly?

Good luck.
Rich

Have you called BMWFS directly?

That's next. Was googling over the weekend and decided to post this first. Going to call today.

07-05-2011, 03:51 PM	#1
steve0617 Enlisted Member 1 Rep 34 Posts Drives: 2011 335i Xdrive Join Date: Feb 2008 Location: Littleton CO iTrader: (0)	Does BMWFS and CO require lease sales tax to be prepaid? Looks like I'm getting a new 335i xDrive out of St. Louis. Dealer there is getting info from their third party license/title company they're using (ironically located here in Englewood) that CO requires the entire lease's sales tax to be prepaid at the time of signing rather than simply added to the monthly lease payment. Is that true? DMV in Highlands Ranch didn't know.
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07-06-2011, 08:06 AM	#2
richpike Captain 29 Rep 713 Posts Drives: MDX, LR4 Join Date: Oct 2008 Location: CO - 6500ft ASL iTrader: (1)	Not sure on BMWFS, but when I leased my Infiniti it didn't require that. And I can't imagine BMWFS makes a difference. Perhaps things have changed since 2004? -Rich
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