04-22-2009, 01:22 PM
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CC Member
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Join Date: Nov 2008
Location: Oceanside,
Ca
Cobra Make, Engine: ...
Posts: 201
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Not Ranked
Cali Taxes Part Deux...Lease/use tax ?
Okay, interesting & probably life saving question here:
I'm planning on "leasing" the Cobra through Astra leasing (long story). Part of the monthly payments will be the California "Lease/Use Tax". About $50 per mo.
Please can someone tell me that this Lease/Use tax NEGATES me having to pay SALES tax when I register the vehicle in California.
It works out to about the same amount over the life of the loan (about $3,600). I was getting ready to pay this chunk 'o change come registration time. If I didnt have to, that would save me the inevitable flailing at the hands of my boss/wife/dungeon master.
Oh, Please,pleaseplease....
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