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      07-29-2014, 02:54 PM   #1
f30nynj
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Drives: 2017 F25 X3
Join Date: Sep 2011
Location: NY/NJ

iTrader: (1)

Lease Transfer Tax

Hey Guys,

Any of you guys who assumed someon else's lease tell me if you had to pay any taxes for registering the car in a different state?

Car leased state: NJ(Tax paid in full upfront)
Assuming Party: FL

Do you know how much % and is it charged on the monthly payment or on the current buyout price? Say sales tax in FL is 6.5%.

If any of you guys seen the monthly price go up after assuming the lease? BMW FS doesn't know and asked me to check with FL DMV. And FL DMV is asking me to come-in and talk to their tax dept or some guy. The FL DMV is not at all responsive.

Thanks
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2017 F25 X3 -> Current
2016 F10 535 -> SOLD
2014 F30 -> SOLD
2013 F30 -> SOLD
2007 E90 -> SOLD
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