How is the sales tax paid when you lease a vehicle?
| 27 Feb 2014 | 08:56
Roger Ricciardelli
The sales tax is calculated in the monthly payment.
For example: In the state of NJ the sales tax rate is 7%. If the monthly payment is $300.00 per month the total payment is $321.00. Most dealers quote a payment including the tax. However consumer beware and ask the question.
Roger Ricciardelli , President and CEO of AUTOMAGICIAN LLC has brought over 24 years experience in the automotive industry having held key sales, sales management , and executive positions in the sales & marketing of domestic & imported automobiles.
Ask Roger Ricciardelli a Question: automagician@gmail.com