Quote:
Originally Posted by RigaTony1982
Each state is different on the taxes. In certain states, he would be responsible for the sales tax because the portion he paid via the lease is only for the "leased" portion. As a result, he'd have to pay taxes on the buyout portion.
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That is correct. In Washington he has to pay sales tax on the buyout amount. He will also need to pay registration fees for the tabs.