Example Of A Good Car Lease Agreement

Example 1: You decide to pay in advance the amount of your turnover tax on the lease from the examples above. The selling price of the car is $25,000. The tax rate is 6.25%. This means that the overall tax on the vehicle`s turnover is $25,000 x 0.0625 = $1,562.50. This would be the amount of tax paid when signing the lease. How you pay your TAX depends on the state in which you decide to register your rented vehicle. Most states offer a tax advantage for leasing by waiving the normal turnover tax you would pay for a new car.. . .