Quote:
Originally Posted by limeypride
At that MSRP, I think you can do a little better. Does the lease payment include usage tax?
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I looked up the sales tax rules on car leases in South Carolina.
It's the same as car purchases.
The tax rate is 5% on the total purchase price (in case of buying) or on the total of the lease payments (if leasing), or $300 whichever is lowest.
So there is a hard cap at $300 total sales tax on any car purchase or lease over 90 days in SC.
On a lease, I believe this means they add 5% to your lease payments for the first few months until the amount of cumulative tax paid hits $300, and then the payments are untaxed after that.