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Are you sure about that?
Posted by gatorcpa [Email] (more from gatorcpa) on Wed, 7 May 2003 08:30:36
In Reply to: lawsuits..., chris74, Tue, 6 May 2003 19:43:34
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I don't know much about NY, but can tell you that conventional auto leases are almost non-existant in Texas because of the tax laws there.
Texas levies a personal property tax based on the value of the auto each year to the "owner" of the vehicle. This is lieu of the tag fee based on weight we have in Florida.
In the case of a lease, this would be paid by the leasing co., not the lessee. Therefore, the leasing companies pass the buck by structuring the transaction as a purchase with balloon payment, rather than a lease. This makes the tax the purchaser's responsibility. Go see the Saab Financial Service web site. They do a good job of explaining the Texas "lease".
Are you sure that NY doesn't have laws similar to Texas? Before we condemn the lawyers, we should know all the facts.
gatorcpa
'03 9-3 convertible
posted by 167.219....
Posts in this Thread:
- Why are lease promotions not available in NY?, Gary, Tue, 6 May 2003 14:27:45
- Proof that trial lawyers ARE in fact scum >, ChipJ, Thu, 8 May 2003 10:37:43
- so are "balloon payment"-type leases available in NY?, Jason 0W-40, Tue, 6 May 2003 20:06:10
- lawsuits..., chris74, Tue, 6 May 2003 19:43:34
- Re: Why are lease promotions not available in NY?, Jason 0W-40, Tue, 6 May 2003 14:32:45
- Correct. Financing is now a short term loan with a, andy , Tue, 6 May 2003 15:51:32
- Re: Correct. Financing is now a short term loan with a, JoeyAbs, Wed, 7 May 2003 04:27:28
- WRONG. Juries don't just show up and make big awards, andy , Wed, 7 May 2003 05:44:16
- Um... I'm no politico, but, Nervousaaber, Wed, 7 May 2003 11:33:18
- The problem is a very old law dating from Rome and, terraplanem, Wed, 7 May 2003 08:47:07
- Your answer is better written than mine! n/m, ChipJ, Wed, 7 May 2003 06:44:19
- Wrong. Trial lawyers ARE politicians in MANY cases >, ChipJ, Wed, 7 May 2003 05:26:38
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