Sales Tax on New Vehicles

[kcjenkins]

I don't know what state you are in, but I do know that here in AR, the dealership first sells the car to the leasing company, the car is titled to the leasing company. then the lease is signed and the leasee then gets the keys. The leasing company holds the title, during the lease period. The dealership handing the keys over is acting FOR THE LEASING COMPANY,at that point.

[Jack from Ohio]

<<<pops another bag of popcorn, gets some more ice for my root beer, and settles in...>>>

When experienced and knowledgeable tax preparers debate an issue, I ALWAYS learn...

[Chowdahead]

I don't know what state you are in, but I do know that here in AR, the dealership first sells the car to the leasing company, the car is titled to the leasing company. then the lease is signed and the leasee then gets the keys. The leasing company holds the title, during the lease period. The dealership handing the keys over is acting FOR THE LEASING COMPANY,at that point.

I would concur the same in RI. All 3 of my leased vehicles have had the leasing company's name on the vehicle registration and title. My name was nowhere to be found.