Leasing across state boundaries?

[DAldridge]

Does anybody have experience with *leasing* a vehicle where the state of origin (selling dealership) is different than the state of registration/destination?

I'm trying to finish up a lease with Pat O'Brien Chevrolet in Ohio, but apparently their finance guy isn't getting any good answers from U.S. Bank. The assumption is that the lease should have the tax rate from my home state (TX) built in to it, and that it's the lessor's (U.S. Bank) responsibility to send the tax to TX instead of OH. (In other words, not my personal burden to do so).

Any information folks could provide would be welcome - especially if you're a TX resident!

Cheers,
David

[davedave2008]

what price did you get?

and no, i wondered the same question..

i wanted to get that $330ish lease special, since none of the dealers in my state are trying to make a deal.. they still want $500+ for lease

[eplantz]

I leased, via US Bank, from a texas dealer (Austin) and drove it home to Illinois. No heartburn. The dealer has to pay Illinois the taxes. US Bank obviously knew all this and had no issues.

Fact of the matter is the dealer underestimated the taxes owed by $500 and US Bank paid it and billed me 3 months later.

[DAldridge]

Is Illinois an "up front" lease tax state (Texas is). The finance guy in OH got a different answer from U.S. Bank than I did when I called them directly, with the guy I talked to saying that U.S. Bank doesn't pay the taxes (in which case I don't see how they can possibly be rolled in to the monthly payments).

I leased, via US Bank, from a texas dealer (Austin) and drove it home to Illinois. No heartburn. The dealer has to pay Illinois the taxes. US Bank obviously knew all this and had no issues.

Fact of the matter is the dealer underestimated the taxes owed by $500 and US Bank paid it and billed me 3 months later.

[bonaire]

Near Ohio, but in NY state (just north of Buffalo) is Paddock Chevrolet - they have 11 in stock and their web site is showing the $289/month lease option. I think the small print states you have to have 800+ fico score on the Trans Union credit report. I may stop in there this weekend. www.paddockchevrolet.com

[eplantz]

Is Illinois an "up front" lease tax state (Texas is).

not sure what this means. Illinois requires the tax be paid at the time of lease signing. The dealer took care of all the paperwork and made the payment to Illinois and also paid for registration and license plates.


Since calculating taxes in Illinois is difficult due to county and local taxes, they underestimated. I did not know this for several months when US Bank billed me. Apparently, they paid the missing tax and billed me but said there would be no later payment penalty which meant I didn't have to pay it all at once. I actually paid them over 3 months.

[ctdeng0]

I am from NY and bought my first Volt from Criswell in Maryland. I leased the vehicle and US Bank had no clue how to handle the taxes. I had to get the documents from the NY state website and send it to Criswell and they had to argue with US bank. As far as I know a lease should be done the same as if you bought it from an in state dealer.

[bang]

I leased (US Bank) from Pat O'Brien and drove it back to Wisconsin last Monday. They seemed to have all the tax stuff worked out. In Wisconsin, you pay the taxes on each individual lease payment. I have no experience with leases in other states, but it all seemed normal to me. Maybe US Bank knew how to handle the taxes better as their address on the documentation is in Wisconsin.

The thing the finance guy seemed less sure of was the license plate. They outsourced it to a third party who was supposed to contact me, but hasn't yet--I'll be following up soon. I currently have a Ohio temp tag that is good through the end of the month.

The hassle of dealing out of state and driving it back was worth it for the price, however. We don't have many Volts on lots in Wisconsin and no one was willing to do better than $1,000 of MSRP.

[eplantz]

Is Illinois an "up front" lease tax state (Texas is).

or do you mean did i have to come up with the cash for the taxes?? in my case, i paid nothing out of pocket…. US Bank had a $2000 rebate at the time and that paid first month and security deposit and other fees. so, i guess you can say the taxes were rolled into the lease.

[davedave2008]

if you lease out of state, where do you RETURN the car to?

and how much is the deposition fee?