cossie1600
Well-known member
- Joined
- Aug 22, 2013
- Messages
- 243
You don't pay sales tax twice
Acevolt said:In looking to sell a leased car, I was looking at the TFS website and it shows that I can buy my car for $30,664 after 11 months of ownership. I wonder if this is accurate? This seems like a way to buy the car and get all the Toyota and Federal incentives soon after purchase. Will sales tax then be added to this price?
The tax will be paid in CA at acquisition, then NY may want sales tax on the used car purchase.cossie1600 said:You don't pay sales tax twice
In California an item can't be subject to both sales tax and use tax, only one or the other. If use tax is paid then there is no obligation to pay sales tax and vice versa. Also, in California you pay use tax to the state as the person who puts the item into service whereas sales tax is collected by the selling entity. So when Toyota is charging sales/use tax, that is seen by the BOE as a sales tax. Use tax is paid when you file your personal income taxes at the end of the year, or with your BOE filings directly if you happen to have a seller's permit.TonyWilliams said:Acevolt said:In looking to sell a leased car, I was looking at the TFS website and it shows that I can buy my car for $30,664 after 11 months of ownership. I wonder if this is accurate? This seems like a way to buy the car and get all the Toyota and Federal incentives soon after purchase. Will sales tax then be added to this price?
Of course it will have sales tax. You are only paying a monthly "use" tax with the lease.
DevinL said:TonyWilliams said:Acevolt said:In looking to sell a leased car, I was looking at the TFS website and it shows that I can buy my car for $30,664 after 11 months of ownership. I wonder if this is accurate? This seems like a way to buy the car and get all the Toyota and Federal incentives soon after purchase. Will sales tax then be added to this price?
Of course it will have sales tax. You are only paying a monthly "use" tax with the lease.
When you buy out your car from TFS at the end of the term, you have already paid sales tax during the lease so you're only liable for sales tax on the residual/buyout.
Graphicsgirl said:We are not sure what charger to get because we are in this home temporarily. It seems we should go with the Jesla. But still looking for a cheaper option.
Kohler Controller said:I thought you had to have a CA address to lease one of these. No complications leasing to an out-of-stater?
Just get a normal system to feed the grid.Graphicsgirl said:Thank you for the information. We bought used so no benefits but only 5,800 miles on it. Cost was about 30k.
My crazy husband thinks he can use solar panels to charge batteries in the garage to supplement the wall charging:
Solar Panel -> Batteries -> inverter -> plug to car
Should I tell him he's nuts?
Yes, he's crazy. Until there are devices that can do straight DC to DC charging, it's not worth it for charging the car. Like someone else said, if you put the value on having power during a utility outage, you can justify the cost of the batteries and inverters. However, it's still cheaper and easier to buy small UPS units and a standby generator for that case.Graphicsgirl said:Thank you for the information. We bought used so no benefits but only 5,800 miles on it. Cost was about 30k.
My crazy husband thinks he can use solar panels to charge batteries in the garage to supplement the wall charging:
Solar Panel -> Batteries -> inverter -> plug to car
Should I tell him he's nuts?
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