Hello Sunshine state folks!
Do any of you guys know what is the tax hit by assuming lease from a guy in a different state?
Car leased state: NJ
Assuming Party: FL
I was told that the assuming party have to pay tax to DMV in FL when they go to register it. Do you know how much % and is it charged on the monthly payment or on the current buyout price?
Thanks
Do any of you guys know what is the tax hit by assuming lease from a guy in a different state?
Car leased state: NJ
Assuming Party: FL
I was told that the assuming party have to pay tax to DMV in FL when they go to register it. Do you know how much % and is it charged on the monthly payment or on the current buyout price?
Thanks
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