Quote:
Originally Posted by Bill Kayen
NY does not require taxes paid up front. The smartest way to lease is to structure a sign and drive lease with no money down, tax in the monthly payment and coming in at delivery with just first month charge and DMV fees.
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The taxes are paid up front, they may roll them into your payments as part of the loan, but NY gets their money up front.
The total sales tax due must be paid by and collected from the lessee on the date the first lease payment is due or the date the vehicle is registered with the New York State Department of Motor Vehicles (DMV), whichever is earlier. PUB 893