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Discussion Starter #1
I got a letter from Lexus saying that because I moved from NY to DC my car payments are going to increase by $40/month. They said that DC is a state that pays taxes month to month and NY is a state that takes taxes up front. So I paid all that money up front in NY and now I have to pay taxes again. Talk about being pissed off!!!
 

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My condelences, not to be shady but y dont you leaving the address of the loan in ny?
Sentinel
 

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Is that true?
I changed my address, and I am supposed to get the same payment. Well, I haven't the billing statement for this month yet. But I asked the customer service twice if the payment will be changed. They said No. So maybe you can call them. ISlover
 

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I have been living here for 2 months now so it took a while for it to go into the system and I guess increase the payment. I am just annoyed because my insurance doubled because of the high collision risk in this area, and now this. It seems I was lucky to find a company that only doubled my insurance, I got quote from 3 major insurance companies and their quotes tripled what I was paying. Paying tax on a vehicle twice sucks big time though.
 

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i recommend that you check with your local tax board. most, but not all, states have reciprocal tax agreements so that consumers are not subject to this type of double taxation.
 

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Originally posted by ISLover:
I got a letter from Lexus saying that because I moved from NY to DC my car payments are going to increase by $40/month. They said that DC is a state that pays taxes month to month and NY is a state that takes taxes up front. So I paid all that money up front in NY and now I have to pay taxes again. Talk about being pissed off!!!

New York is an upfront state for leasing of automobiles. Therefore you had to pay all the sales taxes on the payments at time of inception but you don't have to pay sales taxes on the residual since you have not exercised that option yet. You should not be subject to double taxation on those payments and in actuality should get some money back. Example: You paid 9% (not sure what NY tax rate is) on your payments (36 for instance) in New York but moved to Washington D.C. after only 8 payment cycles had past. If Washington D.C. has a sales tax rate of 7% (not sure what it really is) then the remaining 28 payments should be adjusted to that rate. The only thing I am not sure is if Washington D.C. is an upfront district or not. If it is then you should get some money back from NY for the remaining 28 payments. If it isnt then you should get all your taxes paid from NY back for the payments not yet realized. I am not 100% sure but I have dealt with this situation before and this is how it turned out. Contact the DMV's for each state to confirm.
 

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yeah this area blows, sorry to say, but get used to all of the political, DMV and tax bullsh it, because anything government regulated will try and rape you of every last penny.
on a side note, there are a fair amount of job opportunities.


Originally posted by ISLover:
I have been living here for 2 months now so it took a while for it to go into the system and I guess increase the payment. I am just annoyed because my insurance doubled because of the high collision risk in this area, and now this. It seems I was lucky to find a company that only doubled my insurance, I got quote from 3 major insurance companies and their quotes tripled what I was paying. Paying tax on a vehicle twice sucks big time though.
 
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