{"id":243462,"date":"2024-04-19T10:05:11","date_gmt":"2024-04-19T10:05:11","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=243462"},"modified":"2024-04-19T10:05:11","modified_gmt":"2024-04-19T10:05:11","slug":"do-you-pay-sales-tax-when-buying-out-a-lease","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/do-you-pay-sales-tax-when-buying-out-a-lease\/","title":{"rendered":"Do you pay sales tax when buying out a lease?"},"content":{"rendered":"

When you buy out a lease, you are essentially purchasing the leased vehicle from the leasing company. In most cases, you will be required to pay sales tax on the buyout amount.<\/p>\n

**Yes, you do pay sales tax when buying out a lease.**<\/p>\n

When you originally signed the lease agreement, you only paid sales tax on the portion of the vehicle’s value that you used during the lease term. When you buy out the lease, you are purchasing the remaining value of the vehicle, which is subject to sales tax.<\/p>\n

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