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Reply to "leasing vs buying"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] To a different PP, you absolutely pay Personal Property Tax on leased vehicles in VA.[/quote] Not according to the VA Dept. of Motor vehicles. If it is a personal lease, you don't. https://www.dmv.virginia.gov/vehicles/#leased.asp [quote]Some leased vehicles may qualify for Personal Property Tax Relief as provided in ยง 58.1-3523, et.seq. Vehicles leased to a person (versus a business) and used predominantly for non-business purposes may qualify for car tax relief. If you have not received car tax relief on a leased vehicle that you believe qualifies, contact your leasing company and ask them to be sure to report your vehicle to DMV. If your leasing company has reported your leased vehicle to DMV and you have not received car tax relief, contact your local Commissioner of the Revenue or Director of Finance.[/quote][/quote] You do pay personal property tax on a lease in VA, but not directly. Your finance company is paying it and it's been rolled into your monthly payment. I found this out when moving a leased car from VA to DC which made the personal prop tax disappear and my monthly payment got reduced as a result.[/quote]
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