Reply to Tell me about leasing a car?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You have to pay personal property taxes on said car. I had no idea until the huge bill came. Also if you want to hand the car back it will costs you thousands in miles charges unless you never drive the car.

I won't lease again. [/quote]

+1 Same the yearly personal property tax in Virginia pretty much ruined the experience altogether. [/quote]

You have to pay the car tax whether you buy or lease. It’s the same amount. [/quote]

Technically, in Virginia, the dealer is responsible for paying the personal property tax on a leased vehicle since the driver in possession is essentially only borrowing property that is owned by someone else.

Most people fail to realize this buried in the fine print and unwittingly sign away this basic right. DH and I have been leasing for years and have never had to pay PP taxes in Virginia as a result. [/quote]

I’ve never heard of this before and I did a lot of research on lease vs buy few years ago. Has anyone else in Va had such success as well?[/quote]

That’s news to me too. The leasing company always sends me a bill for VA tax and I pay it. Now I feel silly. [/quote]

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