Tag: New Jersey Taxes On Cars Leased Out Of State

One of the most appealing forms of financing a new vehicle for cost-effective is via car leasing. A very convenient, cost-effective, and many people method that permits you to drive better cars with novel features. As a matter of fact, more and more businesses and individuals in New Jersey are opting to lease vehicles every year. With the increment in the number of drivers who lease rather than buying their cars comes with serious implications that most residents of New Jersey ought to be aware of before sealing any auto lease deal in NJ.

Aside from having to deal with some fraudulent and deceptive auto leasing companies, one bone of contention with car leasing is that you have to pay a car lease tax, even without obtaining a car lease in New Jersey. This new form of tax is dubbed as the “use tax.”