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Old 08-02-2017, 08:23 AM
 
Location: Central Maine
557 posts, read 762,863 times
Reputation: 385

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Trying to find out if you pay the same excise tax leasing a new car, as if you were buying it?

Seems most states don't make you do this, instead paying the tax based on the lease payments.... but I cant find anything online about Maine saying this. Almost seems like you pay the full amount.
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Old 08-02-2017, 09:13 AM
 
Location: Maine
6,199 posts, read 11,961,281 times
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Yes. There's no break for leases.
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Old 08-02-2017, 05:12 PM
 
3,926 posts, read 3,291,701 times
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But the good thing is that most of the money goes back into the town where you paid it, not some state agency. Also this is a tax that you can take off as a credit on your state income taxes because its essentially a LOCAL tax. My tax program has done this for 6 years now.
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