Hey! I see you! Please take two seconds to sign up! We'd love to have you as a member of our Kia Stinger club. You have nothing to lose and so much to gain... :)

Want to lease then Buyout in NC

Discussion in 'How to Buy a Kia Stinger' started by Ruturaj, Jul 17, 2018.

  1. Ruturaj

    Ruturaj United States Active Member

    121
    18
    18
    I am currently living in NY and moving to NC next month. As per some reading, NY charges tax upfront on lease payments and if I opt out I have to pay that as KMF as paid that already for me plus I would need to pay tax on the buyout amount. How's the situation with NC?
     
  2. TurboDiesel

    TurboDiesel United States New Member

    1
    0
    1
    I'm looking for more info on NC if anyone has it as well.
     
  3. Ruturaj

    Ruturaj United States Active Member

    121
    18
    18
    One thing I found out is no one is offering Ballon financing in NC.
     
  4. Ruturaj

    Ruturaj United States Active Member

    121
    18
    18
    Update: From city data, I found out the 3% HUT tax (highway use tax, similar to sales tax) is charged monthly on the lease on just lease payment. And on the buyout, 3% on buyout amount. Haven't been able to find out about property taxes though.
     
Draft saved Draft deleted

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.