Lease Transfer NJ Tax Question


Can someone please help me answer this question regarding taxes, I am confused on the monthly payment in regards to the tax. I know NJ requires taxes to be paid on the lease term which the dealers normally do for you. What happens if you swap a lease with the NJ taxes due? Thanks!

  1. Lease transfer from NJ to NJ.
  2. Lease transfer from out of state to NJ.

From what I’ve seen on the forums, 1 would not be taxed again. 2 would be taxed.


When we tranfered Lexus from NY (8.625%) to NJ (7%) Lexus Finance told us that the new leasee will have smaller payments due to Tax difference. No clue how it works.

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