My understanding was that on a car which was previously registered (ie a loaner), tax would be due on the fair market value of the car.
Is this (still) true?
My 1st hand experience in a related situation was attempting to transfer a lease from someone, only to find out tax was due on fair market value (not just on remaining payments).
This was ~ 6 months ago.
This situation seems analogous to leasing a loaner, right?
Has anything changed since then?
A dealer is stating tax on leasing a loaner would be same as on new car
Going to email the DMV, but figured I’d see if anyone else has any info/ experience.