My mother in law is leasing a Lexus; the car is registered in CA. Her monthly lease payment went up a couple of dollars this month. What is the reason that her monthly payment increased by this amount? I saw that the sales tax rate in her area increase a half percent recently…is that the reason for the increase in her monthly lease payment? No late fees or anything like that are on her account.
Yes. Payments can go down too if prevailing sales tax rates go down.
This. Taxes and up 3/4% effective April I believe, in few cities, 1/2% in most.
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You should get a bill that explains it - although I am betting it’s an increase in the sales and use tax… My lease went down in the middle of the lease when I moved to a state without sales taxes.
Why not just do the math and see if it matches? Or call the lessor? All anyone on the internet can offer you is a guess.
It usually tells you the tax amount on your statement, base payment plus tax