Moving lease car to Texas

Off-Ramp
1

Hey all,

So we are (hopefully) leasing a car and shipping it to NJ, and registering it there, where my wife currently resides. But will be moving the car down to Texas in the New Year to where I currently live, in Texas.

How does it work in regards to tax on lease?

I assume if the registration is in her name, then it’s all good in regards to not dealing with the whole TX tax thing. What happens if I am on the registration as well as I currently a resident of Texas? Do we have to pay the tax on the whole car value upfront?

Thanks

2

Says 6.25% payment tax.
https://www.txdmv.gov/motorists/buying-or-selling-a-vehicle/out-of-state-and-foreign-vehicles

3

Thanks, but that isn’t for new residents. I suppose the question is if one of the residents is new and brings the vehicle, but the other “co-applicant” is a resident, is it still the 6.25%.

4

How would you move the car to TX? Are you transferring it to your name or is your wife moving to Texas?

5

That would be my expectation, particularly if we are talking a husband/wife Co applicant with one having residency on TX and the other relocating there shortly after. They’re going to see red flags all over that.

6

Yeah, exactly what I thought. Will try keep it in her name, as it will be her car anyway. Thanks!

7

Wife currently lives in NJ but moving to TX.

8

I suggest, you email DMV in the county. It looks like it is sufficiently confusing - or you can leave it all to yoir lessor, since you will be moving the lease, and they will likely know what to do.

There will be a complicated mixture of tax regimes, where NJ taxes all lease portion upfront, but TX taxes whole sales price, and I do not know how it will work out.

You also seems to be entitled to NJ sales tax refund.