I live in Maine and I’ve recently gotten in contact with a broker in Maryland. I did that because every dealership up here is 5,000” to 10,000 over MSRP! I have a question about the taxes. In Maine when we lease a vehicle or buy a vehicle we pay only the state taxes in the lease. After the buy we have 30 days to go to the DMV to pay what they call an excise tax(county tax) when you register the car. which is on the whole MSRP. Yes our lovely state makes you pay twice! I don’t mind paying The state taxes in my lease but to keep that payment under where I can afford to pay! I would prefer not to have the registration and excise tax in it. Does anybody know if you can pay the registration and excise tax upfront? And dose it go to specifically to reg and TTL or dose it go in as a down payment on the whole payment? And if you can’t pay specifically the TTL+ REG do you end up paying interest on the taxes if it’s rolled in to the payment
Excise tax will be billed separately. Source: neighbor from Massachusetts
I’m in Maine. It’s separate and you pay excise to your local town, not even the state.
And it’s every year, but it goes down each year based on the factor applied to the msrp.
I did an out of state broker deal and just swapped my existing registration to the new car and paid the difference. That’s the best way to get a break, especially if the new car costs more than the prior one.
I know you have to pay every year, I currently lease here in Maine. Maryland makes you pay everything up front when time of purchase including registration and excise tax. it would be just the first year than every year after that I would pay at time of re registration to my town hall. I just wanted to know if anyone knew If you could pay it all upfront and separately than the rest of the fees. Basically I don’t wanna put it in the lease or make it look like I put it down payment on the whole car payment, because you still have to pay intrest on whatever’s in the deal. You’re not supposed to have to pay intrest on tax unless they can’t itemize separately on the lease.
You should just delete all references to Maryland since it can just create confusion and is 100% irrelevant to your question.
What you need to tell them is that you want to register the car yourself so the excise tax and registration fees would not be going to them (which they then pass onto the third party registration company)
That being said, I’d look closer in New England. Maryland dealers don’t work with Maine folk often, but CT or MA or NH or RI dealers do.
I wish I could I have looked closer to Maine. Mass, ct and new Hampshire is just the same as Maine when it comes to MSRP but this broker I am talking to is super nice and I am just tired of looking. I have literally been doing this for a month with no luck so that’s why Maryland is my best bet! I just wanted to make I can pay reg and ttl separately than the overall!
I think you’re confusing yourself. You owe Maine taxes and that is it. Maine tax is on your monthly payment. It’s the monthly payment plus your local sales tax on that payment, and a yearly excise tax when registering the vehicle.
I know all three of the MD brokers on a former business level - they should be competent enough to have answered any sort of tax question - or work with you on how you want to format your deal.
The reason I threw in Maryland was because every state is different, like I said Maine gives you the choice to go to the dmv to pay REG and TTL but Maryland dealers pay at at time of sale so I just wanted to see if anyone has come across that issue!
Okay thank you! I just was trying to make sure!
In any case, you can tell dealer how to handle the ttl fees (which is what Maine excise tax is: extra tax)
Taxes and fees can always be paid upfront or rolled into payments. you just need to tell the dealer you will pay upfront. for example I could roll my reg fees into my monthly, which is silly because I would be paying taxes and interest on those. But people still do it.
I will do, thank you guys for everything!
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