Rhode Island Excise Taxes for Leasing

Hi everyone,

Any RI registered hackers here who can clarify the following:

  1. Do you get a separate excise bill from the city? Or is it paid by the dealer/baked into the monthly quote?

  2. Are you only charged for the (Cap Cost - Residual Value) or the Cap. Cost/NADA book value?

  3. Is Ford the only firm that includes the excise cost in the monthly quote @ $12/1000?

I want to lease a car this weekend but an additional 6% for 3 years amounts to 18%!!! Any ideas on how I register my car in Providence and yet beat this fee?

Cap cost - residual

  • finance charge

That’s not how math works…

Separate bill for excise tax.