N.Y.'s Vicarious Liability Costly for Consumers and Auto Dealers
Features • July 19, 2004
New York's so-called vicarious liability law affecting car leasing firms costs consumers more than $130 million a year and has led to a 36 percent decline in the number of vehicles leased in New ...
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Subject: RE: Leased vehicles
Posted On: March 16, 2005, 1:35 pm CST
Posted By: Vladimir
Comment:
Our NY government is a bunch of liars and ****ing criminals. They are rubbing people of their hard earned money covering themselves by that stupid law. It is complete rip-off. Why should I pay state taxes from the full car cost? Example, you are leasing Cady STS trough GMAC for 27 month. The monthly payment is 450, so in 27 month you will pay almost 13000. Before, this amount was getting taxed, which is fine. But now they are giving you a bill of sale for 65000 and the title. Now you have to pay taxes from 65000!!!!!!!!!! But do not forget that car still not yours, you have to return it back in 27 month. So the government knows that the car was not bought (and it does not belongs to you) for 65000 and taxing you anyway. It is government-subsidized fraud!!!!!!
Subject: RE: Leased vehicles