COLUMBUS, Ohio — MotoLease LLC is targeting nationwide expansion, but there are a few states where leasing “is not the best option” due to tax laws, Managing Partner Emre Ucer told Powersports Finance during a meeting at AIMExpo 2017.
“I don’t think we will get into those states because we don’t have the advantage compared to regular laws,” he said. “We will probably end up with 40 to 42 states all in.”
Some states require sales tax upfront in a full amount, which “defeats the purpose of leasing because you want to be taxed on the payment you make,” he said. “In some states, you are taxed on the total amount of payments, and a few states like that are challenging for leasing.”
