Massachusetts has released Department of Revenue Directive 2004-3 describing in detail the taxability of multiple types of transactions commonly associated with the leasing of motor vehicles. Transactions discussed include cash down payments, vehicle trade-ins, charges for optional extended warranty/service contracts and roadside assistance contracts, effects of separately stating charges, legal and other expenses incurred by a lessor in connection with repossessing a vehicle, and reporting of lease payments on an accrual rather than a cash basis. (Department of Revenue Directive 2004-3, May 5, 2004.)