2010-2014 Mustang Information on The S197 {GenII}

Hope my 2011 CS arrives before June 1

Thread Tools
 
Search this Thread
 
Old May 18, 2010 | 10:05 PM
  #1  
desertMustang's Avatar
Thread Starter
V6 Member
 
Joined: April 3, 2010
Posts: 74
Likes: 0
Hope my 2011 CS arrives before June 1

Looks like Prop 100 is going to pass in Arizona tonight. It's a 1 cent sales tax increase. On the surface it doesn't sound like alot, but essentially our sales tax is going up by 18% starting June 1 (going from 5.6% to 6.6%). Add in city sales tax and we're at 9.1%.

So, for a $33,000 car this proposition is going to make the total cost go up by $330. If the $500 rebate goes away then I'm looking at a $830 increase.

Last edited by desertMustang; May 18, 2010 at 10:09 PM.
Reply
Old May 19, 2010 | 12:01 AM
  #2  
wannabe's Avatar
Legacy TMS Member
 
Joined: March 7, 2010
Posts: 993
Likes: 2
From: Texas
Originally Posted by desertMustang
Looks like Prop 100 is going to pass in Arizona tonight. It's a 1 cent sales tax increase. On the surface it doesn't sound like alot, but essentially our sales tax is going up by 18% starting June 1 (going from 5.6% to 6.6%). Add in city sales tax and we're at 9.1%.

So, for a $33,000 car this proposition is going to make the total cost go up by $330. If the $500 rebate goes away then I'm looking at a $830 increase.
Do they charge the city/county tax on vehicles there? In Texas they only charge the 'state portion', which is 6.25%. No county/city etc. Otherwise, nobody would buy a car in San Antonio or Houston or Dallas... they'd all go to rural dealers with lower tax rates.
Reply
Old May 19, 2010 | 12:08 AM
  #3  
Adam's Avatar
Cobra R Member
 
Joined: March 12, 2004
Posts: 1,560
Likes: 0
From: Orange County, CA
I paid 9% tax in California.
Reply
Old May 19, 2010 | 04:50 AM
  #4  
magnatic's Avatar
V6 Member
 
Joined: February 1, 2010
Posts: 82
Likes: 0
From: Niagara, Ontario
In Ontario we pay 8% provincial tax and another 5% federal tax. Keep in mind that the cars are also a lot more expensive here than in the US.
Reply
Old May 19, 2010 | 05:41 AM
  #5  
corvettedreamin's Avatar
Cobra R Member
 
Joined: April 3, 2010
Posts: 1,814
Likes: 0
From: Northern VA
Holy cr@p... there's something positive about Virginia. . . only 3% sales tax on cars here. They've talked about raising it but so far, no joy. Of course we have something called personal property tax: something we pay based on the assessed value of the car. In addition to the annual registration and inspection fees.
Reply
Old May 19, 2010 | 06:51 AM
  #6  
fritzOSU03's Avatar
Mach 1 Member
 
Joined: March 25, 2010
Posts: 840
Likes: 0
From: Dallas, TX
We've got 8.25% in our area of Texas but we don't pay an income tax so the 8.25% isn't too bad.
Reply
Old May 19, 2010 | 07:57 AM
  #7  
desertMustang's Avatar
Thread Starter
V6 Member
 
Joined: April 3, 2010
Posts: 74
Likes: 0
Originally Posted by wannabe
Do they charge the city/county tax on vehicles there? In Texas they only charge the 'state portion', which is 6.25%. No county/city etc. Otherwise, nobody would buy a car in San Antonio or Houston or Dallas... they'd all go to rural dealers with lower tax rates.
Here they charge city plus state sales tax. There's only one rural dealer in my area and they have little in stock. There you only pay state sales tax. The city dealers refuse to trade with them. ****! Now that I think about it, I should have ordered from this rural dealer and saved some significant cash (6.6% vs 9.1%).
Reply
Old May 19, 2010 | 09:35 AM
  #8  
tmclaugh's Avatar
GT Member
 
Joined: January 3, 2010
Posts: 164
Likes: 0
From: Massachusetts
6.25% here in Massachusetts. But we also have a vehicle excise tax which is like a yearly depreciating property tax on them. It's $25 per $1000 of the current value of the car multiplied by a percentage based on the cars age.

So on a $32,000 car:
1st year: .025 x $32,000 x .90 = $720 (Equates to about a 8.50 sales tax the first year.)
2nd year: .025 x (value of 2 year old car) x .60 = ?
3rd year: .025 x (value of 3 year old car) x .40 = ?
4th year: .025 x (value of 4 year old car) x .25 = ?
5th year: .025 x (value of 5 yea old car) x .10 = ? (Usually just $25 at this point.)

It's only $50 every two years for a license plate though. I don't believe there are any other registration fees after the initial registration. The excise tax is weird but then I've talked to people who pay $200 or so a year to register their car.
Reply
Old May 19, 2010 | 09:48 AM
  #9  
2K3 Mach's Avatar
Bullitt Member
 
Joined: January 31, 2004
Posts: 213
Likes: 0
From: Avon, OH
In Ohio, it's the county sales tax rate, but Ohio only charges tax on the difference of the new car and your trade in. So if the dealer gives you $10 grand in trade on a $35,000 vehicle, you only pay tax on $25,000.

So even if the dealer gives you less than what you think you could sell it outright for, you make it up in tax savings.
Reply
Old May 19, 2010 | 09:48 AM
  #10  
Falchion's Avatar
Tasca Super Boss 429 Member
 
Joined: October 12, 2004
Posts: 3,751
Likes: 1
Geeze!

On my 2011 GT that would be about 3 grand!

Originally Posted by Adam2004
I paid 9% tax in California.
Reply
Old May 19, 2010 | 10:29 AM
  #11  
5.0GT's Avatar
Member
 
Joined: April 28, 2010
Posts: 36
Likes: 0
From: Alberta, Canada
In Alberta, there is zero provincial tax, just the 5% federal tax. And there is is no yearly vehicle inspection!
Reply
Old May 19, 2010 | 10:47 AM
  #12  
InsidiousGT's Avatar
Bullitt Member
 
Joined: March 31, 2010
Posts: 291
Likes: 0
Whats your build date? I'd guess that if you were built anytime in May you might have a hard time making that delivery date.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
NC14GT
Road Trips
43
Sep 10, 2017 04:47 PM
trackpack13gt
2010-2014 Mustang
6
Jul 25, 2017 05:29 PM
Infamous_blackbeard
Introductions
5
Oct 8, 2015 10:45 PM
austin101385
'10-14 Shelby Mustangs
3
Oct 2, 2015 01:00 PM




All times are GMT -6. The time now is 05:07 AM.