Hope my 2011 CS arrives before June 1
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.
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.
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.
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.
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.
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%).
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.
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.
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.
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.
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