sales used tax you guys paid after purchase
- Thread starter sokudo88
- Start date
I don't remember exactly, but I was kinda shocked that it cost me about $2000 to get out of the tag office when I bought mine. I already knew it was going to be in that neighborhood, but it still stung. It's part of the cost of admission and you are wise to factor it in advance.
I was wondering what this topic was about.
'Sales used tax' and not 'Used sales tax'.
Anyway the sales tax differs depending on the city and state in which you register the car.
Using simple math of a purchase price of $30k you would pay $3k @ 10% or $1500 @ 5% and so on.
UNLESS you are talking about 'adjusting' the sale price on the contract or BOS to reflect a different amount so you can pay less.
'Sales used tax' and not 'Used sales tax'.
Anyway the sales tax differs depending on the city and state in which you register the car.
Using simple math of a purchase price of $30k you would pay $3k @ 10% or $1500 @ 5% and so on.
UNLESS you are talking about 'adjusting' the sale price on the contract or BOS to reflect a different amount so you can pay less.
True, my total included tag fee, personal property tax, blah blah blah as well.
$300 bucks.
its capped in SC :biggrin:
its capped in SC :biggrin:
Also known as "lying". And I don't recommend that. Even if you have no conscience and you only look at the practical side of things, you leave yourself open to all kinds of problems (for example, if your car is totaled and your insurance company tells you, "We're only going to give you what you told the state you paid for the car").
I think "adjusting" the sales price is just dumb not to mention illegal. Risking a felony perjury charge to save a few dollars is just way stupid. Pay the darn used tax and enjoy driving without having to worry if the local DMV police are looking into your transaction. Comes down to basic honesty.
I think I had to pay 4% tax of the (actual) sales price. The lady said "you paid that for a 91"? She then went out (without me with her) and tried to find the car to confirm the VIN while I finished writing the check/getting my tag.
I had to go out and find her wondering the parking lot and she was standing right next to my car. She asked where my "Acura" was and I said right there. All she said was "wow, that's a 91"? :biggrin:
I had to go out and find her wondering the parking lot and she was standing right next to my car. She asked where my "Acura" was and I said right there. All she said was "wow, that's a 91"? :biggrin:
@ 6.25%, just over $4K
I don't want you to get the impression that I did that. I have solid proof to show otherwise.
I was merely asking if that is what the original poster was insinuating.
5%, nearly $3k.
to much. its just a jacking of money. every time the car changes owner they get there cut. Talk about perfict crime.
Here is my info for Los Angeles County October2006:
Car Price =: $36,000
Tax, Lic., Reg. = $4,300 and change
I don’t have an exact break down since my lender handled everything including dealing with the CA DMV.
Car Price =: $36,000
Tax, Lic., Reg. = $4,300 and change
I don’t have an exact break down since my lender handled everything including dealing with the CA DMV.
About $3000. (I declared the true sale price.)
The clerk at the DMV asked me if I was sure; it seemed as if she was unaccustomed to someone declaring the correct price, she seemed to be expecting me to lie instead of paying the full tax.
8.75% :frown:
The DMV guy was shocked at the value. He asked me if I was sure it wasn't an 04 not a 94 Acura because how can an old car be that expensive.
The DMV guy was shocked at the value. He asked me if I was sure it wasn't an 04 not a 94 Acura because how can an old car be that expensive.
This brings back a bad memory for me. I paid tax on the car's list price, $89,995 despite the fact that I bought the car used. The registry in MA does not care what you paid, they go by "book value". That little trick you guys use, doesn't work here. That is, unless you paid MORE than book value, in which case they charge that instead. And whose book value? their OWN book value... KBB or NADA be damned... 
Anyway my car's "book value" was 90K. I tried to explain this is a USED car, and that even a 0 milage NSX is being discounted 10K at dealers at the time. It fell on deaf ears. I paid tax on a full $90,000. Pure BS.
Anyway my car's "book value" was 90K. I tried to explain this is a USED car, and that even a 0 milage NSX is being discounted 10K at dealers at the time. It fell on deaf ears. I paid tax on a full $90,000. Pure BS.
How about if you declare the car as a gift?? Do you still get taxed?
How about if you declare the car as a gift?? Do you still get taxed?
Yes. Unless its an immediate family member. Mother, father, son, etc. Forget cousin or uncle or brother-in-law. Certainly not a friend or aquaintance. No way.
Honestly I wonder how legal this practice is. To charge tax on the value THEY decide the car has, not the actual sales price. But to then charge the actual sales price, if it happens to get them more tax than their own book value. Whatever is highest. Thats the law.
How is that legal? It doesn't even make sense. But no one has challenged it yet. I am a sheep amongst many... they say go right and we all go right.
$2600 for San Francisco
$2700, a kidney, a left nut, and barrel of "swimmers" is what it cost to get my CA registration. :tongue:
However, when you see your name and [insert year here] NSX and then drive off, it is well worth it. :biggrin:
:tongue: However, when you see your name and [insert year here] NSX and then drive off, it is well worth it. :biggrin:
How long after purchase are you required to pay/register?
Immediately! You can't get your registration without it. At least in TN and FL that is how it works. Buy car, take title to DMV, pay registration, taxes, etc.. and walk away with a new tag and small piece of paper for glovebox.
Dave, you got screwed. You should have paid tax based upon the sales price.
Budget at least 10% of the purchase price to cover Sales Tax, Registration and License. Somtimes it's less, sometimes it's more depending on where you live. Some states like CA charge a "Use Tax" which is essentially a sales tax on any cars that will be used in the state. The % for the Use Tax is the same as the Sales Tax for the locality where you will register your car.
Jesus! For once Im glad to say I live in SC... we have a $300.00 cap on sales tax.
