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Smart Shopper Smart Shopper-Archives Any Questions for a Car Dealer? 
16377 messages, Last post on Feb 11, 2006 at 4:59 AM
You are in the Smart Shopper-Archives Forum. Your Hosts are kirstie_h & tidester
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Replying to: stickguy (Jan 23, 2006 1:36 pm) I got very lucky with the 99 Odyssey that we leased in November of 98 when they first hit the showroom. We traded it on an 01 Accord in May of 01 and got $3K more than the lease buyout. |
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Guys... Taxes absolutely depend on the state. On leases... some states charge you the same sales tax as if you bought the car (TX, IL, etc). And some of them AGAIN charge tax on the car if you buy it out (IL) and some do not. Some charge you tax on the payment (FL, MO, etc) Some charge tax on the difference between the cap cost and the residual (NJ). Not all states give you a tax credit for the trade-in. And with regards to the pass-through, some states REQUIRE a car to pass a state safety inspection or be capcable of passing if sold. Some states require a car to be smogged. So e have a Range Rover that needs tires and brakes to, I would assume, pass a state safety inspection. Assuming it's got the usual 18s.. that's about $1,000+++ for new shoes. Brakes? $500 internal if it's just pads. And what else? On top of that we still need to handle the DMV Paperwork, have a finance manager handle the transaction, book the car into inventory, explain to the used car manager who is likely paid on averaging a certain amount per copy why we did a "$0" deal...etc. In other words.. assume all the risk and at the very least make nothing? I don't think any intelligent businessperson would do that. |
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Replying to: kyfdx (Jan 23, 2006 5:29 pm) Then you got to put new brakes and tires and, if the lease was say a 30 month 15k one you know the guy who leased the car originaly probably did not do either, and the car needs both. So there is another couple of 1000 plus whatever detail /reconditing costs there might be as well. Bottom line you can't know what the dealer paid for a used car cause every used car is unique. The carfax will probably tell you how the car was aquired as well. Normaly it says if the car was put up for auction. Don't concern yourself with what the dealer paid for the car concern yourself with what you will pay. As long as you are happy with the price you got and feel you paid a fair price then everything should be fine. |
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Replying to: kdhspyder (Jan 22, 2006 1:32 pm) I know the tax situation in Colorado, Wyoming, and Utah but it is interesting to read about GREEDY tax structure in other states. It also informs prospective buyers where they can purchase a vehicle without being ripped off as much in sales and use taxes, documentary fees, dealer add-ons, additional dealer profit, etc. 
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Replying to: hansienna (Jan 24, 2006 7:42 am) For the record, EVERY state collects taxes differently than the other states. Utah gets it from higher personal and business taxes than some other states. It is all based on how the legislature decides to do it. If people disapprove on how it is done, they generally tos the bums out. Ask the Tennessee ex-governor who thought the state should have an income tax. I do know that most Illinois residents would not accept the level of education that you get from the very underfunded Utah public schools.
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Replying to: jlawrence01 (Jan 24, 2006 11:04 am) Ouch. I got an excellent education in an underfunded Utah public school, including 6 AP classes completed in high school. Not sure why you would take that potshot. Keep in mind that Utah has the highest birth rate in the US, which directly affects the per pupil spending. My only direct experience with Chicago is with the pizza, which is outstanding. Unless you have direct experience with Utah public schools kindly keep your opinions to yourself. What this has to do with cars I have no idea, so I expect the hosts to bring the hammer down shortly. -Jason
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Since I live in Utah and am looking to lease, does anyone know specifically what the tax laws are with leasing. I am looking to trade in my car, but I would only likely do that to receive the tax credit of my trade in value to decrease the taxes on my leased vehicle. BTW, I was also educated in Utah, but I am not naive enough to believe that spending $1000 less per pupil provides the same quality of education. Exceptional students will do well under most any system, its the one's who struggle to keep up that suffer when you don't spend a little money to help them out. |
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Replying to: catam (Jan 21, 2006 11:05 pm) With a lease, the sales tax is paid each month with the payment on the amount of the payment. Utah became more greedy and now charges sales tax on dealer documentary fee. It is printed on the UADA form 1088 "Motor Vehicle Contract of Sale". Be very careful when you read the paperwork. |
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Replying to: jaserb (Jan 24, 2006 11:23 am)
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Replying to: kirstie_h (Jan 25, 2006 7:35 am)
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