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2394 messages,  Last post on Nov 03, 2009 at 11:03 AM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Buying, Car Selling


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#964 of 2394
Re: Chrysler first to fall? [dtownfb] by sabre52270
Apr 27, 2009 (5:36 am)
Reply

Replying to: dtownfb (Apr 24, 2009 5:58 pm)

Ya! They made a movie out of me - maybe you heard about that movie were they guy steals Chrismas
Actually, I really hope the automakers make it, no pun intended.
I am trying desperatly to get a Dodge Challenger, my wife has a Jeep Liberty with warranty, my mother just got a focus, and if I can't get the Challenger, I was looking at a couple GM cars. So, I really want things to work out, but ya never know what's going to happen.
If you do, please let me know.
#965 of 2394
Re: Newbie Questions about Closing a Used Car Deal [lhy] by jayrider
Apr 27, 2009 (6:12 am)
Reply

Replying to: lhy (Apr 27, 2009 3:23 am)

If you have car insurance on the car you drive now you have 30 days to get it switched to the new ride. Just bring your card.
#966 of 2394
Re: Chrysler first to fall? [sabre52270] by dtownfb
Apr 27, 2009 (9:23 am)
Reply

Replying to: sabre52270 (Apr 27, 2009 5:36 am)


So, I really want things to work out, but ya never know what's going to happen. If you do, please let me know.

 
If I could predict this mess, I wouldn't be posting here on Edmunds. I'd be out making some money as a consultant.
#967 of 2394
lease property tax by scottinky
Apr 29, 2009 (5:54 am)
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Replying to: tidester (Oct 01, 2008 10:08 am)

i have a question. back in November of 2007, I leased a Nissan Armada. I terminated the lease in March of 2008, bought it out and sold the truck. i just now got a tax bill from Nissan on this truck, which I didnt keep more than 6 months. WTF do I have to pay property tax on it? Why wasn't I billed last year? Is there anyway around this? taxes were included in my payment.
#968 of 2394
Re: lease property tax [scottinky] by kirstie_h HOST
Apr 29, 2009 (8:48 am)
Reply

Replying to: scottinky (Apr 29, 2009 5:54 am)

In all likelihood, Nissan had to pay the full year's worth of property taxes up front at the end of 2007 or beginning of 2008 (depending on how it works where you live). Your property tax payment for that year was probably pro-rated across the 12-month period, and therefore Nissan is re-couping the taxes that would've been owed by you if you'd owned the vehicle.
#969 of 2394
Re: lease property tax [kirstie_h] by scottinky
Apr 30, 2009 (4:13 am)
Reply

Replying to: kirstie_h (Apr 29, 2009 8:48 am)

thank you Kirstie, that makes perfect sense.
#970 of 2394
Re: lease property tax [scottinky] by kyfdx HOST
Apr 30, 2009 (8:11 am)
Reply

Replying to: scottinky (Apr 30, 2009 4:13 am)

Hey Scott.. just noticed that you are in Kentucky...
 
KY charges personal property tax on any car registered on January 1st, for the entire year... No proration..
 
It's usually collected at the time you renew your tags..
 
So, in the last year of a lease, you'll almost always have a bill coming for the entire property tax for that year, but, it's likely to come from the bank after the lease is up, because you aren't renewing your tags. The bank pays it, because they are the owner, but all registration and tax costs are passed along to the lessee (you).
 
Hope that helps.. I've got a lot of experience with leasing in KY..
 
regards,
kyfdx
#971 of 2394
Re: lease property tax [kyfdx] by traindriver
May 01, 2009 (6:39 pm)
Reply

Replying to: kyfdx (Apr 30, 2009 8:11 am)

KY charges personal property tax on any car registered on January 1st, for the entire year... No proration..
 
That bites! I would hate to have a lease ending in early January in KY if I understand you correctly. Sounds like you are paying taxes on property you no longer "own"!
 
In SC, we turn the tags back in to the DMV and take the receipt to the courthouse and get a prorated refund for any unused full months remaining until expiration. (or transfer it to another vehicle and pay taxes on the new car in the renewal month for the tag.)
 
Also, I am personally billed by the county, not by Chrysler Financial.
#972 of 2394
Re: lease property tax [traindriver] by jwilliams2
May 01, 2009 (7:49 pm)
Reply

Replying to: traindriver (May 01, 2009 6:39 pm)

Well, on the other hand, if you leased in early January, you would have no taxes due for the first year. See, it all balances out.
#973 of 2394
Re: lease property tax [jwilliams2] by traindriver
May 02, 2009 (2:56 am)
Reply

Replying to: jwilliams2 (May 01, 2009 7:49 pm)

See, it all balances out.
 
Yes, If that is how it works then I suppose so.

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