cars dealerships

[mustangflanagan]

No just on trade in because technically you paid taxes on that when you bought your current car

Got ya.i still cant believe the otd price was 4-5 grand more then the dealer price for the car.

 

[5.0 Probie]

Nice, didnt know that. What about a down paymebt say the car is 40k plus 10k trade in and 10k down payment. Am i only taxed on the 20k i owe?

No... The only tax break you get is on the taxes you already paid on the original car.

Basically, you do not have to pay the taxes twice in most States.

It has nothing to do with the down payment and everything to do with your trade in value. Paid for or not (Meaning still making payments or not).

Example...

$40k car, $10k trade. $40k car (10% rate) has a $4000 tax. The $10k trade pays $1000 of that tax, leaving you with $3000 in tax.

 

[BlackMustang690]

Got ya.i still cant believe the otd price was 4-5 grand more then the dealer price for the car.

Yeah that's probably not the best deal they can do.

 

[mustangflanagan]

One dealer got back to me there WOW price was 36,250 so how the fuck does the out the door price end up over 40k. Smh 825 freight. 2,655 tax 563 tags and 300 processing fee. Smh in the words of mel gibson "Smile and blow me" no deal for those crooks.

Look at those damn fees

 

[07TGGT]

Have you ever bought a car... Taxes, yes, we pay taxes on everything. You'll pay for the "destination" charge at any dealership you go to. Tags, yes, you have to register the vehicle at the time of purchase. So you're going to pay "fees" anywhere you go. MSRP and Dealer Price is not OTD Price.

 

[mustangflanagan]

Last one i bought was the 07 in texas no taxes. The fees just seem high

 

[07TGGT]

How did you not pay taxes?

 

[mustangflanagan]

I was young back then i didnt know better lol, i am almost positive tx was and is a no tax state

 

[Kenaizer]

I was young back then i didnt know better lol, i am almost positive tx was and is a no tax state

State income tax... How old are you now, if you don't mind me asking?

 

[mustangflanagan]

I am thinking sales tax, i been up for 18hrs between full time school and full time work. 30 just got out of the military. 07 new i got taken to the woodshed it was my first dealership bought car. I aint letting that happen again.

 

[Mitchell205]

I don't know about cars but Florida is like that too , I think.


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[mustangflanagan]

Plan is to put 10k down and hopefully get 10-11k minium for trade in

 

[Kenaizer]

Plan is to put 10k down and hopefully get 10-11k minium for trade in

Texas charges sales tax. Google says that the states that don't charge sales tax are New Hampshire, Oregon, Delaware, Montana and Alaska; however, I don't know if there is a way to avoid paying the taxes if you register it in another state.

That might be a stretch on trade-in value, but anything is possible. Just keep searching. Best of luck!

 

[Mitchell205]

Em , my bad. Florida has no state income tax


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[BlackMustang690]

Plan is to put 10k down and hopefully get 10-11k minium for trade in

How many miles do you have on the 07?

 

[mustangflanagan]

80K

 

[BEAST]

Yea, basically i dont do test drives until i get serious about buying, i cant do face time since most places i am looking at are about 120 miles away.

Just call cam.

 

[terry5357]

When trading in watch out for the "reconditioning fee" I was charged $1500 reconditioning fee which I thought "okay it does need a few things (small place where stitches came out of seat near head rest", but then I saw my car listed the same day. How in the hell does the dealer do $1500 worth of work in 3 hours......recondition fee is a rip off.

 

[mustangflanagan]

When trading in watch out for the "reconditioning fee" I was charged $1500 reconditioning fee which I thought "okay it does need a few things (small place where stitches came out of seat near head rest", but then I saw my car listed the same day. How in the hell does the dealer do $1500 worth of work in 3 hours......recondition fee is a rip off.

How would you fight the reconditioning fee

 

[KatoS197]

Our recon fee is only $500 flat, unless additional work is warranted. That covers oil, oil filter, cabin air filter, windshield wiper blades, safety inspection, and the labor costs to perform those things.

Every vehicle purchase in Texas has vehicle sales tax. The only exemptions are Agriculture/State Issued Vehicles with machinery as part of the vehicle or municipalities. Even churches have to pay Vehicle Sales Tax.