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NY and NYC's taxes are so out of control.... 8.875% It adds like a 1$ to breakfast and more than a 1$ to most lunches. |
Yeah, I love used cars in general for all of the reasons listed.
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Yeah but used cars cans fill be expensive. The tax in the cayman was $4,999.
BTW, how is this not double taxation? And how the fuck did dealerships get a loophole that it doesn't count if you sell to them? |
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The only time this burned me was a garage queen that progressed to dry rot of engine seals. Ran fine. But I didn’t have the patience to go after all of the deteriorating seals and rubber bits. No one else here is dumb enough to buy cars as old as I do so not a problem. |
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Some states only charge buyers tax based on the difference between trade and new (to buyer) purchase. I think the reasoning is that they paid tax on the original vehicle with the argument that it should only apply at the dealer, as opposed to parlaying proceeds from a private sale to another vehicle purchase, is that the state can easily verify the transactions and their dollar amounts at dealerships and not in private sales. Definitely a benefit to the dealer, but how did they do it? Dealerships spend a lot on lobbying at the state and local level. |
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My 15yo M5 still costs over $300 to register. |
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