Quote:
Originally Posted by rumatt
And sales tax. Which is significant on more expensive cars. It completely ruins the "buy a car and try it out for a while" experience for me.
Say you buy a car for $100k. You bought at a good discount off msrp so you're able to sell it 2 years later for $80k, and you lost $20k. But in NY you also paid $8,800 in tax bumping the cost of ownership up to $29k. That's a 50% increase in cost of ownership. It's ridiculous.
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Yup... NJ used to be 6%, then 7 for a long time, now back down to 6.625%, still too much. For me, with my frequent switches, this has been a big hit.
NY and NYC's taxes are so out of control.... 8.875% It adds like a 1$ to breakfast and more than a 1$ to most lunches.