Quote:
Originally Posted by bren
So this is just something I've wondered...do you not pay taxes on car purchases in Mass? I have no idea how it makes sense to your financial discipline to constantly swap cars just to buy the same car all over again.
|
I do. 6.25%. You get tax credit on trade-ins.
Leases are taxed on a monthly basis - which is why I mentioned it on the GTI. I have to see if leases make sense on those. I'd imagine they should since they are fairly sought-after.
Contrary to what you may believe, I do keep my cars "for a while." The notable exceptions are the Porsches. But both were bought at enough of a discount that a dealer trade-in hit would have dwarfed absorbing the lost sales tax. On cheaper cars, I don't sweat the sales tax (JGC & Miata).
For the record, a list:
190E 2.6 - 5 years
E46 ZHP - 6 years
9-2X - 2 years (wife's fault)
V70R - 4 years
JGC - 4 years
987S - 1.5 years
MCS - 5 years
E91 - Lease (27 months)
997TT - 3 years
eGolf - Lease (36 months)
LR4 - 4.5 years and counting
Miata - 1.5 years and counting