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Old 07-08-2013, 11:54 AM   #31
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Originally Posted by getahemi View Post
As for wheels, I was glad to get that much. Don't think I could have sold them privately for that. Plus I didn't have to pay 13% tax on 1500 so that's a bonus. I would never use them and I'm never getting rid of the jeep so it's of no consequence to me.
13%...ouch.

Understood though, I have traded vehicles in for less than they're worth because of the tax off the top....and the ease of the transaction.

I'm surprised the government hasn't changed those laws...both yours and ours...

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Old 07-08-2013, 02:17 PM   #32
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Ya. 13% tax is serious money on new vehicles. At least they tax us on the difference between selling price and tade in value and not the full selling price of the new vehicle. Is that how it works where you live? Btw how much is your tax rate?

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Old 07-08-2013, 02:23 PM   #33
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Originally Posted by BLK2012 View Post

13%...ouch.

Understood though, I have traded vehicles in for less than they're worth because of the tax off the top....and the ease of the transaction.

I'm surprised the government hasn't changed those laws...both yours and ours...
You guys don't have to pay yearly property tax on it do you?

I can't decide which is better, to pay it up front or to shell out $360 a year in taxes on it like I did today.
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Old 07-08-2013, 02:45 PM   #34
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we don't pay an ad-valorem tax, which I remember in the south as another way to fund themselves...

I guess it's not much different from a tax paid on water consumption, which was a sewer tax assuming 100% of the water you use goes into the public sewers, with no regard to drinking, lawn watering, etc.
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Old 07-08-2013, 03:07 PM   #35
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You guys don't have to pay yearly property tax on it do you?

I can't decide which is better, to pay it up front or to shell out $360 a year in taxes on it like I did today.
Wow. I have never heard of yearly properly tax on vehicles. We only have that on real estate. Vehicles fall under 13 hst which is harmonized sales tax which is paid at time of purchase. 5% goes to the fed and 8% goes to the province.

What state are you in?
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Old 07-09-2013, 01:20 PM   #36
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Originally Posted by getahemi View Post

Wow. I have never heard of yearly properly tax on vehicles. We only have that on real estate. Vehicles fall under 13 hst which is harmonized sales tax which is paid at time of purchase. 5% goes to the fed and 8% goes to the province.

What state are you in?
South Carolina.
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Old 07-09-2013, 01:34 PM   #37
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Quote:
Originally Posted by getahemi View Post
Wow. I have never heard of yearly properly tax on vehicles. We only have that on real estate. Vehicles fall under 13 hst which is harmonized sales tax which is paid at time of purchase. 5% goes to the fed and 8% goes to the province.

What state are you in?
Pennsylvania has a yearly tax, too, I believe.....or at least they used to? We pay 6% when we purchase vehicles in Michigan, but then we can claim that on our taxes....we have 3 vehicles that we'll be able to claim taxes on, all bought this year....1-7-13 my 2010 Challenger, 1-26-13 my husband's 200 & in May, my 2013 Wrangler

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