ADMs and Sales Tax
#16
We have to remember that the OP is in California, where essentially everything is taxed. Cars are taxed at full sales price every time they are sold, even to subsequent owners. The state can wind up collecting perhaps 50% of the car's value during it's lifetime. There is no tax credit for trade-in either. Highly doubtful that OP will be able to avoid tax on the ADM, but please post update when you actually complete your .2 purchase!
#17
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Thread Starter
Originally Posted by [i
If anyone wants to talk me out of my ADM with a mid-2018 delivery slot at MSRP, PM me!
What on earth does that mean?? You don't have an MSRP slot with an ADM attached to it. Or is this a veiled flip advertisement?
What on earth does that mean?? You don't have an MSRP slot with an ADM attached to it. Or is this a veiled flip advertisement?
Thanks again for the answers all! Late April can't come soon enough!!!
Cheers,
Kevin
#18
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Thread Starter
We have to remember that the OP is in California, where essentially everything is taxed. Cars are taxed at full sales price every time they are sold, even to subsequent owners. The state can wind up collecting perhaps 50% of the car's value during it's lifetime. There is no tax credit for trade-in either. Highly doubtful that OP will be able to avoid tax on the ADM, but please post update when you actually complete your .2 purchase!
Will definitely post actively here where the .2 comes! Very excited to join the community and share in Porsche-related passion with y'all.
#19
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Either way, I can't wait to have this fantastic machine in my garage. After having done wheel-to-wheel racing for 6+ years, and my work schedule forcing me into a racing hiatus for the past 3-4 years, I'm excited to have a machine for the street that approaches that same level of excitement on a daily basis!!!
Last edited by kbGT; 10-19-2017 at 07:42 PM.
#20
Race Director
^
Good luck. It will be an amazing car.
The chances of an MSRP allocation dropping out of the sky is slim to none. I think $10K-$15K for a configurable allocation seems to be the ADM going rate?
Good luck. It will be an amazing car.
The chances of an MSRP allocation dropping out of the sky is slim to none. I think $10K-$15K for a configurable allocation seems to be the ADM going rate?
#21
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Thread Starter
Seems like that's the *very* low end of the ADM market by now. Based on my personal experiences calling around, and what I'm seeing in various RL threads that beat the ADM topic to death, it seems like most slots are going for $20k at the low end, and $80k(!!!!) at the high end. Pretty nuts. Capitalism at its best, I suppose...
#22
Rennlist Member
Seems like that's the *very* low end of the ADM market by now. Based on my personal experiences calling around, and what I'm seeing in various RL threads that beat the ADM topic to death, it seems like most slots are going for $20k at the low end, and $80k(!!!!) at the high end. Pretty nuts. Capitalism at its best, I suppose...
#23
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Thread Starter
Most dealers I spoke with on the phone either said they were sold out (all non-ADM dealers were) and the vast majority of them (probably another 7 of the 30 I called) were $20k at the low end and most commonly $30-35k. I also had dealers try to tell me that a PDK allocation would be $20k, and a manual $30k...even though they come from the same damn pool of allocations! This was as of 2 weeks ago. If you have better luck than I, please let me know whom with!
Cheers,
Kevin
#24
Sorry, but ADMs are taxable in California (see below):
Are services subject to sales tax in California?
California does not generally collect sales taxes on services. However, services which are "inseparable from the sale of a physical product" (such as setup of a purchased machine) and fabrication/assembly services (services which create tangible personal property) are considered taxable.
Too, any dealer would be crazy to deliver a car without collecting sales tax on the ADM, because under audit the Board of Equalization will collect from the dealer, not the customer.
Are services subject to sales tax in California?
California does not generally collect sales taxes on services. However, services which are "inseparable from the sale of a physical product" (such as setup of a purchased machine) and fabrication/assembly services (services which create tangible personal property) are considered taxable.
Too, any dealer would be crazy to deliver a car without collecting sales tax on the ADM, because under audit the Board of Equalization will collect from the dealer, not the customer.
#25
Advanced
Thread Starter
Sorry, but ADMs are taxable in California (see below):
Are services subject to sales tax in California?
California does not generally collect sales taxes on services. However, services which are "inseparable from the sale of a physical product" (such as setup of a purchased machine) and fabrication/assembly services (services which create tangible personal property) are considered taxable.
Too, any dealer would be crazy to deliver a car without collecting sales tax on the ADM, because under audit the Board of Equalization will collect from the dealer, not the customer.
Are services subject to sales tax in California?
California does not generally collect sales taxes on services. However, services which are "inseparable from the sale of a physical product" (such as setup of a purchased machine) and fabrication/assembly services (services which create tangible personal property) are considered taxable.
Too, any dealer would be crazy to deliver a car without collecting sales tax on the ADM, because under audit the Board of Equalization will collect from the dealer, not the customer.
#26
Race Director
Originally Posted by mchrono
We have to remember that the OP is in California, where essentially everything is taxed. Cars are taxed at full sales price every time they are sold, even to subsequent owners. The state can wind up collecting perhaps 50% of the car's value during it's lifetime. There is no tax credit for trade-in either. Highly doubtful that OP will be able to avoid tax on the ADM, but please post update when you actually complete your .2 purchase!
#27
We have to remember that the OP is in California, where essentially everything is taxed. Cars are taxed at full sales price every time they are sold, even to subsequent owners. The state can wind up collecting perhaps 50% of the car's value during it's lifetime. There is no tax credit for trade-in either. Highly doubtful that OP will be able to avoid tax on the ADM, but please post update when you actually complete your .2 purchase!
#28
I almost see how the dealer could benefit unless you had satchels of cash or trades, but they could help if they wanted.This stuff is so easy at the lesser $$$ and dealer level, the %'s once @ GT3
#29
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Thread Starter
Problem solved. Just scored an abandoned customer-spec'ed GT3 for end-of-month delivery at MSRP! Damn near the exact spec I was custom ordering. Woohoo!!!
You'll see me proudly posting snazzy pics of my ADM-free Carmine Red GT3 (6MT, buckets, PCCB) on my birthday (NYE) as I drive it up PCH. Can't wait!!!
Now, I just can't decide whether keeping the Carmine Red (6MT, buckets, PCCB) GT4 in the garage as well is massive overkill...I sure know what the wife thinks....
Cheers,
Kevin
You'll see me proudly posting snazzy pics of my ADM-free Carmine Red GT3 (6MT, buckets, PCCB) on my birthday (NYE) as I drive it up PCH. Can't wait!!!
Now, I just can't decide whether keeping the Carmine Red (6MT, buckets, PCCB) GT4 in the garage as well is massive overkill...I sure know what the wife thinks....
Cheers,
Kevin
Last edited by kbGT; 12-05-2017 at 01:31 PM.
#30
Burning Brakes