I live in WA state and purchased my 991.1 C2S from a private party in San Jose last Oct. Registration in WA was $7600+. Sales tax and RTA excise tax for light rail. If you trade in at a dealer you can get a break on the sales tax. The RTA is an every rear deal to the tune of about 1K this year for the Pcar. The sales tax on big stuff can be pretty brutal.

Since this is a thread on pricing, the value increase has exceeded the reg costs by about double at this point. I don't think I could talk myself into pulling the trigger at what that car would cost me now. The sales and excise taxes tacked on to the inflated value would probably swing the decision to a no.

 

I think I paid $38 for my annual registration this year here in FL. When I bought it ('17 C2) June 2019 as a used car in NY, we drove it home and I paid the one-time 7% sales tax to register it in Hillsborough (basically Tampa) county. That's it. Hearing about what you guys pay to register and keep a car, wow, that is expensive.

 

One of the issues related to this is there are also a lot of "investment" type cars which if you consider your true basis of costs incurred while you owned it to maintain it would throw a lot of cars into the loss category. I own multiple vehicles(10 give or take) so for everyone you have that you may be in the money on, there are also those that would be losses as well. It's pretty hard to only tax good guys and not allow the deduction of the losers for car collectors. I do not think they want to raise the profile on this topic.

 

I think it's hard to compare taxes for the different jurisdiction. Some states have no state income tax, so naturally they end up taxing other things.

 

Exactly. WA people or even where I am in NV, can't really complain since we don't have state income tax! I save way more there than the $800 I had to pay in registration here. In fact in NV you don't pay sales tax if it's a private party purchase for all vehicles.

I paid $84k for my GTS and paid zero sales tax!

 

Get a job, a better job or another job. Should have bought AMZN, Jr.

LOl @ thinking you are avoiding taxes by leasing..

 

LOL jokes on you. Perhaps he's a business owner and his company leases the vehicle with a very very favorable buyout at the end of the term..............

 

In CA, every aspect of the deal is taxed. You pay sales tax on the monthly lease payment and if you choose to buy the car at term, you are taxed on that purchase as well.

Some people have a need to capitalize a lease to keep the lease payment lower....that payment is taxed up front...then sales tax monthly, then sales tax on the buy out if exercised.

Death and taxes: Inevitable.

 

People forget one of the main issues we fled Europe was taxation without representation..... but now most Americans don't have a clue and are consumed by the Kardashians, instagram, blm bs, ect its all very sad. We are becoming a nation of sheep.

 

Enjoying the possibility that one of the few cars my middle income *** has purchased in my lifetime has appreciated and y’all went off on a Tax and investment strategy tangent. I have a CPA for that. This thread went to ****.

 

Becoming? It's already happened lol.

American kid wants to be a Youtube star. Japanese/Korean/Chinese kids want to be astronauts. There's been a sizable survey done on that.

 

Not sure why one would expect any different. If you turned the car in at the end of lease and someone else bought it, would you not expect them to pay the sales tax?

 

This is not accurate. In California, you basically pay tax on the car once whether you buy or lease it. When you lease a car, assuming you don't put a down payment (which you should never do on a lease), you are only taxed on the monthly lease payments. If your car get totaled after 1 month, you have only paid sales tax on that one single monthly payment. If you have a 36 month lease and you pay your lease payments each month, you are taxed only for the 36 monthly payments. Say after 36 months, the residual is 60%. You have basically paid sales tax on the 40% of the car that you paid for via the 36 lease payments. If you turn the lease back in, you NEVER pay the remaining sales tax on the 60% residual.

On the other hand, if after 36 months, you decide to buy out the lease, you pay sales tax on the residual buy out, i.e. you pay Porsche 60% for the buyout and California taxes you for the 60% buy out. In the end, you've only paid sales tax one time on the car (sales tax paid monthly on the 40% of the car that was paid via the 36 month lease and sales tax on the 60% residual when you bought out the lease). This is exactly the same amount of sales tax you would incur if you purchased the car, except leassors are smart because they did not have to pony up the entire sales tax on 100% of the car up front or finance a loan that included 100% of the sales tax which could never be recouped when you sell the car.

 

It's just absolutely crazy, but look at the used car market everywhere.

 

Yeah, except in Florida we don’t have a state income tax and our car registrations don’t have any crazy taxes either. Trust me, people wouldn’t flocking here from California and New York if it weren’t for the economics. I just wish they wouldn’t bring the same dumb *** ideas that ruined their states with them.