Tleast

Lets say I get a TLS for 30K and I trade in my 99 TL for 20K, do I pays the sales tax on the entire amount of the new car or just the difference?

I imagine that state tax rules are different from state to state, but if anyone has bought a car recently in VA (with a trade-in), please let me know

Thanks

AC

You pay on $30k...

Tleast

Shit, that's what I figured.

Thanks AC

BTW, I sold my 99 TL today. Will be picking up my new TLS next week!!

Chief_C

I believe you only pay sales tax on the difference between your trade and the new vehicle since you already paid sales tax on your trade-in. I found this info on the VA web site some time ago, but was unable to relocate it this AM -- call the DMV.

Tleast

I looked up the dmv web site just to double check what you said, and found this:
http://www.dmv.state.va.us/webdoc/ci...hicles/sut.asp


Chief_C: what do you think now? My interpretation of the middle paragraph tells me that AC is right.

Thanks.



<FONT COLOR="#800080" SIZE="1" FACE="Verdana, Arial">[This message has been edited by Tleast on June 14, 2001 @ ]</font>

Chief_C

Thanks for finding the link. However, I interpret the following quote to mean the trade allowance is subtracted from the new vehicle cost to determine the sales tax.

But guess what? It doesn't matter what you or I think; a simple call to the DMV will provide the interpretation that matters...

"Credit given by the dealer for a trade-in, rebate, unpaid lien or other unpaid claim against the vehicle is not included when determining sales price for the collection of sales and use tax."

Tleast

The more I read that paragraph, the more this thing hurts my head. I will give them a call and see if anyone at DMV can clearly explain to me what amount is taxable, and what is not.

AC

your trade in will just be treated as a down payment. When you buy your car they will talley up cost, tax, tags, freight, and subtract trade in.

Tleast

AC, you were right all along.

I just picked up my TLS and paid sales tax on the full amount. Apparently there are only 4 states in the US that calculate the tax in that fashion, and Virginia happens to be one of them.

bbjones

TLeast,
I'm still a little confused.

(Making up numbers,) Do you mean that you paid, say, $30K for your new TL-S, and traded in a car worth $10K, so your state tax bill was $20K * 8% (or whatever your tax rate is)?

Geez... I wish they did that in California.


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2002 Acura TL Type-S Dark Emerald Pearl
1986 Pontiac Fiero SE V6
1994 Ford Explorer 4x4

jjctls

He means he paid tax on the full purchase price of the new car (not less the value of the trade). VA is 3.17% on autos.

Tleast

Sorry for the confusion. The TLS cost me 31,300 and the tax rate of 3% in VA ($939)was applied to the full amount. Even if I had a trade-in valued at 20,000, I still would have had to pay the entire amount ($939).

bbjones

Got it.

Well, look on the bright side: your sales tax is ~3%. I just paid like 8.5% sales tax in Santa Clara County, CA.

Ya gotta pay extra for the sunshine tax.

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2002 Acura TL Type-S Dark Emerald Pearl
1986 Pontiac Fiero SE V6
1994 Ford Explorer 4x4

jjctls

Hey TLeast - where'd you buy from? And did you get any "throw-ins"?

Tleast

Karen Radley Acura. Got free mats, mud guards, and lock nuts.

RedLined

Did you get the Nav system for that price? I got mine w/ spoiler, locks, mud guards, mats, trunk tray, no Nav in Roanoke for $31000. Just want to see how price compares to NoVA.

Tleast

Paid $31,300 including NAVI + freebies listed above + Tax + Tags + $180 documentation fee. Total out the door was $32,500.

I dont know how I was able to get that deal here in the Northern VA area. I guess I was lucky!!

QUIETSTORMMVN_IN

I think NOVA is flooded with a supply of TL's. Although some colors are still rare here.

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2000 Fire Pepper Red/ebony TL, non-navi. factory spoiler, std chrome wheels, 35% tint, comptech exhaust, wood trim kit, factory body kit, custom grill...
Quiets ride

RedLined

That's a pretty good deal! When I bought mine mid April, the best deal I found in VA was in Roanoke at Duncan. Every one else (dealers in Norfolk, Richmond, and NOVA anyway) were coming off sticker no more than $700 -- not a very good deal in my opinion. Without the spoiler, I could have gotten my car for $30,300 (about 3% over invoice), about $1000 more than the equivalent of what you paid.

RedLined

Also, who was your salesperson at Radley? I have a friend who's in the market for a TL-S and I think he will probably contact them.

Tleast

Send me an email when you get a chance, and Ill tell exactly what I did to get that price.