Out of state purchasing
Joined: Jun 2005
Posts: 8,185
Likes: 0
From: Alabaster, Alabama
Thanks guys. It's nice to know that some of the people around here know I'm not a *complete* buffoon. 
I'm just chalking this up to a clash of personalities.
Colin, I hate that you deleted his post though. I'd have loved it to stay so that people could make their own decision as to who they agreed with, but you make the rules last time I checked.
I'm just chalking this up to a clash of personalities.Colin, I hate that you deleted his post though. I'd have loved it to stay so that people could make their own decision as to who they agreed with, but you make the rules last time I checked.
Registered User
Joined: Oct 2003
Posts: 9,054
Likes: 3
From: Rio Grande Valley, New Mexico
Originally Posted by NewMexicoG
The tax should be paid wherever you first register the car. You have to pay the tax when you get your plates. As others have said, there is a credit for any taxes paid to another state. When I bought mine, the dealership collected some local taxes (not sales tax) and then wrote a cheque paying them back to the DMV where I was going to register the car.
Joined: Jun 2002
Posts: 30,341
Likes: 9
From: Cambridge, Ont. Canada
Originally Posted by trey's wife
Thanks guys. It's nice to know that some of the people around here know I'm not a *complete* buffoon. I'm just chalking this up to a clash of personalities.
Colin, I hate that you deleted his post though. I'd have loved it to stay so that people could make their own decision as to who they agreed with, but you make the rules last time I checked.
I'm just chalking this up to a clash of personalities.Colin, I hate that you deleted his post though. I'd have loved it to stay so that people could make their own decision as to who they agreed with, but you make the rules last time I checked.
I just didn't want you to be any more upset than you already are......
Cheers, and keep your chin up, girl.....
Joined: Jun 2005
Posts: 8,185
Likes: 0
From: Alabaster, Alabama
Originally Posted by ABQ_G35
In New Mexico, it's an excise tax, which fortunately, I am exempt from, and it's based on the difference from the trade and purchase price.
I promise to mail the payments EVERY month! 
Joined: Jun 2005
Posts: 8,185
Likes: 0
From: Alabaster, Alabama
Originally Posted by Msedanman
That's easily remedied, Cheryl......I can undelete it for you...n/p
I just didn't want you to be any more upset than you already are......
Cheers, and keep your chin up, girl.....
I just didn't want you to be any more upset than you already are......
Cheers, and keep your chin up, girl.....
I hate to rant about something when the full picture isn't there for anyone else. I know what the people who matter think of me and I'm just fine with that. 
Registered User
Joined: Oct 2003
Posts: 9,054
Likes: 3
From: Rio Grande Valley, New Mexico
Originally Posted by trey's wife
Wanna come to Alabama and buy my next car for me? I promise to mail the payments EVERY month!
I promise to mail the payments EVERY month! 
driving:
Thread Starter
|
Registered User
Joined: May 2007
Posts: 509
Likes: 3
From: NJ
Damn..Had no idea my question work start this fire. I have one more to add to the bonfire. When is the tax applied? Do they apply the tax after my down payment or apply the tax then subtract my down payment from that total?
example...
selling price - down payment + tax rate
or
selling price + tax rate - down payment
example...
selling price - down payment + tax rate
or
selling price + tax rate - down payment
Joined: Jun 2005
Posts: 8,185
Likes: 0
From: Alabaster, Alabama
Let me step in this one again. How the tax is applied is likely to be yet another item that is dependent upon where you are. Here you are taxed either on the sale price of the car or, if you have a trade, on the difference between the sale price and the value of the trade. Any down payments would be applied after that point. I promise you that all around you will do better to call the local tax office and ask them EXACTLY what paperwork you will need, what the tax rate is, etc and ask if you get a credit based on anything you paid in another state. Then call the dealership you are looking to buy from and ask them how the taxes are applied there. Lord knows, the finance manager there should know.
How the tax is applied is likely to be yet another item that is dependent upon where you are. Here you are taxed either on the sale price of the car or, if you have a trade, on the difference between the sale price and the value of the trade. Any down payments would be applied after that point. I promise you that all around you will do better to call the local tax office and ask them EXACTLY what paperwork you will need, what the tax rate is, etc and ask if you get a credit based on anything you paid in another state. Then call the dealership you are looking to buy from and ask them how the taxes are applied there. Lord knows, the finance manager there should know.
Registered User
Joined: May 2002
Posts: 17,096
Likes: 12
From: East Bay, Cali
Sedan
Originally Posted by GumboChief
I thought I was rather clear when I stated:
But as that was not enough, here is my final post on the matter:
Your repeatedly demonstrated inability to distinguish reasoned opinion, from baseless conjecture, makes any financial advice rendered by you, suspect.
Or, if those words were too big for you to understand-
Your opinion on money matters can't be trusted.
P.S. To answer your question, I brought up your prior leasing comment as further evidence of bad financial advice. Others coming here, seeking help, will form their own opinion as to the relevance of your comments. I only hope they come upon this thread before your info costs them serious money.
Have a nice life.
But as that was not enough, here is my final post on the matter:
Your repeatedly demonstrated inability to distinguish reasoned opinion, from baseless conjecture, makes any financial advice rendered by you, suspect.
Or, if those words were too big for you to understand-
Your opinion on money matters can't be trusted.P.S. To answer your question, I brought up your prior leasing comment as further evidence of bad financial advice. Others coming here, seeking help, will form their own opinion as to the relevance of your comments. I only hope they come upon this thread before your info costs them serious money.
Have a nice life.
Registered User
Joined: Oct 2003
Posts: 9,054
Likes: 3
From: Rio Grande Valley, New Mexico
Originally Posted by skeleton_cru
Cheryl happens to be a well respected, well liked, valued member of our community here Gumpo. For your unprovoked attack you have garnered one of g35drivers most coveted awards. I present to you g35driver's Jackass of the Month Award. Congrats my friend, you've earned it.
Registered User
Joined: Oct 2006
Posts: 2,873
Likes: 0
From: Land O' Lakes-North Star State
Originally Posted by skeleton_cru
Cheryl happens to be a well respected, well liked, valued member of our community here Gumpo. For your unprovoked attack you have garnered one of g35drivers most coveted awards. I present to you g35driver's Jackass of the Month Award. Congrats my friend, you've earned it.
Thread
Thread Starter
Forum
Replies
Last Post
alxmlr789
20 Inch
9
Jan 26, 2016 10:04 AM