Used or new car?

[samclem]

Or if you buy from a private seller, you can both write in a low sales price - and pay less sales tax.

Would you advise people to steal from stores and neighborhood houses, or just from the state (and, thereby, other taxpayers?)

 

[FinanceDude]

Or if you buy from a private seller, you can both write in a low sales price - and pay less sales tax.

Sounds like you've done that, which btw is illegal. Plus, you have an accomplice, the buyer. A guy in town who USED to own a used car lot did that (dumb). The state shut him down in less than 48 hours.......I guess you never know who might brag about screwing the state, and when.....

 

[Hobo]

Would you advise people to steal from stores and neighborhood houses, or just from the state (and, thereby, other taxpayers?)

Yes, it is my form of civil disobedience. A used car has already paid a lot ton of taxes in California - the government doesn't get a second whack at my wallet on a used car.

Do you pay taxes on things sold at a garage sale?

 

[REWahoo]

Or if you buy from a private seller, you can both write in a low sales price - and pay less sales tax.

Some states have passed (anti-Hobo ) laws and use a program to determine the value of a used car. Texas for example:

Texans who purchase used motor vehicles, including cars, trucks and motorcycles, from private parties will owe tax on the Standard Presumptive Value. This value is the calculated price of a vehicle’s worth based on similar sales in the Texas region. The value applies whether you buy the vehicle in Texas or another state. The sales tax you owe is based on that amount – even if you paid less for the vehicle. If you paid more for your vehicle than the SPV amount, you owe sales tax on the vehicle’s actual purchase price.

 

[yakers]

I hate underpowered cars. There are hills and mountains all around me, and it just doesn't work out. I have a Subaru Impreza which is pretty good, but I wish I had paid up for the WRX with turbo. Years ago I had a Saab 3 cylindar 2 cycle. My wife's aunt and uncle were visiting. I had to ask them to walk up the long drive where I could pick them up, because my car didn't have the torque to handle the extra 400 #. Embarrassed me totally.

Ha

I remember that car, roommate in college had one, suicide doors. No starter so we left it on a hill near the dorm, always started, smoked and was really fun & different.

 

[Hobo]

Some states have passed (anti-Hobo ) laws and use a program to determine the value of a used car. Texas for example:

Texans who purchase used motor vehicles, including cars, trucks and motorcycles, from private parties will owe tax on the Standard Presumptive Value. This value is the calculated price of a vehicle’s worth based on similar sales in the Texas region. The value applies whether you buy the vehicle in Texas or another state. The sales tax you owe is based on that amount – even if you paid less for the vehicle. If you paid more for your vehicle than the SPV amount, you owe sales tax on the vehicle’s actual purchase price.

This is WAY OFF THE SUBJECT, and maybe I am getting to be a crotchety old man, but this is another reason why I retired over-seas - in an undeveloped country. Computers, bureaucracy and the oppressive tax system has not yet hit many of these countries.

From the time I land at LAX and must pass through the long lines of customs while "big brother" speakers blare announcements telling you all the rules - and the punishment if you are caught, I fell like a slave. Really. I must wait in long, long lines just to get my passport checked. Of course leaving the country is like going getting into and out of prison with all the security and checkpoints.

It isn't like that in Singapore. You flash your passport to a waiting clerk, (while listening to pleasant music), get a smile and a stamp, pick up your bags waiting at the carousel, and walk to the nearby elevator that takes you to the subway system.

It is true, REWahoo, there are too many "anti-Hobo laws" in the US to suit me. I wonder how long we can brag we live with freedom, and liberty - and not know the true meaning of these terms nor realize we have lost many of them.

 

[REWahoo]

From the time I land at LAX and must pass through the long lines of customs while "big brother" speakers blare announcements telling you all the rules - and the punishment if you are caught, I fell like a slave. Really. I must wait in long, long lines just to get my passport checked. Of course leaving the country is like going getting into and out of prison with all the security and checkpoints.

It isn't like that in Singapore.

No, it apparently isn't:

Aspects of Singapore law are perceived to be harsh. Certain laws such as the Internal Security Act[3] (which authorizes detention without trial in certain circumstances) and the Societies Act[4] (which regulates the formation of associations) that were enacted during British rule in Singapore...

...Singapore society is highly regulated through the criminalization of many activities which are considered as fairly harmless in other countries. These include failing to flush toilets after use, littering, jaywalking, the possession of pornography,the sale of chewing gum...

Singapore retains both corporal punishment (in the form of caning) and capital punishment (by hanging) as punishments for serious offences. For certain offences, the imposition of these penalties is mandatory.Law of Singapore - Wikipedia

 

[kumquat]

Cummon REW, don't try to confuse us with facts.

 

[FinanceDude]

No, it apparently isn't:

Aspects of Singapore law are perceived to be harsh. Certain laws such as the Internal Security Act[3] (which authorizes detention without trial in certain circumstances) and the Societies Act[4] (which regulates the formation of associations) that were enacted during British rule in Singapore...

...Singapore society is highly regulated through the criminalization of many activities which are considered as fairly harmless in other countries. These include failing to flush toilets after use, littering, jaywalking, the possession of pornography,the sale of chewing gum...

Singapore retains both corporal punishment (in the form of caning) and capital punishment (by hanging) as punishments for serious offences. For certain offences, the imposition of these penalties is mandatory.Law of Singapore - Wikipedia

 

[FinanceDude]

Yes, it is my form of civil disobedience. A used car has already paid a lot ton of taxes in California - the government doesn't get a second whack at my wallet on a used car.

Move out of California, and that will change.......

Do you pay taxes on things sold at a garage sale?

There's a place to put it on your 1040, you mean you don't report that either??

 

[samclem]

The used car didn't pay any taxes.

I've got more respect for acts of "civil disobedience" that entail some actual cost to the "disobeyer". When it looks more like "stealing" I tend to think that's probably what it is.

Ah, Singapore, a model of personal freedom for other nations. It has some good points, but the rights and freedoms afforded individuals would not be primary among them.

 

[Hobo]

The used car didn't pay any taxes.

I've got more respect for acts of "civil disobedience" that entail some actual cost to the "disobeyer". When it looks more like "stealing" I tend to think that's probably what it is.

Ah, Singapore, a model of personal freedom for other nations. It has some good points, but the rights and freedoms afforded individuals would not be primary among them.

The new car paid a whole lot of taxes - the used car has already been taxed. The cost the "disobeyer" is jail. If a tax is wrong, then avoiding it is not stealing.

I used the Singapore airport as contrasted to LAX. I never spoke one word about the country of Singapore. Please read a little more carefully.

 

[Hobo]

There's a place to put it on your 1040, you mean you don't report that either??

Hey, hate to wake you up, but the subject is State Sales Tax! Hello
Come on - tell you you report income from a garage sale on your 1040...Do you send yourself a 1099 too?

 

[FinanceDude]

Hey, hate to wake you up, but the subject is State Sales Tax! Hello

Oops...........

Come on - tell you you report income from a garage sale on your 1040...Do you send yourself a 1099 too?

No, but then buying my neighbor's old tools doesn't involve titling them.............

 

[bright eyed]

Finally pulled the trigger yesterday!

I got a clean bill of health for leased car from the inspector, immediately emailed the local dealers to see what they were asking for the car I wanted.

It was a lot of fun - had them call on the phone, got emails while I was on the phone with dealers and they were trying to outbid each other. Finally found the winner at a local dealer, for $780 under invoice for everything i wanted! yee haw.

$21,600 before TTF
2.9% apr on 60 mths
1000 additional rebate from m*zda

so $20,600 plus financing, tax etc it's about $22,600 OTD for the 2009 model.

The car is great, fun to drive, fits everything we need and so far the zoom is adequate.

We'll see how it does on a road trip to norcal later this month loaded with 2 big boys, dog and all our stuff...

 

[FinanceDude]

Finally pulled the trigger yesterday!

I got a clean bill of health for leased car from the inspector, immediately emailed the local dealers to see what they were asking for the car I wanted.

It was a lot of fun - had them call on the phone, got emails while I was on the phone with dealers and they were trying to outbid each other. Finally found the winner at a local dealer, for $780 under invoice for everything i wanted! yee haw.

$21,600 before TTF
2.9% apr on 60 mths
1000 additional rebate from m*zda

so $20,600 plus financing, tax etc it's about $22,600 OTD for the 2009 model.

The car is great, fun to drive, fits everything we need and so far the zoom is adequate.

We'll see how it does on a road trip to norcal later this month loaded with 2 big boys, dog and all our stuff...

WHich MAzda??

 

[bright eyed]

Cinco grand touring...