Luxury Tax

DaveStinsman · 09-15-2007, 02:52 PM

How many have had to pay the US Luxury Tax? How much did that add to your final cost?

Potty_Pants · 09-15-2007, 02:58 PM

i paid it on my bmw (nj) 46k ish
didnt pay it on my infiniti 40k

i believe it was around 400 ... it wasnt alot .

ppp

DaveStinsman · 09-15-2007, 03:16 PM

How is the amount figured? Why did you have to pay on one car and not the other? I thought it was any vehicle over $30,000.

Orient330iNYC · 09-15-2007, 03:50 PM

check with your state... the federal luxury tax went away in 2002....

for ex, nj charges one at the state level:
Effective July 15, 2006, new car dealerships will be responsible for collecting a 0.4% surcharge on the sale of new
passenger vehicles, light trucks, SUVs, or vans for which the following conditions apply:
1. The gross sales/lease price of the new vehicle is $45,000 or greater, before trade-in, manufacturers
rebates, or additional Handicapped Driver Adaptive Equipment.
AND/OR
2. The new vehicle has an average EPA mile/gallon (city and highway) rating of less than 19.

NY does not, so i did not have to pay a lux tax on my car even though its from a NJ dealer.

Mace · 09-15-2007, 07:29 PM

And the justification for this tax is.........????

achien · 09-15-2007, 07:30 PM

We just got screwed in Canada, there is a $4k gas tax just levied on those "gas-guzzling" vehicles sold after April of this year.

Jaws · 09-15-2007, 07:53 PM

Quote:

Originally Posted by achien

We just got screwed in Canada, there is a $4k gas tax just levied on those "gas-guzzling" vehicles sold after April of this year.

Just buy a pick up, they're exempt

But really, there are not many cars that get hit and the maximum is $4k, but it can be any increment of $1000 starting at $1000. The only BMWs that get hit are the M5/6 and 760 and even then it isn't for the full $4k. The only cars that are $4k taxed are from Ferrari, Lamborghini, Bentley and Rolls. All Vettes are excempt.

Tag · 09-15-2007, 07:53 PM

Quote:

Originally Posted by achien

We just got screwed in Canada, there is a $4k gas tax just levied on those "gas-guzzling" vehicles sold after April of this year.

They consider the e92 a gas guzzler?

Jaws · 09-15-2007, 08:04 PM

Quote:

Originally Posted by tag824

They consider the e92 a gas guzzler?

No.

DaveStinsman · 09-15-2007, 10:12 PM

Quote:

Originally Posted by Orient330iNYC

check with your state... the federal luxury tax went away in 2002....

for ex, nj charges one at the state level:
Effective July 15, 2006, new car dealerships will be responsible for collecting a 0.4% surcharge on the sale of new
passenger vehicles, light trucks, SUVs, or vans for which the following conditions apply:
1. The gross sales/lease price of the new vehicle is $45,000 or greater, before trade-in, manufacturers
rebates, or additional Handicapped Driver Adaptive Equipment.
AND/OR
2. The new vehicle has an average EPA mile/gallon (city and highway) rating of less than 19.

NY does not, so i did not have to pay a lux tax on my car even though its from a NJ dealer.

I may be in the sameboat as you. I bought my car in NJ but I live in PA. The question now is. Does PA charge the Luxury Tax?

RobM · 09-15-2007, 10:13 PM

Quote:

Originally Posted by DaveStinsman

I may be in the sameboat as you. I bought my car in NJ but I live in PA. The question now is. Does PA charge the Luxury Tax?

I don't think so. I didn't pay on mine.

Taittinger · 09-15-2007, 10:22 PM

If you have to ask...

DaveStinsman · 09-15-2007, 10:44 PM

Quote:

Originally Posted by Taittinger

If you have to ask...

That's the problem. The dealer wants to charge me the Luxury Tax. He knows I live in PA. I'm just doing a little searching before I have to pay for the car.

achien · 09-16-2007, 09:33 AM

Quote:

Originally Posted by tag824

They consider the e92 a gas guzzler?

Yes, there is a gas-penalty ranging from $1k to $4k for cars that have high MPG average. SUV, Turbo, and Supercharge cars are the main target for the tax collectors.

Quote:

Originally Posted by Jaws

No.

yomash · 09-17-2007, 05:32 AM

Pay it with Monopoly money

ok, to add something to the thread: I didnt have to pay that, I had the .0xxx % surcharge for VA.

IrvRobinson · 09-17-2007, 09:35 AM

In Illinois there is no luxury tax on vehicles.

saosinned · 09-17-2007, 12:21 PM

Quote:

Originally Posted by IrvRobinson

In Illinois there is no luxury tax on vehicles.

Just double tax if you buyout a lease and apparently a 6% leasing fees if it's registered in Chicago. :mad:

They always have some way of getting you (in addition to income, property, death, sales, and countless other taxes).

09-15-2007, 02:52 PM	#1
DaveStinsman Private First Class 8 Rep 147 Posts Drives: 2003 Tiburon Join Date: Mar 2007 Location: PA iTrader: (0)	Luxury Tax How many have had to pay the US Luxury Tax? How much did that add to your final cost? __________________ 2008 Montego Blue Sedan- Black leather with alum. trim, Step, Active Steering, Paddles, Comfort Access, Sun Shades, Park Distance Control, Nav, HD Radio, IPod & USB adapter, Cold Weather, Premium, Sport.
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09-15-2007, 02:58 PM	#2
Potty_Pants Colonel 71 Rep 2,189 Posts Drives: 2012 Genesis Sedan Rspec Join Date: Apr 2007 Location: Southern NJ iTrader: (0)	i paid it on my bmw (nj) 46k ish didnt pay it on my infiniti 40k i believe it was around 400 ... it wasnt alot . ppp __________________ Olds Starfire > Chevy Malibu > Isuzu I-mark RS & Honda Magna 500 > Grand Am GT & YSR50 > Nissan Maxima & Ninja 750 > X-Wife > Hyundai Excel > Honda Prelude > Honda Accord > Honda Prelude & Ninja 250> Infiniti G35 > E90 335i > Hyundai Genesis Rspec, Hyunadai Sonata > Kia Sorento > Honda CRV-EX
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09-15-2007, 03:16 PM	#3
DaveStinsman Private First Class 8 Rep 147 Posts Drives: 2003 Tiburon Join Date: Mar 2007 Location: PA iTrader: (0)	How is the amount figured? Why did you have to pay on one car and not the other? I thought it was any vehicle over $30,000. __________________ 2008 Montego Blue Sedan- Black leather with alum. trim, Step, Active Steering, Paddles, Comfort Access, Sun Shades, Park Distance Control, Nav, HD Radio, IPod & USB adapter, Cold Weather, Premium, Sport.
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09-15-2007, 03:50 PM	#4
Orient330iNYC Brigadier General 1948 Rep 4,224 Posts Drives: 2023 X7 40i Join Date: Apr 2007 Location: Wall St iTrader: (2)	check with your state... the federal luxury tax went away in 2002.... for ex, nj charges one at the state level: Effective July 15, 2006, new car dealerships will be responsible for collecting a 0.4% surcharge on the sale of new passenger vehicles, light trucks, SUVs, or vans for which the following conditions apply: 1. The gross sales/lease price of the new vehicle is $45,000 or greater, before trade-in, manufacturers rebates, or additional Handicapped Driver Adaptive Equipment. AND/OR 2. The new vehicle has an average EPA mile/gallon (city and highway) rating of less than 19. NY does not, so i did not have to pay a lux tax on my car even though its from a NJ dealer. __________________ Present: 2023 G07 40i ZDH/ZDU/ZMP/ZMQ/2NH/ZPK/ZPP/ZRC/300/3AC Past: 2013 335i 6MT ZMM/ZDH/ZTP/3AG/494/508 Past: 2016 F34 335i xDrive ZCW/ZDA/ZDH/ZTP/ZMP/2V5/5DL Past: 2019 G01 M40i ZDA/2VF/ZPP/ZPX/688/3AC
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09-15-2007, 07:29 PM	#5
Mace Second Lieutenant 2 Rep 239 Posts Drives: '11 E93 M3 Join Date: Mar 2007 Location: FL iTrader: (0)	And the justification for this tax is.........????
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09-15-2007, 07:30 PM	#6
achien AC 102 Rep 2,387 Posts Drives: E90 Post Members Crazy Join Date: May 2007 Location: Toronto, Canada iTrader: (0)	We just got screwed in Canada, there is a $4k gas tax just levied on those "gas-guzzling" vehicles sold after April of this year. __________________ Your Supreme Leader
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09-15-2007, 10:22 PM	#12
Taittinger Major 57 Rep 1,019 Posts Drives: Monaco Blue E92 Join Date: Sep 2006 Location: NJ iTrader: (0) Garage List 2007 335i Cpe [0.00]	If you have to ask... __________________ '07 Monaco Blue 335i ordered 9/4 built 9/21 shipped 9/28 arrived 10/12 at dealership 10/18 vroom 10/19 christened 11/3...
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09-17-2007, 05:32 AM	#15
yomash Second Lieutenant 7 Rep 264 Posts Drives: X5 Join Date: Apr 2007 Location: NoVA iTrader: (0)	Pay it with Monopoly money ok, to add something to the thread: I didnt have to pay that, I had the .0xxx % surcharge for VA. __________________ 2012 e70 X5 xDrive35i M package Carbon Black pervious: 2011 X3 28i \| 2007 e92 335i coupe \| 2008 e90 328xi Sedan \| 2002 e46 M3 coupe \| 2003 Z4 3.0
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09-17-2007, 09:35 AM	#16
IrvRobinson Banned 39 Rep 731 Posts Drives: X3 Join Date: Jul 2006 Location: Chicago iTrader: (0)	In Illinois there is no luxury tax on vehicles.
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