Luxury Tax?

nusevad · 04-11-2008, 10:26 PM

Hey guys, is this true that NJ has a luxury tax on vehicles sold over $45,000? My CA said there is such a tax and its like 0.005% of the cost of vehicle. Am i being dicked around or is this true?

Bimmer335i07 · 04-11-2008, 10:33 PM

Quote:

Originally Posted by FifthStreetz

Hey guys, is this true that NJ has a luxury tax on vehicles sold over $45,000? My CA said there is such a tax and its like 0.005% of the cost of vehicle. Am i being dicked around or is this true?

Dave, if I remember correctly your SA is not lying to you.

Alex@AKMotorwerk · 04-11-2008, 10:42 PM

Quote:

Originally Posted by FifthStreetz

Hey guys, is this true that NJ has a luxury tax on vehicles sold over $45,000? My CA said there is such a tax and its like 0.005% of the cost of vehicle. Am i being dicked around or is this true?

he's 100% right... any car sold over $45k gets an added "luxury" tax

F87LUV · 04-11-2008, 10:44 PM

thats what happens when youre a baller

nusevad · 04-11-2008, 10:45 PM

Thanks guys, i did some research and yea i guess its true. Im a noob at buying cars so excuse my ignorance. It is 0.4% not that bad.

Bimmer335i07 · 04-11-2008, 11:11 PM

Quote:

Originally Posted by FifthStreetz

Thanks guys, i did some research and yea i guess its true. Im a noob at buying cars so excuse my ignorance. It is 0.4% not that bad.

Just for that, I'm borrowing your car for 1 day. lol!

e90fanatic · 04-11-2008, 11:13 PM

lol...it's very minimal but NJ needs it badly. so many fuking potholes and things to fix. just went to nj taxation website and it looks so ghetto like a home made website.

Craig@SupremePower · 04-11-2008, 11:20 PM

Quote:

Originally Posted by e90fanatic

lol...it's very minimal but NJ needs it badly. so many fuking potholes and things to fix. just went to nj taxation website and it looks so ghetto like a home made website.

Yeah except they don't fix a damn thing!!!

e90fanatic · 04-11-2008, 11:55 PM

yea. unfortunately. Does anybody know of a e90 328 or 325 with purple halogens? That guy just can't drive! I saw him/her on turnpike tonight and can't even go straight!!

But every time I go out, I see lots of cars that should have been ticketed. That's definitely one way for them to get $$$. The law enforcement in Toronto is much stronger and ticket almost anything!!

Sal@AUTOcouture · 04-12-2008, 09:25 AM

It used to be called the luxury tax. Now its called the "NJ Supplimental Fee" and is .4% of the value of the car. Essentially, you are/ will be paying 7.4% tax on your M3. The Supplimental Fee is charged to all cars with a selling price of $45,000+

itsbrokeagain · 04-12-2008, 10:02 AM

that blows.

itsbrokeagain · 04-12-2008, 10:03 AM

guessed I missed out on it...I got my car for $42k lol.

Alex@AKMotorwerk · 04-12-2008, 10:08 AM

Quote:

Originally Posted by itsbrokeagain

guessed I missed out on it...I got my car for $42k lol.

+1 here... missed it by a few grand! haha

04-11-2008, 10:26 PM	#1
nusevad O! So Sour!! 556 Rep 15,612 Posts Drives: Fast 240z / Slow M3 Join Date: Apr 2007 Location: 'Merica! iTrader: (24) Garage List 1971 Datsun 240z [0.00] 2008 M3 [9.60]	Luxury Tax? Hey guys, is this true that NJ has a luxury tax on vehicles sold over $45,000? My CA said there is such a tax and its like 0.005% of the cost of vehicle. Am i being dicked around or is this true? __________________
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04-11-2008, 10:44 PM	#4
F87LUV Lieutenant General 3973 Rep 15,132 Posts Drives: '16 M2, '23 GT4 Join Date: May 2007 Location: NJ iTrader: (4) Garage List 2025 BMW Z4 M40i [10.00] 2016 BMW M2 [8.93]	thats what happens when youre a baller __________________ IG: Trackinheels
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04-11-2008, 10:45 PM	#5
nusevad O! So Sour!! 556 Rep 15,612 Posts Drives: Fast 240z / Slow M3 Join Date: Apr 2007 Location: 'Merica! iTrader: (24) Garage List 1971 Datsun 240z [0.00] 2008 M3 [9.60]	Thanks guys, i did some research and yea i guess its true. Im a noob at buying cars so excuse my ignorance. It is 0.4% not that bad. __________________
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04-11-2008, 11:13 PM	#7
e90fanatic Absolute0 172 Rep 5,078 Posts Drives: Has a Roundel Join Date: Apr 2005 Location: TO/HK/NJ iTrader: (6)	lol...it's very minimal but NJ needs it badly. so many fuking potholes and things to fix. just went to nj taxation website and it looks so ghetto like a home made website. __________________ To procede or not to procede......
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04-11-2008, 11:55 PM	#9
e90fanatic Absolute0 172 Rep 5,078 Posts Drives: Has a Roundel Join Date: Apr 2005 Location: TO/HK/NJ iTrader: (6)	yea. unfortunately. Does anybody know of a e90 328 or 325 with purple halogens? That guy just can't drive! I saw him/her on turnpike tonight and can't even go straight!! But every time I go out, I see lots of cars that should have been ticketed. That's definitely one way for them to get $$$. The law enforcement in Toronto is much stronger and ticket almost anything!! __________________ To procede or not to procede......
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04-12-2008, 09:25 AM	#10
Sal@AUTOcouture 744 Rep 10,106 Posts Drives: E93 M3, E36 M3 Join Date: Feb 2007 Location: Sofla iTrader: (30)	It used to be called the luxury tax. Now its called the "NJ Supplimental Fee" and is .4% of the value of the car. Essentially, you are/ will be paying 7.4% tax on your M3. The Supplimental Fee is charged to all cars with a selling price of $45,000+
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04-12-2008, 10:02 AM	#11
itsbrokeagain 311 Rep 15,745 Posts Drives: 1999 528iT, E53 X5, E46 325xi Join Date: Mar 2007 Location: Strong Island iTrader: (7)	that blows.
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04-12-2008, 10:03 AM	#12
itsbrokeagain 311 Rep 15,745 Posts Drives: 1999 528iT, E53 X5, E46 325xi Join Date: Mar 2007 Location: Strong Island iTrader: (7)	guessed I missed out on it...I got my car for $42k lol.
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