Registration and Sales Tax Questions
12-31-07, 03:19 PM
#1
Racer
Thread Starter
Registration and Sales Tax Questions
I recently moved to CA and I had 2 questions concerning trading a vehicle in to a dealership.
My current registration expires at the end of June 2008. If I trade the vehicle in to a dealership, will the DMV apply the credit from the old registration over to the new registration? Or do I lose it?
Also when trading a vehicle in on a new one, will the difference in price from trade in to the new one get the sales tax credit for what the trade in was worth applied towards the new one?
Thanks
My current registration expires at the end of June 2008. If I trade the vehicle in to a dealership, will the DMV apply the credit from the old registration over to the new registration? Or do I lose it?
Also when trading a vehicle in on a new one, will the difference in price from trade in to the new one get the sales tax credit for what the trade in was worth applied towards the new one?
Thanks
12-31-07, 04:01 PM
#2
Lexus Diva
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I recently moved to CA and I had 2 questions concerning trading a vehicle in to a dealership.
My current registration expires at the end of June 2008. If I trade the vehicle in to a dealership, will the DMV apply the credit from the old registration over to the new registration? Or do I lose it?
My current registration expires at the end of June 2008. If I trade the vehicle in to a dealership, will the DMV apply the credit from the old registration over to the new registration? Or do I lose it?
Sorry, but you will lose the remaining registration. The new owner of your car will benefit from it.
Taxes will get you no matter what, I know it sucks.
12-31-07, 06:29 PM
#3
Racer
Thread Starter
Thanks. Wow, that's like a $3500.00 hit I would take by doing a trade in. No wonder there are so many old cars on the road in this state. Well that and the fact the registration costs here are very high on newer vehicles is no doubt another reason for all the old vehicles on the road around here.
01-01-08, 07:10 PM
#4
welcome to CA and the "suck" about these registrations and tax.
but then again, i can tell you for a fact that there are still tons of people getting new cars left and right about 300 new cars leave each lexus dealership every month, and you can count how many major lexus dealers we have in socal 
and then imagine mb and bmw 
but then again, i can tell you for a fact that there are still tons of people getting new cars left and right
about 300 new cars leave each lexus dealership every month, and you can count how many major lexus dealers we have in socal and then imagine mb and bmw
01-01-08, 11:19 PM
#5
Racer
Thread Starter
welcome to CA and the "suck" about these registrations and tax.
but then again, i can tell you for a fact that there are still tons of people getting new cars left and right about 300 new cars leave each lexus dealership every month, and you can count how many major lexus dealers we have in socal and then imagine mb and bmw
but then again, i can tell you for a fact that there are still tons of people getting new cars left and right
about 300 new cars leave each lexus dealership every month, and you can count how many major lexus dealers we have in socal and then imagine mb and bmw I'm still glad to be here and not have to deal with all the road salt and slop that they love to waste on the roads back there when there is any chance of snow in the forecast. Sounds like the best thing to do out here is to lease a car for 2-3 years since then I would only be paying sales tax on the monthly payment. I get bored with the same vehicle after about 2 years.
01-01-08, 11:27 PM
#6
I'm still glad to be here and not have to deal with all the road salt and slop that they love to waste on the roads back there when there is any chance of snow in the forecast. Sounds like the best thing to do out here is to lease a car for 2-3 years since then I would only be paying sales tax on the monthly payment. I get bored with the same vehicle after about 2 years.
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