Just F Me

thank god...I remember a few years ago when they jacked up the car registration fees here in cali...it was like 800 to register my car that year...

maybe you don't own it...so you don't have to pay?

then again, what if it's a loan and you're making payments...at that point you still don't own it?

boostftw

iTrader: (3)

speak of the devil... just got this in the mail yesterday from CA DMV:

crazymikie

In MA, they base the excise tax off the original MSRP of the base model of the vehicle and it depreciates over the next 5 years. It's a 2.5% tax off the adjusted value. In the first year, it's 100% of the MSRP, the 90%, then 75%, 60% and I think it finally bottoms out at 10%.

Luckily, I think the IS-F gets lumped in with the Lexus IS, so the value is relatively, low. My excise tax for this year on my 2008 was $140. So I think the original MSRP comes to $35k or something.

Same thing happened with the CTS-V- it was listed as a generic CTS, so the MSRP was a lot lower than if they did it by specific model.

Of course, you get screwed with some cars- for example, a Subaru WRX STi gets taxed at $30k+ for MSRP.

I hate this state.

crazymikie

The leasing company pays it but it's usually just added into the lease payment one way or another. It's only the first 2-3 years that the excise tax is really bad. On a $30k car, you are looking at $750 for the first year and $675 for the second year.