New 2014 Turbo Ordered Today
Dec 12, 2013 | 08:44 PM
#21
Thread Starter
| Teamspeed Pro
Joined: Apr 2008
Posts: 2,314
From: Palo Alto, CA 94301
They cut me a check for $135K. The car changed title and the sale is done. I will have to pay the taxes on the full MSRP on the new 14' when it arrives. Taxes as always suck. You loose them when you sell a car and you pay when you buy another. Since the current 12' was sold now and the 14' won't arrive until April (Hope) it is basically two separate transactions. 8.75% in Santa Clara county plus registration that will be ~ $1500-$1600 I assume. The only good thing was my title on the 12' was up for renewal in January 12' of around $986.00. At least I didn't have to pay that. And they say CA is bankrupt.
Dec 12, 2013 | 08:50 PM
#22
Thread Starter
| Teamspeed Pro
Joined: Apr 2008
Posts: 2,314
From: Palo Alto, CA 94301
I bought it with 2100 miles on it for $138K a year ago. I think the original MSRP was ~ $164K. My new on is $30K more which is why they are giving good values to the 997.2 Turbo S car with low milage and two plus years on the warranty. They figure they can get it certified and get ~ $145K retail.
Dec 13, 2013 | 12:29 AM
#23
Teamspeed Junior Member
Joined: Nov 2008
Posts: 46
They cut me a check for $135K. The car changed title and the sale is done. I will have to pay the taxes on the full MSRP on the new 14' when it arrives. Taxes as always suck. You loose them when you sell a car and you pay when you buy another. Since the current 12' was sold now and the 14' won't arrive until April (Hope) it is basically two separate transactions. 8.75% in Santa Clara county plus registration that will be ~ $1500-$1600 I assume. The only good thing was my title on the 12' was up for renewal in January 12' of around $986.00. At least I didn't have to pay that. And they say CA is bankrupt.
Dec 13, 2013 | 11:22 AM
#24
Thread Starter
| Teamspeed Pro
Joined: Apr 2008
Posts: 2,314
From: Palo Alto, CA 94301
Dec 13, 2013 | 02:26 PM
#25
Teamspeed Rookie
Joined: Dec 2013
Posts: 18
From: SE USA
Does California allow you to save on sales tax by taking into account the value of a trade?
I'm talking to a dealer who says they will:
1) take my trade early
2) give me a check for an amount slightly less than the trade
3) sales tax calculated at new car price less full trade
4) I give them a check for amount of new car less the amount not given to me in the check in step 2
I'm talking to a dealer who says they will:
1) take my trade early
2) give me a check for an amount slightly less than the trade
3) sales tax calculated at new car price less full trade
4) I give them a check for amount of new car less the amount not given to me in the check in step 2
Dec 13, 2013 | 04:16 PM
#26
Thread Starter
| Teamspeed Pro
Joined: Apr 2008
Posts: 2,314
From: Palo Alto, CA 94301
Does California allow you to save on sales tax by taking into account the value of a trade?
I'm talking to a dealer who says they will:
1) take my trade early
2) give me a check for an amount slightly less than the trade
3) sales tax calculated at new car price less full trade
4) I give them a check for amount of new car less the amount not given to me in the check in step 2
I'm talking to a dealer who says they will:
1) take my trade early
2) give me a check for an amount slightly less than the trade
3) sales tax calculated at new car price less full trade
4) I give them a check for amount of new car less the amount not given to me in the check in step 2
I am going to take the $135K and go to Vegas and put in all in on one hand of 21. Wish me luck!!
Just Kidding.
Dec 14, 2013 | 01:25 AM
#27
Teamspeed Junior Member
Joined: Nov 2008
Posts: 46
Does California allow you to save on sales tax by taking into account the value of a trade?
I'm talking to a dealer who says they will:
1) take my trade early
2) give me a check for an amount slightly less than the trade
3) sales tax calculated at new car price less full trade
4) I give them a check for amount of new car less the amount not given to me in the check in step 2
I'm talking to a dealer who says they will:
1) take my trade early
2) give me a check for an amount slightly less than the trade
3) sales tax calculated at new car price less full trade
4) I give them a check for amount of new car less the amount not given to me in the check in step 2
