[Z06] "Its the final countdown..."
Thread Starter
Instructor
Joined: Jan 2002
Posts: 227
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From: CA
"Its the final countdown..."
Just looking through the forum like I usually do and decided to write this quick post because I am very excited. I have reached the 75% point of my savings and have set the date of July 15th to begin my official search/purchase of my next corvette; a 2003 Black Z06. So, my question to you out there, mainly Californians, what should I expect to pay in taxes, percentage wise? I am trying to figure out a final "out the door" price. I was thinking a $35K car with taxes would be $38K. Is that about right or am I off by a lot? Thanks!
Drifting
Joined: May 2004
Posts: 1,941
Likes: 1
From: Central CA
Originally Posted by C490Vette
Just looking through the forum like I usually do and decided to write this quick post because I am very excited. I have reached the 75% point of my savings and have set the date of July 15th to begin my official search/purchase of my next corvette; a 2003 Black Z06. So, my question to you out there, mainly Californians, what should I expect to pay in taxes, percentage wise? I am trying to figure out a final "out the door" price. I was thinking a $35K car with taxes would be $38K. Is that about right or am I off by a lot? Thanks!
here are some numbers.. to give you an idea.. using 8% sales tax.. some areas are more, some less
Price Tax Total
35000 2800 37800
36000 2880 38880
37000 2960 39960
38000 3040 41040
39000 3120 42120
40000 3200 43200
add I'd say $350-400 for registration..
Total for a 35k car would be around 38,200 give or take
Last edited by sandmanusd; Jun 20, 2005 at 05:34 AM.
Drifting
Joined: May 2004
Posts: 1,941
Likes: 1
From: Central CA
One thing to keep in mind.. if purchasing from out of state... you pay tax when bringing it to CA... if you pay tax in that state, lets say 7%.. and the tax where you live is 8%.. then when you register in CA, you have to pay the 1% difference to CA DMV.. but the opposite is not true.. if you pay 9% in other state, when you come to CA DMV where tax is 8%, you do not get anything back. The gubmn't taketh, but they surely don't giveth!
Make sure if you buy out of state, its stock... you need it to pass smog, so you can get it registered...
Make sure if you buy out of state, its stock... you need it to pass smog, so you can get it registered...
Drifting
Joined: May 2004
Posts: 1,941
Likes: 1
From: Central CA
Also, if you buy from private person, you pay the tax rate in your home town, where you register it.. if you buy it from a dealer, you pay tax there, and you will have to pay the local tax rate... could be good or bad depending on what your rate is
Racer
Joined: Sep 2004
Posts: 404
Likes: 0
From: Camp Pendleton CA
I bought my car in Texas and registered it there then had it shipped to Cali. Saved me thousands of dollars. But I don't believe you could do that.
Nice choice in year and color on your future Z06.
Nice choice in year and color on your future Z06.
Tech Contributor
Joined: Oct 1999
Posts: 41,037
Likes: 9,799
From: Charlotte, NC (formerly Endicott, NY)
Most states will not charge you sales tax if you are buying the car to register in another state. You only have to pay the tax in the state where you are going to register the car. I have purchased 4 cars out of state from dealers and private parties and have never had to pay the sales tax in the state the car came from.
Bill
Bill
Le Mans Master
Joined: Apr 2005
Posts: 6,600
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From: The problem with socialism is eventually the government runs out of other people's money
Originally Posted by sandmanusd
Also, if you buy from private person, you pay the tax rate in your home town, where you register it.. if you buy it from a dealer, you pay tax there, and you will have to pay the local tax rate... could be good or bad depending on what your rate is
Unless CA has changed in the last 2 years, you pay sales/use tax based on the county in which the car will be registered. So example, you buy the car in LA county 8.25% sales tax, live in Orange County, 7.75% sales tax, you pay the 7.75%. Doesn't matter if it's private party or dealer.
Drifting
Joined: May 2004
Posts: 1,941
Likes: 1
From: Central CA
Originally Posted by Bill Dearborn
Most states will not charge you sales tax if you are buying the car to register in another state. You only have to pay the tax in the state where you are going to register the car. I have purchased 4 cars out of state from dealers and private parties and have never had to pay the sales tax in the state the car came from.
Bill
Bill
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