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Jun 27, 2006 11:31:20 AM
Quote:
Tired said:
called 4 dealers trying to sell a loaded 997S with 5000 miles. Told each of them I would sell to best offer. Not a single call back! Thought it would be easier to sell to them rather than dealing directly with buyers. I guess the new ones are moving too fast to interest anyone in a used vehicle. Never would have guessed sale would be a problem.
Jun 27, 2006 1:19:50 PM
Jun 27, 2006 1:28:16 PM
Jun 27, 2006 5:28:19 PM
Jun 28, 2006 3:43:12 AM
Quote:
69bossnine said:
When a person trades in their car, they benefit HUGELY from the sales-tax-relief that the value of the trade represents. For instance, if you traded your 5,000 mile 997S in for $65K on a $90K new 997S, you would only have to pay tax on $25K, effectively saving you $4550 (based on 7% tax) on the purchase.
Quote:
PS CA said:Quote:
69bossnine said:
When a person trades in their car, they benefit HUGELY from the sales-tax-relief that the value of the trade represents. For instance, if you traded your 5,000 mile 997S in for $65K on a $90K new 997S, you would only have to pay tax on $25K, effectively saving you $4550 (based on 7% tax) on the purchase.
Not in California. They write up the deal on the new car adding the sales tax to the purchase price of the car. They then treat the trade-in like a down payment. In other words they subtract the value of the trade-in from the total that included tax. Even if you sell your car to a private party, they have to pay sales tax on the price you charged them. California can collect a lot of tax from one car over its lifetime......from the original purchaser and all subsequent purchasers.
Phil
Jun 28, 2006 4:47:34 PM
Quote:Before my retirement I was the used car manager/buyer for a moderately large BMW dealership and if I would have received such an offer to purchase a car I would have done the same thing, ignored it.
MattTheCarNut said:Quote:
Tired said:
called 4 dealers trying to sell a loaded 997S with 5000 miles. Told each of them I would sell to best offer. Not a single call back! Thought it would be easier to sell to them rather than dealing directly with buyers. I guess the new ones are moving too fast to interest anyone in a used vehicle. Never would have guessed sale would be a problem.
No, that usually means the new ones are moving too slowly. Interesting...
Quote:
PS CA said:Quote:
69bossnine said:
When a person trades in their car, they benefit HUGELY from the sales-tax-relief that the value of the trade represents. For instance, if you traded your 5,000 mile 997S in for $65K on a $90K new 997S, you would only have to pay tax on $25K, effectively saving you $4550 (based on 7% tax) on the purchase.
Not in California. They write up the deal on the new car adding the sales tax to the purchase price of the car. They then treat the trade-in like a down payment. In other words they subtract the value of the trade-in from the total that included tax. Even if you sell your car to a private party, they have to pay sales tax on the price you charged them. California can collect a lot of tax from one car over its lifetime......from the original purchaser and all subsequent purchasers.
Phil
Quote:
Jim48 said:
Ditto for Virginia. The 3% titling tax (not a sales tax) is on the price of the car you are buying, not on the net after trade-in
Jim
Jun 29, 2006 1:35:40 AM
Quote:
MattTheCarNut said:Quote:
Tired said:
called 4 dealers trying to sell a loaded 997S with 5000 miles. Told each of them I would sell to best offer. Not a single call back! Thought it would be easier to sell to them rather than dealing directly with buyers. I guess the new ones are moving too fast to interest anyone in a used vehicle. Never would have guessed sale would be a problem.
No, that usually means the new ones are moving too slowly. Interesting...
Jun 29, 2006 1:46:31 AM
Quote:
PS CA said:
Not in California. They write up the deal on the new car adding the sales tax to the purchase price of the car. They then treat the trade-in like a down payment. In other words they subtract the value of the trade-in from the total that included tax. Even if you sell your car to a private party, they have to pay sales tax on the price you charged them. California can collect a lot of tax from one car over its lifetime......from the original purchaser and all subsequent purchasers.
Phil
Quote:
nberry said:Quote:
MattTheCarNut said:Quote:
Tired said:
called 4 dealers trying to sell a loaded 997S with 5000 miles. Told each of them I would sell to best offer. Not a single call back! Thought it would be easier to sell to them rather than dealing directly with buyers. I guess the new ones are moving too fast to interest anyone in a used vehicle. Never would have guessed sale would be a problem.
No, that usually means the new ones are moving too slowly. Interesting...
In Autoweek, the magazine drove a 2005 Carrera S for one year. It cost $90,555 new and the trade in number they were given was $58,725. Considering the mileage of the S they were turning in, the depreciation was $1.11 per mile.
In this weeks issue, there was a couple of letters to the editior indicating their dissatisfaction with Porsche resale value and not wanting to buy another new one.
Quote:
Tired said:
called 4 dealers trying to sell a loaded 997S with 5000 miles. Told each of them I would sell to best offer. Not a single call back! Thought it would be easier to sell to them rather than dealing directly with buyers. I guess the new ones are moving too fast to interest anyone in a used vehicle. Never would have guessed sale would be a problem.
Quote:
Tired said:
$95,000 invoice.
$82,000 is what I was looking for.
Jun 30, 2006 2:26:12 PM
Jun 30, 2006 3:26:03 PM
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