Quote:
Originally Posted by shaffe
Yes those things will be the same for me for Car A or Car B- but they will be different for you than they are for me. That is what I am getting at. the only thing that would be the same for you and me would be the MSRP
But individual tax rates will vary, and when it is collected some peopled may or may not include that in their OTD price (because that is another thing a lot of people differ on for some reason)
If my brother in law and I buy the exact same car, the exact same day, from the same dealership get the same price, same financing deal his car is going to be more expensive OTD then mine is because of the county he lives in. Depending on the price of the car, that could range from a few hundred bucks to over a thousand dollars difference in the final OTD price.
Whiteboy, what is your sales tax rate if you bought a new car?
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I completely get what you are getting at, but again, no one on any of these forums are saying "I paid this (which includes taxes tags title, etc...)", so they are out of the equation. And for any given person, those factors are fixed, where the agreed upon price is not. I can shop around for different dealers to find a better deal, but I am not going to move to a differenet county or state to pay less in taxes.
So, when we talk about price in the fourms, it's a bit more "real world" to discuss MSRP +/- ADMs and discounts.
For example, I would include a $5000 incentive whent talking price, BUT I would not include a $1000 discount I personnaly got because I already own a Chevy (frequent buyer discount) or because I was in the military.
In other words, let's say you live where there is no sales tax, and I pay 6%. Then you buy a stripped out GT500 with no options, and I price a ZL1 optioned up to the same final cost not including taxes. You can't argue you got a better value becuase you paid less. Why? Because if I bought the GT500 and you bought the ZL1 you would STILL pay less.
In math terms, things like price and ADMs are VEHICLE depenedant, and taxes, tags, title are location dependant.
So, ADMs may convince me to buy another car, and incentives may convince me to buy this car, taxes won't make any person decide one car over another. It's not like you pay taxes on a Ford where you don't pay taxes on a Chevy... But, ADMs will most likely be paid on a GT500, where they won't be paid on a ZL1.
And I pay 6% Maryland sales tax on the car's cost MINUS trade-in value. So, if I buy a ZL1 and paid $70k and traded in a car for $20k, I pay 6% of $50k...