Will this 2016 2LT/RS be worth 15k in 5 years from now? - Page 3

jasonsk287 · 09-13-2016, 07:08 PM

Quote:

Originally Posted by Ant

Apparently you get taxed before rebates and incentives.

I'm not sure about that. When I was in talks with my local dealer regarding a 2016 1LT last month (which I decided against because it was a 2.0T and I really want a V6), he was doing calculations with me and he subtracted the bonus tag incentive before he did taxes.

SCullen · 09-13-2016, 07:11 PM

In Texas, your trade-in reduces the selling price. So you are taxed on the discounted selling price minus the trade-in value.

jasonsk287 · 09-13-2016, 08:25 PM

I looked at the link posted by bballr4567 above, and apparently I was wrong about NYS taxing vehicles. They do tax before the rebates are applied. I was getting confused because trade-in equities reduce the taxable amount. In that case, everything you mentioned seems fine to me.

wal-dog · 09-13-2016, 08:29 PM

I traded in my 5+ year old 2011 1LT RS with 72k miles and got 14k. I say yes

Thompyt · 09-13-2016, 08:59 PM

Quote:

Originally Posted by Ant

It's $33,535 before taxes. I'm getting taxed on the $41k.

What should I aim for, price wise?

I'd shoot for 34 out the door maybe 35

09-13-2016, 07:11 PM	#30
SCullen Converts Oxygen to CO2 Drives: 2016 Black SS Convertable Join Date: Nov 2011 Location: Keller, Texas Posts: 170	In Texas, your trade-in reduces the selling price. So you are taxed on the discounted selling price minus the trade-in value. __________________ 2016 Black 2SS Vert A8 MRC NPP

09-13-2016, 08:25 PM	#31
jasonsk287 Drives: 2012 Camaro 1LT Join Date: Dec 2010 Location: Long Island, NY Posts: 404	I looked at the link posted by bballr4567 above, and apparently I was wrong about NYS taxing vehicles. They do tax before the rebates are applied. I was getting confused because trade-in equities reduce the taxable amount. In that case, everything you mentioned seems fine to me. __________________ 2012 Camaro 1LT Summit White/Black Rally Stripes Ordered 8/21/11, built 9/22/11, delivered 10/7/11

09-13-2016, 08:29 PM	#32
wal-dog Drives: 2016 Garnet Red 1SS Join Date: Feb 2011 Location: Tucson Posts: 208	I traded in my 5+ year old 2011 1LT RS with 72k miles and got 14k. I say yes

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