In Illinois it is based on sale price, not suggested MSRP. It is a sales tax so it is based on the sales amount. Cannot speak for other states.
Taxes calculated at MSRP ... NOT actual purchased price
So...someone recently told me that vehicle taxes (at least in Nebraska) are based off the MSRP and not the actual price you paid at the dealer.
Meaning that I can get $5K discount on a $45K (MSRP) vehicle, but would still pay the full $45K in taxes.
Anyone care to share what they paid in taxes...for the folks that got their Ascents below MSRP?
Meaning that I can get $5K discount on a $45K (MSRP) vehicle, but would still pay the full $45K in taxes.
Anyone care to share what they paid in taxes...for the folks that got their Ascents below MSRP?
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It looks like that person was referring to your annual registration fees being based on the vehicle's MSRP, not the amount of sales tax you'll pay at purchase:So...someone recently told me that vehicle taxes (at least in Nebraska) are based off the MSRP and not the actual price you paid at the dealer.
Meaning that I can get $5K discount on a $45K (MSRP) vehicle, but would still pay the full $45K in taxes.
Anyone care to share what they paid in taxes...for the folks that got their Ascents below MSRP?
https://dmv.nebraska.gov/dvr/reg/registration-fees-and-taxes
In Virginia it’s based on the MSRP... we got a touring at 3300 off of MSRP but paid taxes on the full amont.
Hello fellow Nebraskan. Vehicle taxes suck for us. You'll pay about 7% in most of the state on the sales price. That's the total price after trade in. You'll also pay a "registration vehicle tax" based on the MSRP. On a Limited model that would be $700 on top of the 7% tax. Your 2nd year of vehicle registration will cost you $630, and the third year would be $560. The yearly rate keeps going down, and I believe it's after 15 years or 25 years it goes to a very low flat rate. A Touring model or Premium model would have a slightly different base rate due to their MSRPs.
I just negotiated on my Limited Ascent and I'm expecting a total tax bill to be very close to $3,395. Gotta pay to play in the corn here.
There's one more fun part, I've found Nebraska gets the MSRP's wrong quite often. They also really hate to fix it even though it is suppose to be accurate. The manufacturers provide the MSRP for the trim of the models available, and it seems like Nebraska just picks the highest trim MSRP at times because why not.
I just negotiated on my Limited Ascent and I'm expecting a total tax bill to be very close to $3,395. Gotta pay to play in the corn here.
There's one more fun part, I've found Nebraska gets the MSRP's wrong quite often. They also really hate to fix it even though it is suppose to be accurate. The manufacturers provide the MSRP for the trim of the models available, and it seems like Nebraska just picks the highest trim MSRP at times because why not.
So...someone recently told me that vehicle taxes (at least in Nebraska) are based off the MSRP and not the actual price you paid at the dealer.
Meaning that I can get $5K discount on a $45K (MSRP) vehicle, but would still pay the full $45K in taxes.
Anyone care to share what they paid in taxes...for the folks that got their Ascents below MSRP?
I've seen the chart as well...and it looks like more of a range than the actual MSRP amount. I'm still not completely getting it.It looks like that person was referring to your annual registration fees being based on the vehicle's MSRP, not the amount of sales tax you'll pay at purchase:
https://dmv.nebraska.gov/dvr/reg/registration-fees-and-taxes
*UPDATE: I finally went to the full process and they do tax you on the "actual" purchase price...but also adds another vehicle tax base off the MSRP from the chart.
WOW :tango_face_surprise ... looks like there's more to this that I need to read more about.Hello fellow Nebraskan. Vehicle taxes suck for us. You'll pay about 7% in most of the state on the sales price. That's the total price after trade in. You'll also pay a "registration vehicle tax" based on the MSRP. On a Limited model that would be $700 on top of the 7% tax. Your 2nd year of vehicle registration will cost you $630, and the third year would be $560. The yearly rate keeps going down, and I believe it's after 15 years or 25 years it goes to a very low flat rate. A Touring model or Premium model would have a slightly different base rate due to their MSRPs.
I just negotiated on my Limited Ascent and I'm expecting a total tax bill to be very close to $3,395. Gotta pay to play in the corn here.
There's one more fun part, I've found Nebraska gets the MSRP's wrong quite often. They also really hate to fix it even though it is suppose to be accurate. The manufacturers provide the MSRP for the trim of the models available, and it seems like Nebraska just picks the highest trim MSRP at times because why not.
Thanks for the insight.
Can I ask which dealer you went with your purchase?I just negotiated on my Limited Ascent and I'm expecting a total tax bill to be very close to $3,395. Gotta pay to play in the corn here.
Beardmore over in Bellevue. Got it for a bit over invoice. Tried cross-shopping at Lincoln Subaru but they haven't been very communicative. I'm grabbing one of their Ascent's they have just coming in and didn't do a pre-order or anything.
Can I ask which dealer you went with your purchase?
Thanks.Beardmore over in Bellevue. Got it for a bit over invoice. Tried cross-shopping at Lincoln Subaru but they haven't been very communicative. I'm grabbing one of their Ascent's they have just coming in and didn't do a pre-order or anything.
I see that they have 2 in stock and 10 "in-transit".
I still need to test drive one before I pull the trigger.
One or both of those they have in stock they are trying to keep around for demo drives and just showing off the Ascent. I think we took out a Cinnamon Brown Premium model to get a feel for the vehicle. I've been working with a young guy named Alex and he's never been pushy. He has said making appointments to go see and test drive can work out the best.
Edit; 1 of those in transit is mine. Nomnomnomnom. See if it gets here tomorrow or not.
Edit; 1 of those in transit is mine. Nomnomnomnom. See if it gets here tomorrow or not.
Thanks.
I see that they have 2 in stock and 10 "in-transit".
I still need to test drive one before I pull the trigger.
Not in Washington state, we have a tax called "use tax". For me it was calculated based on the sold price, (bought at invoice) and not on MSRP.
That reminds me of taxes on items at stores like Costco where taxes is based on the actual price before the instant manufacturer's rebate.
That reminds me of taxes on items at stores like Costco where taxes is based on the actual price before the instant manufacturer's rebate.
NJ collects tax on MSRP. Not on the actual sale price.
I also just found out that NJ charges tax on the full price of the car when leasing. How is that fair? You should only pay taxes on the leased amount.... that means they get to double dip full taxes when the car is leased and then more taxes when the car is sold used. How in the world did that law pass and how is it not fraud on the governments part?NJ collects tax on MSRP. Not on the actual sale price.
In NY you deduct the trade-in value of the old car from the sale price, and pay tax on that.
AZ deducts the trade-in value as well. I traded in my 2017 Outback and my 2018 GMC Canyon and ended up paying NO taxes! Take that government man! 
You'll have to look at your state. We pay tax on purchase price unless it's like 10% or more lower than average sales price then we pay average sales price. Government wants their $$$.
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