New GA tax law: A warning....

Close to $3K, just paid it for the Diablo
So if it's older than 85' there's none of it? If so I am looking at nothing but that from now on.

BTW, congrats on your 328, sounds like fun.

 

Hi Guys,

FWIW, I think many of the pre 85 cars look absolutely awesome. Granted, they lack in the get-up-and-go deparment, but they will be coveted for their timless style that so many of the current cars are completely devoid of.

That's my opinion, and I'm sticking to it!

Ciao,
George

 

Wow, that's insane.
OK, looking for a Mondial or 308 QV for my next Ferrari when I am ready. Thanks.

 

I think my 355 was over $6k the first time I registered it in 2010 (including the DMV collecting the sales tax).

 

That SS El Camino had to be older than 1985, right? Where did they get $1100?

 

the new system is a total scam


well, the way around it is that pre 85- 86 (?) cars do not require titles. just get plates and avoid the VATV fee.

 

I know its a drag, but ad valorum was every year and this is only a one time sales tax. And if there is a trade it is only on the "difference' paid. Its the Washington state has dne it for years and its not that painful except for the first hit...especially if you buy a 200k car and face that 20k sales tax bill!

 

I would if it was an 85 or older. Thanks anyway.

 

Then again it can't be that much for a Mondi, I know they don't show the same values as the 308/328's, I might give him a call, thanks.

 

The 1988 Testarossa I'm looking at has a fair market value of $35,000 according to the state of GA. The tax would be about $2300.00.

 

It's a great new law that collects the fee from private sales that once were exempt. After you buy and pay the 6.5% title fee, it will only cost you $20 per year to renew your license plate.

 

Be grateful you don't live in California. A $35,000 car as you describe it would cost you $3,124 in DMV fees at the time of purchase (the majority of which are in lieu taxes, which is what you're paying in GA). If you live in Los Angeles, you'd be able to give them at least $3,477 (the tax rates vary from county to county, are your tax is based on where you live, noit where you buy the car).

$324 of the total would be the registration fee, and then your annual registration each year thereafter would be based on the $324; you pay a declining amount each year over a ten-year period.

We can't discuss guns anymore here, but can still play guitars from time to time...

Best Regards, Bob H

 

Wow. You sound like one of those Hollywood types that say they don't pay enough taxes...

What's so "great" about another new fee (tax) that wasn't there before? And if you think that it will save you money over the long run, well, what's to stop the politicians/thieves from amending your "great" law in the future?

 

My exact problem, the average time I keep a car lately has been 4 months, very sad.

 

Not hardly. Like most of us, I do not enjoy paying taxes and/or fees. However, taxes are necessary to fund our county and state governments to build the roads and provide all the other services we all demand. Fairness is the real advantage of the new system over the old system. For example, under the old system, when a buyer bought a car or motorcycle from a dealer, new or used, they paid a 6% to 7% sales tax, depending on the county they lived in; yet someone who bought a car or motorcycle from an individual paid no sales tax whatsoever. Why should a driver who bought from an individual get to drive on the same roads and get the same government services as someone who bought from a dealer, yet not have to pay to fund them? Under the old system, both buyers would also have to pay an ad valorem tax based on the value of the car or motorcycle each year to renew their license plate. Under the new system, every buyer pays a 6.5% title tax when they buy a car and then only have to pay $20 to renew their license plate each year. In my personal case, under the old law, a license plate renewal for my Porsche was over $900 each year. Under the new law, I pay $20 per year which will save me over $4k over my average of keeping a car ~5 years. So, the beauty under the new system is an individual can decide if they want to pay more or less taxes by buying or not buying a car or motorcycle. Sorta like a flat-tax for car and motorcycle purchases. As taxes and government fees go, how more fair can you get?

 

Unless you have always bought from an individual, the new system will not affect you at all, except for if you live in a 6% county, and then only by 0.5%.

 

When an individual buys a car from another individual, they're buying a vehicle that has already been bought new once...and tax paid. My problem is continuing to pay tax for something that can be resold between private individuals. If I sold you a couch, should you pay tax? If I sold you my old lawnmower? Where will they draw the line? It keeps moving.

Are your highways in good condition? Bridges? Is the "tax" used for car sales, gasoline, etc., paying for upkeep? Hardly. Once the politicians/thieves get their hands on it, it gets spent on whatever they determine. I'm not in favor of giving them more.

 

Do you realize what you just said? "If you want a car, you should have to pay more than you do now." That's how I see it. Maybe I'm wrong. Cheers.

 

Under the old system, you would still pay ad valorem taxes on a used car bought from an individual each and every year you own the car which give even more money to the politicians, whereas under the new law you only pay a one-time 6.5% title fee. In my experience, a couch or lawnmower do not use roads, police or other government services. And having driven in many other states, I would say that Georgia roads are better than most.

 

Sounds like a great deal (not). LOL. Glad I don't live in Georgia. My Dad does and he's not happy with your new law, like others in this thread.

My 308 tag in TN is $114 annually. I can live with that "contribution." And no state income tax either.