E90Post
 


Horizon LED
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > USA - NY / NJ / CT / PA > Luxury Tax?



Reply
 
Thread Tools Search this Thread
      04-11-2008, 09:26 PM   #1
FifthStreetz
O! So Sour!!
FifthStreetz's Avatar
United_States
193
Rep
15,559
Posts

 
Drives: Fast 240z / Slow M3
Join Date: Apr 2007
Location: Fort Lee, NJ

iTrader: (24)

Garage List
2008 M3  [4.75]
Luxury Tax?

Hey guys, is this true that NJ has a luxury tax on vehicles sold over $45,000? My CA said there is such a tax and its like 0.005% of the cost of vehicle. Am i being dicked around or is this true?
__________________
Appreciate 0
      04-11-2008, 09:33 PM   #2
Bimmer335i07
BK Employee of the month! / Moderator
Bimmer335i07's Avatar
United_States
231
Rep
15,801
Posts

 
Drives: BMW 335i Sedan
Join Date: Apr 2007
Location: ...

iTrader: (9)

Garage List
2007 335i  [0.00]
Quote:
Originally Posted by FifthStreetz View Post
Hey guys, is this true that NJ has a luxury tax on vehicles sold over $45,000? My CA said there is such a tax and its like 0.005% of the cost of vehicle. Am i being dicked around or is this true?
Dave, if I remember correctly your SA is not lying to you.
__________________

Sponsored by: Pics of the ---> Barbera Beast <---
Martino Auto Concepts (Like them on Facebook MAC) Factory Trained & Authorized by BMW of North America

Matt@Camber-Toe (Like them on Facebook Camber-Toe)
LuxAngelEyes (Like them on Facebook LuxAngelEyes)
LTBMW (Like them on Facebook LTBMW)
OEMconcepts (Like them on Facebook OEMconcepts)
Appreciate 0
      04-11-2008, 09:42 PM   #3
Alex@AKMotorwerk
Alex@AKMotorwerk's Avatar
United_States
118
Rep
9,339
Posts

 
Drives: 2012 AW F10 535i
Join Date: Jun 2007
Location: Hillsborough, NJ

iTrader: (7)

Send a message via AIM to Alex@AKMotorwerk
Quote:
Originally Posted by FifthStreetz View Post
Hey guys, is this true that NJ has a luxury tax on vehicles sold over $45,000? My CA said there is such a tax and its like 0.005% of the cost of vehicle. Am i being dicked around or is this true?
he's 100% right... any car sold over $45k gets an added "luxury" tax
Appreciate 0
      04-11-2008, 09:44 PM   #4
ZGirl07
Lieutenant General
ZGirl07's Avatar
United_States
156
Rep
13,335
Posts

 
Drives: '13 Z4 35i
Join Date: May 2007
Location: SI, NY

iTrader: (2)

thats what happens when youre a baller
__________________
Space Gray ~ Coral Red ~ 20% Tint ~ LUX Angel Eyes ~ Carbon Fiber Stubby
Appreciate 0
      04-11-2008, 09:45 PM   #5
FifthStreetz
O! So Sour!!
FifthStreetz's Avatar
United_States
193
Rep
15,559
Posts

 
Drives: Fast 240z / Slow M3
Join Date: Apr 2007
Location: Fort Lee, NJ

iTrader: (24)

Garage List
2008 M3  [4.75]
Thanks guys, i did some research and yea i guess its true. Im a noob at buying cars so excuse my ignorance. It is 0.4% not that bad.
__________________
Appreciate 0
      04-11-2008, 10:11 PM   #6
Bimmer335i07
BK Employee of the month! / Moderator
Bimmer335i07's Avatar
United_States
231
Rep
15,801
Posts

 
Drives: BMW 335i Sedan
Join Date: Apr 2007
Location: ...

iTrader: (9)

Garage List
2007 335i  [0.00]
Quote:
Originally Posted by FifthStreetz View Post
Thanks guys, i did some research and yea i guess its true. Im a noob at buying cars so excuse my ignorance. It is 0.4% not that bad.


Just for that, I'm borrowing your car for 1 day. lol!
__________________

Sponsored by: Pics of the ---> Barbera Beast <---
Martino Auto Concepts (Like them on Facebook MAC) Factory Trained & Authorized by BMW of North America

Matt@Camber-Toe (Like them on Facebook Camber-Toe)
LuxAngelEyes (Like them on Facebook LuxAngelEyes)
LTBMW (Like them on Facebook LTBMW)
OEMconcepts (Like them on Facebook OEMconcepts)
Appreciate 0
      04-11-2008, 10:13 PM   #7
e90fanatic
Absolute0
e90fanatic's Avatar
No_Country
71
Rep
5,018
Posts

 
Drives: Has a Roundel
Join Date: Apr 2005
Location: TO/HK/NJ

iTrader: (6)

Garage List
2006 330i  [0.00]
Send a message via AIM to e90fanatic
lol...it's very minimal but NJ needs it badly. so many fuking potholes and things to fix. just went to nj taxation website and it looks so ghetto like a home made website.
__________________
To procede or not to procede......
Appreciate 0
      04-11-2008, 10:20 PM   #8
Craig@SupremePower
BimmerPost Supporting Vendor
Craig@SupremePower's Avatar
United_States
842
Rep
75,000
Posts


 
Drives: '12 Dodge Durango R/T
Join Date: Mar 2008
Location: New Jersey

iTrader: (14)

Quote:
Originally Posted by e90fanatic View Post
lol...it's very minimal but NJ needs it badly. so many fuking potholes and things to fix. just went to nj taxation website and it looks so ghetto like a home made website.
Yeah except they don't fix a damn thing!!!
__________________
Appreciate 0
      04-11-2008, 10:55 PM   #9
e90fanatic
Absolute0
e90fanatic's Avatar
No_Country
71
Rep
5,018
Posts

 
Drives: Has a Roundel
Join Date: Apr 2005
Location: TO/HK/NJ

iTrader: (6)

Garage List
2006 330i  [0.00]
Send a message via AIM to e90fanatic
yea. unfortunately. Does anybody know of a e90 328 or 325 with purple halogens? That guy just can't drive! I saw him/her on turnpike tonight and can't even go straight!!

But every time I go out, I see lots of cars that should have been ticketed. That's definitely one way for them to get $$$. The law enforcement in Toronto is much stronger and ticket almost anything!!
__________________
To procede or not to procede......
Appreciate 0
      04-12-2008, 08:25 AM   #10
Sal@AUTOcouture
Sal@AUTOcouture's Avatar
143
Rep
9,657
Posts

 
Drives: F80 M3
Join Date: Feb 2007
Location: NJ

iTrader: (29)

Send a message via AIM to Sal@AUTOcouture
It used to be called the luxury tax. Now its called the "NJ Supplimental Fee" and is .4% of the value of the car. Essentially, you are/ will be paying 7.4% tax on your M3. The Supplimental Fee is charged to all cars with a selling price of $45,000+
Appreciate 0
      04-12-2008, 09:02 AM   #11
itsbrokeagain
itsbrokeagain's Avatar
United_States
173
Rep
15,737
Posts

 
Drives: E28 535, 1996 Dodge Ram Diesel
Join Date: Mar 2007
Location: Valley Stream, NY

iTrader: (7)

Send a message via AIM to itsbrokeagain
that blows.
__________________
AUTOCouture Motoring: Handling reflector installs to turbo upgrades and superchargers, and everything in between
15-01 Pollitt Drive, Fairlawn NJ 201-666-3500

<-Official Vehicle Transport for AUTOCouture
Appreciate 0
      04-12-2008, 09:03 AM   #12
itsbrokeagain
itsbrokeagain's Avatar
United_States
173
Rep
15,737
Posts

 
Drives: E28 535, 1996 Dodge Ram Diesel
Join Date: Mar 2007
Location: Valley Stream, NY

iTrader: (7)

Send a message via AIM to itsbrokeagain
guessed I missed out on it...I got my car for $42k lol.
__________________
AUTOCouture Motoring: Handling reflector installs to turbo upgrades and superchargers, and everything in between
15-01 Pollitt Drive, Fairlawn NJ 201-666-3500

<-Official Vehicle Transport for AUTOCouture
Appreciate 0
      04-12-2008, 09:08 AM   #13
Alex@AKMotorwerk
Alex@AKMotorwerk's Avatar
United_States
118
Rep
9,339
Posts

 
Drives: 2012 AW F10 535i
Join Date: Jun 2007
Location: Hillsborough, NJ

iTrader: (7)

Send a message via AIM to Alex@AKMotorwerk
Quote:
Originally Posted by itsbrokeagain View Post
guessed I missed out on it...I got my car for $42k lol.
+1 here... missed it by a few grand! haha
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:45 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST