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      04-11-2008, 09:26 PM   #1
FifthStreetz
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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?
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      04-11-2008, 09:33 PM   #2
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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.
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      04-11-2008, 09:42 PM   #3
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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
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      04-11-2008, 09:44 PM   #4
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thats what happens when youre a baller
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      04-11-2008, 09:45 PM   #5
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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.
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      04-11-2008, 10:11 PM   #6
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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!
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      04-11-2008, 10:13 PM   #7
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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.
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      04-11-2008, 10:20 PM   #8
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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!!!
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      04-11-2008, 10:55 PM   #9
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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!!
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      04-12-2008, 08:25 AM   #10
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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+
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      04-12-2008, 09:02 AM   #11
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that blows.
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      04-12-2008, 09:03 AM   #12
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guessed I missed out on it...I got my car for $42k lol.
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      04-12-2008, 09:08 AM   #13
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guessed I missed out on it...I got my car for $42k lol.
+1 here... missed it by a few grand! haha
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