- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Does this justify buying a new car?.?
Posted on 2/18/13 at 9:01 pm
Posted on 2/18/13 at 9:01 pm
So I moved back to LA on a corporate relo and went to the DMV to register the vehicles and boat. I knew I would get hosed on the state tax, but this is ridiculous....
Registered my truck but held off on the wife's car. She has a 2012 with a NADA over 40K, this means I will likely be looking at paying over 3k to the DMV to register a car I already paid taxes on once. I know it is not a sound financial move but I am so pissed I am thinking about trading the thing in and buying a 2013. Talk me down from the ledge here..
Registered my truck but held off on the wife's car. She has a 2012 with a NADA over 40K, this means I will likely be looking at paying over 3k to the DMV to register a car I already paid taxes on once. I know it is not a sound financial move but I am so pissed I am thinking about trading the thing in and buying a 2013. Talk me down from the ledge here..
4
Posted on 2/18/13 at 9:19 pm to HSV Tigah
No, it doesn't justify trading in the car. I know there are some states that LA has a reciprocal agreement with which would allow you to claim up to 4% on your taxes.
Posted on 2/18/13 at 9:40 pm to guttata
Moving from a state with 2% reciprocity so I have to pay 7% of blue book value
Posted on 2/18/13 at 9:45 pm to HSV Tigah
i'd leave that fricker registered in the other state.
Posted on 2/18/13 at 9:52 pm to bryso
Double taxation of a vehicle is an absolute crock of shite. I've never understood how this is legal.
Posted on 2/18/13 at 9:53 pm to Golfer
quote:
Double taxation of a vehicle is an absolute crock of shite
+ 1000
Posted on 2/18/13 at 11:15 pm to HSV Tigah
Set up LLC in montana. There is an attorney up there that will do this. No sales tax ever on any vehicle you purchase. Plus you don't have to get an inspection sticker.
Posted on 2/18/13 at 11:18 pm to rpg005
Is that why I see so many RV's with MT plates? I assumed they had some vehicle registration loophole.
Posted on 2/19/13 at 12:16 am to Golfer
Yep! No sales tax. I think they charge 200-300 to register a vehicle once you have the LLC set up.
Posted on 2/19/13 at 12:47 am to HSV Tigah
In no way possible would it be worth it IMHO... It sucks but it's still your cheapest option 
Posted on 2/19/13 at 5:48 am to rpg005
quote:
Set up LLC in montana. There is an attorney up there that will do this. No sales tax ever on any vehicle you purchase. Plus you don't have to get an inspection sticker.
Can you elaborate more on this? How does this impact existing auto insurance (assuming I purchased a new vehicle)?
What can Louisiana do to prevent or find out about this?
This post was edited on 2/19/13 at 5:48 am
Posted on 2/19/13 at 5:56 am to rpg005
quote:
All sales-tax states will do that, so you would still end up paying sales tax if you changed residence states too quickly. What is different among the states is how long you have to have the RV registered in the no-sales-tax state before the new state no longer asks you to pay their use tax. It might be six months for some states and it might be never for others.
Assuming this applies for cars and trucks, what is Louisiana's position on this? Also, if I go this route, since I have already purchased and paid for my two other vehicles, can I switch them to Montana and hopefully assume lower insurance premiums, if I set up a legal LLC in Montana?
Posted on 2/19/13 at 6:34 am to bryso
I've lived in VA for 5 years, had my vehicle registered in TN the whole time. Legal? No. But frick em. Va should feel blessed that I live in their shitty state. They should be paying me.
Posted on 2/19/13 at 7:41 am to Will Cover
(no message)
This post was edited on 2/19/13 at 9:11 am
Posted on 2/19/13 at 7:54 am to Will Cover
quote:
I switch them to Montana and hopefully assume lower insurance premiums, if I set up a legal LLC in Montana?
You pay for insurance for where the car is.... Not where it is registered. I have a very unique situation and this is what I do
Posted on 2/19/13 at 8:11 am to BACONisMEATcandy
If you go this route just put the LLC as an additional interest. This will avoid any claim/title issues in the event of a total loss.
Posted on 2/19/13 at 8:19 am to rpg005
YGM
Feel free to remove your e-mail address.
Feel free to remove your e-mail address.
This post was edited on 2/19/13 at 8:20 am
Posted on 2/19/13 at 9:22 am to rpg005
quote:
(No message)
Not sure if you sent back to me. My work e-mail filters may be working overtime today.
Posted on 2/19/13 at 10:07 am to Will Cover
quote:
Not sure if you sent back to me. My work e-mail filters may be working overtime today.
YGM
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News