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      03-09-2010, 12:20 AM   #1
gongju
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Question: Taxes?

Okay this may be a stupid question but how do they calculate the cost for tax when you purchase a new vehicle? Basically, I got quoted 64K for a new M3 plus an additional $4000 for taxes. Texas sales tax is 8.25% and this doesn't equal $4000? Can anyone help me out and explain?

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      03-09-2010, 09:57 AM   #2
kcdude24
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In kansas it is about 7% X (Total purchase price -Trade value). If you sell you car outright via private sale then it is around 7% of the Total purchase price.
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      03-09-2010, 10:37 AM   #3
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New vehicles in Texas get taxed 6.25% ....on 64K thats 4K...correct...
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      03-09-2010, 10:57 AM   #4
gongju
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Thanks, that makes sense
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      03-09-2010, 08:48 PM   #5
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We pay close to 10% up in WA State...... Land of Boeing, Amazon, Starbucks, Microsoft & etc for you :-)
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