2015 Denali

[Aerovette]

Originally Posted by 04 commemorative

The bed liner gave that one away

Could be an SUV with an old mattress and rubber sheets...Like Adog wants to trade the van in on.

[04 commemorative]

Originally Posted by aerovette

Could be an SUV with an old mattress and rubber sheets...Like Adog wants to trade the van in on.

Now that could be true

[Egnalf]

if the following are true: you need a truck, you cant get a better deal, your bonus wont end up being significantly higher otherwise, then it seems like a win.

as someone who buys trucks with lots of options, know this....you don't get much for them when you sell, they are expensive to fix when they break, they start to break around 100k or better

[Aerovette]

One step closer. I expect I'll have the truck some time next week.

6.25% tax sucks, but the way the system is structured, you can't lowball anymore. They use a value calculator and you pay tax on the HIGHER of the two numbers.

[snide]

Originally Posted by aerovette

One step closer. I expect I'll have the truck some time next week.

6.25% tax sucks, but the way the system is structured, you can't lowball anymore. They use a value calculator and you pay tax on the HIGHER of the two numbers.

That sucks.

Then again, in NH where there is no sales tax, you pay a registration fee that is based on the original MSRP. The registration on my '09 Z06 was based on a $76k MSRP (paid $66k) so the fee was rather steep. When I bought the '76 Vette, I had no idea what the original MSRP was so I guessed at $8k. The registration fee was stupid cheap.

[MadInNc]

Originally Posted by aerovette

One step closer. I expect I'll have the truck some time next week.

6.25% tax sucks, but the way the system is structured, you can't lowball anymore. They use a value calculator and you pay tax on the HIGHER of the two numbers.

Originally Posted by snide

That sucks.

Then again, in NH where there is no sales tax, you pay a registration fee that is based on the original MSRP. The registration on my '09 Z06 was based on a $76k MSRP (paid $66k) so the fee was rather steep. When I bought the '76 Vette, I had no idea what the original MSRP was so I guessed at $8k. The registration fee was stupid cheap.

NC ya pay 3% of net purchase price and what they deem fair market value for the annual plates where the now hit ya up with local fire/ school special taxes. For 2020 KR annual is $450 plates + emissions after $1,500 one time taxes, 69 M1 is $36 annual including emissions and 73 eldo is $24 annual w emissions.

[JetMechZ16]

Originally Posted by aerovette

I beat my truck like it owes me money and hit my mom and it keeps on going. It's a 2000 with 240,000 VERY hard miles with regular oil changes every 4 years or so.

No wonder your life went off track with periodic maintenance morals like that!

[Aerovette]

Originally Posted by JetMechZ16

No wonder your life went off track with periodic maintenance morals like that!

Wife's maintenance occupied all my time. Nothing left for my truck.

[JetMechZ16]

Originally Posted by aerovette

Wife's maintenance occupied all my time. Nothing left for my truck.

You ARE a broken man.

[Aerovette]

Originally Posted by JetMechZ16

You ARE a broken man.

Not broken, broke in.

[Bill]

Originally Posted by aerovette

One step closer. I expect I'll have the truck some time next week.

6.25% tax sucks, but the way the system is structured, you can't lowball anymore. They use a value calculator and you pay tax on the HIGHER of the two numbers.

Maybe I'm reading this wrong, but I think that's incorrect. Texas calculates SPV, standard presumptive value, which is a number they pull out of their ass when you give them the VIN and the mileage. They have ZERO idea of condition, damage, mechanical issues, etc. They just spit out a number based on VIN and mileage.

Now, say their value is $ 100. The minimum tax you'll pay is on 80% of that, so let's say you buy the vehicle for $ 10, because it was wrecked. You'll still pay tax on $ 80 valuation.

If you pay MORE than $ 100, you'll pay tax on the actual sales price. If you pay less, you'll pay less tax, but never less than the tax on 80% of the SPV.


The only exceptions to this are, if you're buying from a Texas licensed dealer, you'll pay tax on the sales price, no SPV calculations necessary. OR, you can get a formal, written appraisal of the car from a licensed Texas appraiser or insurance adjuster, and claim that as proof of the actual value of the car. Of course, you'll spend money hiring someone to write that evaluation for you, so you still pay.

https://www.txdmv.gov/standard-presumptive-calculator

[JetMechZ16]

Originally Posted by aerovette

Not broken, broke in.

I'd invite you over cause I feel sorry for you and all, but you'd get mad at me for all the beer cans in the ditch in front of my house.

[Aerovette]

Originally Posted by JetMechZ16

I'd invite you over cause I feel sorry for you and all, but you'd get mad at me for all the beer cans in the ditch in front of my house.

Your cans, your yard. No shits given.

[JetMechZ16]

Originally Posted by JetMechZ16

I'd invite you over cause I feel sorry for you and all, but you'd get mad at me for all the beer cans in the ditch in front of my house.

[Aerovette]

Originally Posted by bill_daniels

Maybe I'm reading this wrong, but I think that's incorrect. Texas calculates SPV, standard presumptive value, which is a number they pull out of their ass when you give them the VIN and the mileage. They have ZERO idea of condition, damage, mechanical issues, etc. They just spit out a number based on VIN and mileage.

Now, say their value is $ 100. The minimum tax you'll pay is on 80% of that, so let's say you buy the vehicle for $ 10, because it was wrecked. You'll still pay tax on $ 80 valuation.

If you pay MORE than $ 100, you'll pay tax on the actual sales price. If you pay less, you'll pay less tax, but never less than the tax on 80% of the SPV.


The only exceptions to this are, if you're buying from a Texas licensed dealer, you'll pay tax on the sales price, no SPV calculations necessary. OR, you can get a formal, written appraisal of the car from a licensed Texas appraiser or insurance adjuster, and claim that as proof of the actual value of the car. Of course, you'll spend money hiring someone to write that evaluation for you, so you still pay.

https://www.txdmv.gov/standard-presumptive-calculator

I think you said what I said.

SPV - $24,700.00
Sales price - $23,000.00

Tax will be 6.25% of $24,700.00

Correct?

[Aerovette]

I got to take it out for a drive. About 30 minutes. Everything works as it should. It's clean, tight, etc. the ONLY thing I noticed is that in gear, at a light, it seems to have a slight miss. Almost like a lope. Barely noticeable and only in gear. No other issues that I am aware of at all. I'm pretty sure I'm going to go for it. Before the final call, I'm going to see what might be the reason for the idle thing. I can't call it rough or really even a miss. Just a barely noticeable oscillation.

[Stangkiller]

Originally Posted by aerovette

I got to take it out for a drive. About 30 minutes. Everything works as it should. It's clean, tight, etc. the ONLY thing I noticed is that in gear, at a light, it seems to have a slight miss. Almost like a lope. Barely noticeable and only in gear. No other issues that I am aware of at all. I'm pretty sure I'm going to go for it. Before the final call, I'm going to see what might be the reason for the idle thing. I can't call it rough or really even a miss. Just a barely noticeable oscillation.

Is that due to it dropping into 4cyl mode?

[carlton_fritz]

Originally Posted by snide

Do you work for the department of redundancy department?

[Bill]

Originally Posted by aerovette

I think you said what I said.

SPV - $24,700.00
Sales price - $23,000.00

Tax will be 6.25% of $24,700.00

Correct?

No. In this case, the tax will be paid on $ 23,000, the actual sales price. You pay the tax on the actual sales price, unless the sales prices is LESS than 80% of the SPV, in which case, you're paying an artificial minimum of tax on 80%. You're paying over 80% of the SPV, so you pay tax on the actual purchase price. The only way the SPV would kick in is if you paid less than $ 19,760, in which case Texas would want tax on that (80%) even if you paid less than $ 19,760.

More unscrupulous people looking to skirt this law might pay 80% or less of the SPV for a car, and then buy the owner's manual, spare tire, or a t-shirt, as a separate transaction, for a separate price, in an unrelated sale. That's wrong, illegal, and totally unacceptable, by the way.

[BADRACR1]

NADA is a better source for value. No reputable dealer uses KBB.

Base Denali CC 4WD, 85k Options will make the price higher
Mileage (85,000) -$900
Rough Trade-In $24,675 $23,775
Average Trade-In $26,425 $25,525
Clean Trade-In $27,875 $26,975
Clean Retail $31,150 $30,250
Base Price

Price + Options

Certified Pre-Owned (CPO)
+$1,500

https://www.nadaguides.com/Cars/2015...ali-4WD/Values