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Old 12-12-2019, 2:55pm   #21
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Put the VIN number and mileage in the the State of Texas' own value estimator:

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

If I recall correctly, no matter what you pay for the truck, you'll have to pay sales tax on a minimum of 80% of the value they arbitrarily calculate. If the sales price is higher, you'll pay the sales tax on the actual sales price.

So, if the state says it's worth $ 100, and you pay $ 120, you'll pay the tax on the $ 120 sales price, but let's say you pay $ 50. You'll have to pay sales tax as if you had paid $ 80 for it.

You can use this number as some kind of rough guide. I'd want to pay less than the state's number, of course.
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Old 12-12-2019, 3:02pm   #22
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Put the VIN number and mileage in the the State of Texas' own value estimator:
Do you work for the department of redundancy department?
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Old 12-12-2019, 3:29pm   #23
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Do you work for the department of redundancy department?


Not yet, but I submitted my application and CV to them in triplicate!
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Old 12-12-2019, 3:33pm   #24
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Not yet, but I submitted my application and CV to them in triplicate!
You should throw in your resume for good measure.

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Old 12-13-2019, 12:50pm   #25
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He is asking $24k
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Old 12-13-2019, 12:54pm   #26
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He is asking $24k
What does Texas think it's worth?
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Old 12-18-2019, 6:07pm   #27
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UPDATE:

WWYD?

I can get this truck for $5500.00 out of pocket and NOT take a Christmas bonus this year.
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Old 12-18-2019, 6:11pm   #28
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is your bonus more than 16k
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Old 12-18-2019, 6:12pm   #29
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I like the idea of no bonus, less cash. saves you tax money. the thing is you need an idea on what the bonus would be.
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Old 12-18-2019, 6:21pm   #30
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I like the idea of no bonus, less cash. saves you tax money. the thing is you need an idea on what the bonus would be.


Would you have to pay taxes on the value of the truck or the difference between the value given in lieu of bonus?
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Old 12-18-2019, 6:22pm   #31
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is your bonus more than 16k
Yes.

I WILL get taxed for the amount.

Essentially they'll give me the money to give for the truck. If I don't want the truck, I'll still get the money.

The deal is, if I am NOT buying the truck, I don't get the bonus until March 2020. If I am buying it, it will happen now.
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Old 12-18-2019, 6:26pm   #32
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Quote:
Originally Posted by aerovette View Post
Yes.



I WILL get taxed for the amount.



Essentially they'll give me the money to give for the truck. If I don't want the truck, I'll still get the money.



The deal is, if I am NOT buying the truck, I don't get the bonus until March 2020. If I am buying it, it will happen now.


Do you want the truck?
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Old 12-18-2019, 6:27pm   #33
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Is it black like the one in the picture? If so, keeping it clean will be like having a second job.
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Old 12-18-2019, 6:35pm   #34
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Quote:
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It's a GM product, so you have that going against you.
I have to agree.
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Old 12-18-2019, 6:37pm   #35
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Do you want the truck?
1. My truck is dying
2. Lots of bells and whistles and it was an expensive truck when new

Am I in love with it/gotta have it? No.

It's a deal I can't duplicate on my own though.
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Old 12-18-2019, 6:43pm   #36
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1. My truck is dying

2. Lots of bells and whistles and it was an expensive truck when new



Am I in love with it/gotta have it? No.



It's a deal I can't duplicate on my own though.


Then take the deal.
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Old 12-18-2019, 7:04pm   #37
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Quote:
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I thought Denali was a trim-level, not a model.
It is
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Old 12-18-2019, 7:05pm   #38
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It is
Saying Denali because as a Denali, GMC is a given. That being said, it is a truck, not an SUV.
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Old 12-18-2019, 7:06pm   #39
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The bed liner gave that one away
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Old 12-18-2019, 7:07pm   #40
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Then take the deal.

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