Originally Posted By: Colt
Originally Posted By: gathermewool
I don't understand the complaint. Just like those who need a new iPhone every time a new one comes out (and then pay tax on the full amount each time,) those who need a new car every few years should pay for it. If you're upset about the tax, then why not the massive amount of depreciated value you've thrown away? The cost of insurance is also higher on a newer car, as is vehicle property tax, if your state has it (I paid over $500 last year in property tax on my car!) If you're complaining about tax on all of the new cars you're purchasing, then you need to reevaluate your need for one.
When I first got out of college, I went threw a few new cars pretty quickly. I was "big ballin'" and could afford it. Here in CT I paid tax on the difference, but that in no way justified the purchase as making good financial sense, because buying cars rarely are. It was fun, and that's all the justification a newly graduated twenty-something needs.
Even though my latest car was just around $30k, where something used and reliable, and much cheaper would have sufficed, I love it and plan to keep it for as long as I can. I'm older now, though, and the need for the latest and greatest is slowly waning. I'll be happy to keep this car until it's run into the ground, even if that means replacing the motor some time.
Finally, for those who want to maintain a car in warranty, don't want to or can't afford to be stranded or left immobile, I can understand your argument, but the costs that go along with always owning new cars are many and are usually higher than that of used cars, so worrying about paying tax is silly.
My minor complaint is a vehicle can be bought and sold 10 times and sales tax will be paid on every purchase.
Not a real big deal but a lot of money goes to the state when the car is sold multiple times.
I'll agree with that. However, how many of us are there who buy new or newer and keep our cars forever? My last car was owned by the first owner for 150kmi, sold to their mechanic, who owned it for another 25k, and then sold to me. I drove it for 50k, then gifted it to my sister, who didn't have to pay any tax on it, since it was so old and worth very little. At least I think she didn't have to pay tax...
We're more consumer than producer these days, and we pay for it. I have plenty of savings and a good 401k, but a good portion of the remainder goes toward having fun. I'd own a house right now if it weren't for my fast car, gaming computer, laptop, tablet, blackberry, awesome speakers, Wii, 3DS, and the list goes on! Paying month for rent in a place that's close to the beach makes it tough, too, but that's besides the point. The above-mentioned are what makes me happy, and to maintain my lifestyle I give up certain other things, and make compromises where I can.
I got my base-model Subie for $7k off and 0% financing, bought my winter tires/rims for $450 off the forums, the premium options that didn't come with my STI for 2 of what it would have cost from the dealer and, while most of these things aren't necessary, they were had at a fraction of the brand-new cost. I also buy refurb'd when I can, buy games a year or two after they come out at 1/3 the cost and with added content, and have a 9 year old HDTV that I got for $75 (the cost of a bulb replacement after it "died.")
We all choose our wants and how much we're willing to pay for them. I think it would be foolish of me to complain about how much I spend on things I didn't need in the first place, so I enjoy them, even if that game I just HAD to buy sits on my desk for months, even after a few more games get rotated in beforehand.