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Old 11-14-2013, 11:38 AM
 
177 posts, read 218,461 times
Reputation: 169

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Not true when registering a USED car......wife works at the DMV so all is good ; )
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Old 11-14-2013, 12:17 PM
 
Location: Woodland Park, CO
3,133 posts, read 9,104,729 times
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Huh? How is a used car different? You don't put what you paid for it anywhere when you register your vehicle.


http://www.colorado.gov/cs/Satellite...ame=RMVWrapper

Registration Fees
Fees are based on the empty weight and type of vehicle being registered.
Additional fees may be collected based on county of residence and license plate selected.



Specific Ownership Taxes
These taxes are based on the year of manufacture of the vehicle and the original taxable value which is determined when the vehicle is new and does not change throughout the life of the vehicle.
Ownership tax is in lieu of personal property tax. Vehicles do not need to be operated in order to be assessed this tax.
The ownership tax rate is assessed on the original taxable value and year of service
Original taxable value is 85% of manufacturer's suggested retail price (MSRP).
The annual specific ownership tax is based on the year of service



1. Sales Tax is based on purchase price
2. Registration Fee is based on MSRP (sticker price) multiplied by a percentage based on age.

Anyone else think differently?
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Old 11-14-2013, 01:16 PM
 
Location: OH>IL>CO>CT
4,748 posts, read 7,495,900 times
Reputation: 6347
Right. Sales price only affects sales tax. All others fees are either fixed or based on original MSRP.
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Old 11-14-2013, 01:35 PM
 
Location: Colorado Springs
641 posts, read 1,954,687 times
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Here's another bit of useless DMV trivia.

If buying a used car from a family member, you can declare the vehicle as a "gift," and save a bundle on the taxes. The friendly DMV clerk here in town suggested I scratch out the price and write "gift" on my home made bill of sale when I registered a vehicle I bought from my Dad a couple of years ago.
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Old 11-14-2013, 04:20 PM
 
Location: Colorado Springs
18,888 posts, read 8,867,123 times
Reputation: 18291
Quote:
Originally Posted by sammy87 View Post
Most likely way more than it should. CO car registration prices are a joke and a great way to discourage buying a new car.
Odd. Everyone I've known here has bought a new car when they were ready to.
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Old 11-15-2013, 08:24 PM
 
Location: Colorado
1,706 posts, read 2,922,123 times
Reputation: 1741
While yes, a new car is expensive to register, when I lived in Connecticut I had an $11k Saturn SL manual. I paid $1000 in taxes on that puppy.
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Old 11-16-2013, 10:09 AM
 
Location: OH>IL>CO>CT
4,748 posts, read 7,495,900 times
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Default CO vs CT car taxes

Quote:
Originally Posted by captain_hug99 View Post
While yes, a new car is expensive to register, when I lived in Connecticut I had an $11k Saturn SL manual. I paid $1000 in taxes on that puppy.
Did you live in Hartford with it's ~$74 per $1000 tax mill rate ??

FYI for others, CT taxes cars (using its current market value, not MSRP) at same % rate as your home's mill rate, and it varies by each of CT's 169 towns. My town in CT mill rate is about $21, so I just paid $169 on a 2008 Ford Fusion, was $241 last year. This in addition to bi-annual $90 state license fee.

Last edited by reed303; 11-16-2013 at 10:10 AM.. Reason: add'l
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Old 11-16-2013, 11:33 AM
 
Location: Colorado
1,706 posts, read 2,922,123 times
Reputation: 1741
Quote:
Originally Posted by reed303 View Post
Did you live in Hartford with it's ~$74 per $1000 tax mill rate ??

FYI for others, CT taxes cars (using its current market value, not MSRP) at same % rate as your home's mill rate, and it varies by each of CT's 169 towns. My town in CT mill rate is about $21, so I just paid $169 on a 2008 Ford Fusion, was $241 last year. This in addition to bi-annual $90 state license fee.
Waterbury with an $80 something mill rate. This was back in 99.
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Old 11-18-2013, 09:27 AM
 
3,493 posts, read 4,702,524 times
Reputation: 5358
Quote:
Originally Posted by PokerMunkee View Post
That will save you on taxes, which is fraud. Won't help you on registration, as it's based on MSRP, not what you paid for the car.
QFT.

Also, how does someone get "FORCED" to buy a new car? When I had to buy a car, I decided to buy used private party. Can you believe that there wasn't a single armed man or woman jamming a gun in my face and demanding that I buy new? The registration costs are high, but it is 100% possible to buy a used vehicle.

To add a little bit to what pokermunkee said, if the vehicle is at least 10-11 years old, it goes to a flat minimum rate (may still use weight). I have a great truck, and somehow I picked one that was 11 years old. I lose less in depreciation and fees because I knew that at the end of the day, it is a tool to get me from point A to point B. If I wanted a fancy status symbol to show how much I could afford to pay, I'd buy a new car, pay the fees, and know that I was showing off my decision each time I drove.

We may not have roads in the best condition, but those roads will hardly ever exist in a place that freezes regularly. (Water damage is a major source of road damage) At least we have enough roads, while most states are stuck in gridlock.

PS. The "new vs used" wording in this thread is really relative to the model year. Whichever way you bought it, when a car is 10 years past production, the fees drop off dramatically.
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Old 11-18-2013, 09:48 AM
 
1,147 posts, read 840,015 times
Reputation: 1330
I've lived in about 5 different states. CO registration fees are by far the most expensive ever lived in. Id like to know where that money goes other than the very nice emission inspection stations. Compared to the NE CO roads aren't that bad but they don't have as much moisture either. I bought a new car this year and the fees were over $800. The car was under $40k value. Just seems high. I like to know where my money goes when I give it to someone else.
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