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Old 07-22-2010, 01:19 PM
 
Location: Arlington, VA
147 posts, read 367,690 times
Reputation: 102

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Quote:
Originally Posted by car54 View Post
Yes, the personal property tax on a $45K car would be well over a grand a year, for several years. But you have to look at the big picture...the OVERALL tax burden in VA is not terribly bad....less than many States.

I personally like taxes like the car tax because it's one of the few that one can mitigate....by owning a cheaper car. Investing $45K in a rapidly depreciating asset like a car is insane, IMO...but to each his own. That said, I'm sure glad that antique vehicles are exempt from the car tax....I inherited a '67 427 Corvette coupe that is worth around $100K...man, that would be a bitter pill to swallow! LOL
My fantasy: I chug along in my boring car and save long enough that I can finally put my kiester back into a BMW, which I haven't been able to justify since my pre-kids days.

My reality: Damn my fertile seed, I have grown my family to the point that I now need a freaking minivan. Have you priced out a nicely-equipped new minivan lately?

Either way, The Man is going to screw me.
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Old 07-22-2010, 09:43 PM
 
Location: Chapel Hill, NC, formerly DC and Phila
8,555 posts, read 12,634,807 times
Reputation: 8315
We have a 2001 minivan and a 2002 PT Cruiser. We just got our bills today in the mail - $45 for each car. I am driving these things into the ground!
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