July 27, 2010 05:22PM
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Registered: 15 years ago
Posts: 1,869 : Amagansett, New York |
This year our registration fees have more than doubled for cars and motorcycles have more than tripled and atv's have gone up a few bucks. I was wondering how these fees where looking in your neck of the woods, and also wondering what has brought this all on, wall street, the war?... don't tell me, I know; bail-outs for the suits
Rick |
July 27, 2010 05:47PM
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Registered: 15 years ago
Posts: 1,538 |
July 27, 2010 07:29PM
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Registered: 15 years ago
Posts: 609 : SoCal |
July 28, 2010 09:08AM
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Registered: 15 years ago
Posts: 670 |
July 28, 2010 01:16PM
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Registered: 15 years ago
Posts: 636 |
How much is a lot? Pretty sure registration fee in Washington state is still under $100 for a year. Compared to the many other costs of car ownership, this strikes me as pennies... Not that I wouldn't mind not paying "pennies"
----------------------------------------------------------------------------------- 1989 - E30 - M20 - Manual. Approximately 270,000 miles 2000 - E46 - M52TUB28 - Manual. Approximately 110,000 miles |
July 29, 2010 05:58AM
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Admin
Registered: 15 years ago
Posts: 584 : Vermont, USA |
July 29, 2010 10:05AM
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Registered: 15 years ago
Posts: 1,869 : Amagansett, New York |
Huumm, maybe new york is just coming up to other states prices, just seemed like a steep jump for my bikes in one year; 10 bucks a year to 38, that's almost 400 percent mark up. Right? Cars went up but not that much Well look, if I can't be counted on to help those poor wall street guys then who will Thanks for the input, but please keep the rates coming. I'd like to know what you're paying and where you live (general area is enough) Regards, Rick |
July 29, 2010 01:08PM
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Registered: 15 years ago
Posts: 670 |
July 30, 2010 04:38AM
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Registered: 15 years ago
Posts: 280 : NW of Boston, MA |
Massachusetts can't really be defined with a single "registration" fee. Technically the true registration fee (keeping the plates current) is something like $50 for two years. But we have a mandatory $29/yr inspection, during which they plug in the OBD reader, kick the tires, and check the headlights. Then we have to pay an "excise tax" yearly to the town in which the car is registered. This is based on the value of the car and is obviously highest in the first couple years of a car's life. Basically what they do is they take the published MSRP for your car (no options), then in the 1st year you pay a 2.5% tax based on 90% of that MSRP. The next year, it's 70%, then 50%, 30%, and it settles at 10%. I think that's basically how it works. So if you keep your car for a long time, eventually you just have to pay the 10% cost every year. They really want you to get a new car every couple of years, it keeps the tax revenue up!
This confused me at first, so here's an example. For my 2004 E46, let's pretend the MSRP is $30k. The actual price when it was new was higher because of options, etc, but basically if there was a 325XiT in the Blue Book at $30k base, that's what they use. So for the first year of ownership, they take 90% of $30k = $27k. The tax I have to pay is 2.5% of that = $675. Then the next year I pay 2.5% based on 70% of $30k = $21k - tax = $525. Then it's down to 2.5% of 50% of $30k = $15k - tax = $375, then the next year is $225, then it settles at 2.5% of 10% of the initial MSRP ($3k) = $75. I will pay $75 yearly on that car for as long as I own it. If I buy a new car, the cycle starts all over again. So technically this isn't a "registration" fee, but I consider it to be such because it's a yearly fee I have to pay to use my car. This is on top of the sales tax in that first year you buy it, and on top of the gas taxes we pay that are supposed to be used to maintain the roads. I really don't know what purpose the "excise" tax is, other than an excuse to get more money for the state and local gov't. So the moral of the story is that to keep the E46 on the road, I pay $25 every year for the plate, $29 every year for the inspection, and ~$75 every year in tax. And it's MUCH worse in the first few years of ownership. I'm only down that low because the car is old enough to be in the bottom of the excise tax scale. The inspection and plate costs are the same for every car, but the excise tax varies depending on what the initial MSRP of your car was. So it's less for my Mazda, it is less for the E30 (whenever that gets back on the road), and it's much higher for the new Bentley. Cab 1990 325i(s) 2004 325XiT |
July 30, 2010 01:12PM
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Registered: 15 years ago
Posts: 1,869 : Amagansett, New York |
Yeah, those Bentley types are expensive.. Wow, all those fees do mount up, I guess I shouldn't complain about my 107.00 for two years plate fee, inspection 25.00 per year and 300.00 per 6 months insurance fees now that I'm an old fart I think Connecticut has some steep fees too for cars and I'm sure they haven't gone down any... Thanks guys |