Volvo new parts cheaper in US than Sweden?

[Rattnalle]

but if selling to another person used you only have to pay tax if you make a profit.

Ill be tax free forever



In NY state, the buyer has to pay the sales tax on the purchase price of the used car when they go to register it, at the prevailing rate between 6-8.25%. Ill confess to under-reporting when I was younger and stupider, now I am a grown up and pay my share.Of course, the cars I bought when I was younger rarely went over $100, so it was petty crime.

Now Im in the $500 car regime, and I would be a big time criminal

We have an app for instantly changing ownership of the car in the vehicle registry using digital ID and a QR code from the car's latest registration papers. Nothing else involved apart from making the actual deal.

Ownership is separate from the car's own registration. The plates stay with the car it's whole existence.

[oragex]

Interesting. Same in Canada as in the US, a car may be sold 2nd hand 10 times (like an STI), Gov takes 7.5% tax each time regardless of the profit or lost. I wonder what's the idea behind taxing the same good N times. Now they want to put a tax on any used items transactions, such as on Craigslist sites

[abscate]

Thats very cumbersome, Rattnalle.

The DMV offices in the United States are much faster and more efficient. I wonder how EU survives, sometimes.

[Rattnalle]

Thats very cumbersome, Rattnalle.

The DMV offices in the United States are much faster and more efficient. I wonder how EU survives, sometimes.

No wonder our economy is tanking. We're obviously both not very efficient and don't employ enough people.

This seems so much better.

giphy.gif (3.4 MiB) Viewed 1090 times

[Rattnalle]

Interesting. Same in Canada as in the US, a car may be sold 2nd hand 10 times (like an STI), Gov takes 7.5% tax each time regardless of the profit or lost. I wonder what's the idea behind taxing the same good N times. Now they want to put a tax on any used items transactions, such as on Craigslist sites

Is it only taxed the first ten times or aren't you allowed to sell it on more than ten times? The latter would be ridiculous but it wouldn't be the first time something is.

7.5 % of the total sales price? That's a pretty decent chunk. And they use us as the prime example of high taxes and regulation..

[RickHaleParker]

an online search in the states showed that same part for $6 plus shipping to Australia.

US dealer's website or something other?

One trick in the US is to stuff all the profits where it is not up front. Such as in the shipping and handling. Restaurants in the US stuff all the profits in the drink. This is done so they they can advertise lower prices and look better then or competitive with the other place. Unless you get the shipping cost from the US website, your comparison is meaningless.

IMO: It is a form of bait and switch, advertise low, bill high.

[oragex]

Interesting. Same in Canada as in the US, a car may be sold 2nd hand 10 times (like an STI), Gov takes 7.5% tax each time regardless of the profit or lost. I wonder what's the idea behind taxing the same good N times. Now they want to put a tax on any used items transactions, such as on Craigslist sites

Is it only taxed the first ten times or aren't you allowed to sell it on more than ten times? The latter would be ridiculous but it wouldn't be the first time something is.

7.5 % of the total sales price? That's a pretty decent chunk. And they use us as the prime example of high taxes and regulation..

Taxed as many times as the car is being sold (no limit for how many owners, '10' was only an example). So if I have a 13 years old Lexus that had 7 owners before me (or 15...) and I'm selling it for $2000, the buyer pays an extra $150 tax. There is a small 'exit door' however, as there are no official 'value' books for cars over 10 years old, so usually when people sell a car older than 10 years, they will mark down on the registration papers a very low sale price, usually they mark $100, so buyer pays only $7.5 tax. Of course, this is 'illegal' because the sale value is always significantly higher. But if you think of it, the more a car has owners, the more the Gov is making tax money on the same item. Kind of weird.

[abscate]

That’s how sales tax works. We don’t have VAT in the US, mostly because it is used in Europe , which is too close to the big Red Scary Dog, so anything they do might be tinged with Socialism, or ( crosses himself) the big C.

How do the calculate the Vat on a used car sale?

I paid 28k for my V70 in 1999, sell it 20 years later for $3500. What’s the VAT basis?

[Rattnalle]

You don't pay VAT selling stuff between regular persons. Only from businesses.

But it's always calculated on the price you're paying there and then, not some sort of theoretical value.