You do in Colorado. I paid 8.4% sales tax and last year my ownership tax was a bit north of $1,000.
Trade in 18 Raptor for new 2021 Raptor?
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Frank N
FRF Addict
No property tax on auto in NJ, just hammered on the purchase.
JohnC12
Full Access Member
Wow... you're not kidding!
Here in Virginia, we pay a 4.15% sales tax upfront, but that's it - no taxes on sold vehicles. BUT, we do pay a hefty $4.20 per $100 in the county I live in. My Raptor cost me $2,684 the first year I bought it... went down to $2,034 the second year. It's the gift that just keeps on giving. I guess the tax man gets you one way or another!
Here in Virginia, we pay a 4.15% sales tax upfront, but that's it - no taxes on sold vehicles. BUT, we do pay a hefty $4.20 per $100 in the county I live in. My Raptor cost me $2,684 the first year I bought it... went down to $2,034 the second year. It's the gift that just keeps on giving. I guess the tax man gets you one way or another!
I live down the road from you in Ashburn and feel your pain!!!
Turning Blue
Full Access Member
You may want to do some research on this. Illinois limits the tax savings to the first 10k on a trade-in. This changed on Jan 1, 2020. You can thank JB and his fellow dumbocrats.
Josh84
Active Member
I am putting my 18 on the market now and trying to get a 2021 ordered . I will not trade in because once that order bank opens up the value of my truck is going to drop like a rock.
Frank N
FRF Addict
They said that 5 years ago with the Gen 1....never happened.
A well equipped 'base' Raptor will be pushing 80K at MSRP. I don't see my 55k value of my 18 'dropping' like a rock.
Dtsgli
Active Member
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The difference here is that there isn’t much of a difference between the Gen 2 and 3 so one would think the Gen 2 values won’t be impacted but based on indexing consumer confidence for the remainder of the year and the metrics out there, I would assume by the end of Q2 we’ll see Gen 2 Raptors fall in value. Plus why would a dealer give you almost as much for a used Gen 2 when the new Gen 3 starts at $64k. Those that are getting insane values now won’t when the new one rolls out.
Frank N
FRF Addict
Oh they won’t be as high trade ins sure but the only people getting a 66k with delivery is if a dealer lets them order one at MSRP. I am waiting for an R anyway so damn the torpedoes, full speed ahead...and wait.
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