In a pickle...

370zmobbber · 05-03-2009, 07:16 PM

So as we all know about these financial times everyone is doing bad and im stuck in whether i should wait a year or so and buy a 370 or wait around 6 months to get a 350 or something of that sort.. i want the 370 but the impatience is killing me... thanks

tru_Asiatik · 05-03-2009, 07:48 PM

Quote:

Originally Posted by 370zmobbber

So as we all know about these financial times everyone is doing bad and im stuck in whether i should wait a year or so and buy a 370 or wait around 6 months to get a 350 or something of that sort.. i want the 370 but the impatience is killing me... thanks

i think you already answred youre own question

dad · 05-03-2009, 07:58 PM

Why get a 350 in six months, when 6 months more you can get a 370! A 350, can't be a substitute for the 370.

AK370Z · 05-04-2009, 01:21 AM

I understand the fact that you can get crazy deals on 350Zs but every time you will see a 370Z on the road, you'll be upset. Just get the 370Z. Trust me you won't be upset

. Dealers are selling the 370Zs at invoice and you can get good financing from credit unions. Also, gov is giving you a tax relief at the end of year for buying a car. So, it's not a bad time to buy a car (considering you have a stable job)

DJcuetip · 05-04-2009, 02:21 AM

whats the tax relief you speak of?

AK370Z · 05-04-2009, 06:20 AM

Quote:

Originally Posted by DJcuetip

whats the tax relief you speak of?

If you have purchased your car after February 17th and if it's less than $49,000, you're entitled to tax break at the end of the year. I don't know how much but I believe it's enough to cover the tax fee on the vehicle.

370zmobbber · 05-04-2009, 09:03 AM

thanks everyone ya i think im gonna wait its just to sick of a car!!!

tru_Asiatik · 05-04-2009, 09:37 AM

Quote:

Originally Posted by AK370Z

If you have purchased your car after February 17th and if it's less than $49,000, you're entitled to tax break at the end of the year. I don't know how much but I believe it's enough to cover the tax fee on the vehicle.

yeah my accountant told me about that when i filed my taxes for last year
thats why i was not worried about the CA tax increase just for that reason

sylenze · 05-04-2009, 11:08 AM

just to make sure i understand this correctly...isn't this tax deductible only to lower your taxable income... i believe you do not get a full refund of the taxes you paid on the car... nontheless, i think it will still get you savings...especially with the raised taxes in CA..

ChrisSlicks · 05-04-2009, 11:25 AM

Quote:

Originally Posted by sylenze

just to make sure i understand this correctly...isn't this tax deductible only to lower your taxable income... i believe you do not get a full refund of the taxes you paid on the car... nontheless, i think it will still get you savings...especially with the raised taxes in CA..

Correct, it's a deduction. Basically you can expect to recuperate about 30% (depending on your taxable income) of the amount you paid in local and state sales tax and excise tax.

DJcuetip · 05-04-2009, 03:02 PM

i bought my car in the beginning of February =(.... do you think i can still get it because I didnt' register or barely even drive my car til march because I was saving up to pay the tax on the car since i got it out of state!!!! =(... and im 22 =/

takimbe · 05-09-2009, 07:55 PM

Yes, you can still get it. As long as you bought the car in 2009, you are qualified and can write off the sales tax of your vehicle. Since you bought it before the tax increase, you will only be able to deduct the 7.75% from your taxes, not the 8.75. it boils down to what the sales tax was for your car. its more or less for some, depending on the final sale price of their vehicle.

Its a shame they dont offer it as straight cash instead of just a deduction though

DJcuetip · 05-12-2009, 08:04 PM

sweeet!!! thanks for the info!!

Phimosis · 05-27-2009, 10:27 PM

Quote:

Originally Posted by takimbe

Yes, you can still get it. As long as you bought the car in 2009, you are qualified and can write off the sales tax of your vehicle. Since you bought it before the tax increase, you will only be able to deduct the 7.75% from your taxes, not the 8.75. it boils down to what the sales tax was for your car. its more or less for some, depending on the final sale price of their vehicle.

Its a shame they dont offer it as straight cash instead of just a deduction though

There's a max income of $70k per year or something to qualify for this.

GreenJalapeno · 05-27-2009, 11:30 PM

^ D:

05-03-2009, 07:16 PM	#1 (permalink)
370zmobbber Base Member Join Date: Mar 2009 Location: So Cal Posts: 28 Drives: 02 acura rsx Rep Power: 16	In a pickle... So as we all know about these financial times everyone is doing bad and im stuck in whether i should wait a year or so and buy a 370 or wait around 6 months to get a 350 or something of that sort.. i want the 370 but the impatience is killing me... thanks

05-03-2009, 07:58 PM	#3 (permalink)
dad Grand Prix of Endurance Join Date: Nov 2008 Location: Tennessee Posts: 3,476 Drives: Mulsanne Straight Rep Power: 25	Why get a 350 in six months, when 6 months more you can get a 370! A 350, can't be a substitute for the 370. __________________ We can do without any article of luxury we have never had; but once obtained, it is not in human nature to surrender it voluntary.

05-04-2009, 01:21 AM	#4 (permalink)
AK370Z Administrator Join Date: Sep 2008 Location: NJ Posts: 9,930 Drives: 09 370Z MB Sports M6 Rep Power: 10	I understand the fact that you can get crazy deals on 350Zs but every time you will see a 370Z on the road, you'll be upset. Just get the 370Z. Trust me you won't be upset . Dealers are selling the 370Zs at invoice and you can get good financing from credit unions. Also, gov is giving you a tax relief at the end of year for buying a car. So, it's not a bad time to buy a car (considering you have a stable job) __________________ The370Z Signature Pictures ll Want to rock our forum decals on your car? Then click here! ll How to Embed YouTube Videos In a Post STOP! (Hammertime) ll Become a Premium Member Click HERE ll F.A.Q. Are You a Nissan Dealer? Click Here to Become A "Supporting Dealer" and Start Listing Your 370Zs In Our Inventory Section My Monterey Blue Z ll My Exhaust --> My Intake --> G3 Nissan's Official Response Regarding Oil Temp Issue: CLICK HERE Need a Set of Cheap Winter wheels /Tires? Then Visit The Banner Link Below and Place Your Order. You'll Help Keep The370Z Alive.

05-04-2009, 02:21 AM	#5 (permalink)
DJcuetip Track Member Join Date: Dec 2008 Location: CA Posts: 704 Drives: 370 Rep Power: 259	whats the tax relief you speak of?

05-04-2009, 09:03 AM	#7 (permalink)
370zmobbber Base Member Join Date: Mar 2009 Location: So Cal Posts: 28 Drives: 02 acura rsx Rep Power: 16	thanks everyone ya i think im gonna wait its just to sick of a car!!!

05-04-2009, 11:08 AM	#9 (permalink)
sylenze Base Member Join Date: Mar 2009 Location: So Cal/SB county Posts: 222 Drives: 370z 6mt+SP PG Rep Power: 16	just to make sure i understand this correctly...isn't this tax deductible only to lower your taxable income... i believe you do not get a full refund of the taxes you paid on the car... nontheless, i think it will still get you savings...especially with the raised taxes in CA..

05-04-2009, 03:02 PM	#11 (permalink)
DJcuetip Track Member Join Date: Dec 2008 Location: CA Posts: 704 Drives: 370 Rep Power: 259	i bought my car in the beginning of February =(.... do you think i can still get it because I didnt' register or barely even drive my car til march because I was saving up to pay the tax on the car since i got it out of state!!!! =(... and im 22 =/

05-09-2009, 07:55 PM	#12 (permalink)
takimbe Base Member Join Date: Feb 2009 Location: San Diego, CA Posts: 223 Drives: 09' PG 370Z w/SP Rep Power: 264	Yes, you can still get it. As long as you bought the car in 2009, you are qualified and can write off the sales tax of your vehicle. Since you bought it before the tax increase, you will only be able to deduct the 7.75% from your taxes, not the 8.75. it boils down to what the sales tax was for your car. its more or less for some, depending on the final sale price of their vehicle. Its a shame they dont offer it as straight cash instead of just a deduction though

05-12-2009, 08:04 PM	#13 (permalink)
DJcuetip Track Member Join Date: Dec 2008 Location: CA Posts: 704 Drives: 370 Rep Power: 259	sweeet!!! thanks for the info!!

05-27-2009, 11:30 PM	#15 (permalink)
GreenJalapeno Enthusiast Member Join Date: May 2009 Location: La Canada Flintridge Posts: 355 Drives: 10 Nissan 370Z PW M6 Rep Power: 290	^ D: