The new car tag/tax worked for me....

[sparked1]

You got lucky on the ad velorum. You're supposed to pay that no matter what.

They were letting people choose which way they wanted to go at the tag office in the months prior to the cutover. You could stick with the old ad valorem system or the new title tax system depending on what worked out better for you. Now you can't choose. Ad valorem is gone but only the first owner of a new car really sees the benefit. If you buy used, it will take you roughly five years before you break even with what you would've paid in ad valorem- plus you pay it all at once now.

 

[Bottoms polaris]

Yep me to. Just found out I'm going to owe about $11 for the ad volorum tax on my daughters car. Bought it feb. of this year and won't owe tag tax ever again.

 

[spencer60]

They did make it a better deal if you keep your new car for more than a couple of years. They also supposedly fixed the leasing rates as well, since those were way out of line.

The flip side is that now you are forced to pay sales tax (your 'title fee') on a used car in a private sale, and they calculate the tax based on Blue Book value no matter what you actually paid.

Given that used cars don't usually have as long a lifespan, and the old Ad Valorum was already pretty low after the first few years, this ads a significant amount of cost to buying used, which of course is the whole point.

 

[Snoopy45]

Worked out for me to. Paid zero dollars for my 2012 Frontier, but then had to pay $200 for the wifes 97 Honda CRV we bought this year. Still not too bad.