crepr12
Senior Member
- Joined
- Sep 2, 2023
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- Location
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- Car(s)
- 24 ITS Black on Black
I've been reading/hearing this since 2021....
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I've been reading about the inevitable recession/depression since 2019, but haven't given it much credence until this summer. The signals are really starting to pile up now and I'm 99% sure 2024 will be the year something breaks. The big question seems to be whether we see inflation or deflation. I'm betting on deflation for a year or so followed by inflation like we've never seen before. That being said, I am never surprised by the wizards at the Fed conjuring up some new money magic tricks that keep our Titanic economy floating even as it crashes through iceberg after iceberg.I've been reading/hearing this since 2021....
I'm thinking 2025/26I've been reading about the inevitable recession/depression since 2019, but haven't given it much credence until this summer. The signals are really starting to pile up now and I'm 99% sure 2024 will be the year something breaks. The big question seems to be whether we see inflation or deflation. I'm betting on deflation for a year or so followed by inflation like we've never seen before. That being said, I am never surprised by the wizards at the Fed conjuring up some new money magic tricks that keep our Titanic economy floating even as it crashes through iceberg after iceberg.
I’m thinking inflation will continue. It seems everyone wants $15/hr minimum wage. Auto unions just won $42/hr. How are prices for cars and everything else not going to continue increasing. Manufacturer and employers just pass the costs onto consumers.I've been reading about the inevitable recession/depression since 2019, but haven't given it much credence until this summer. The signals are really starting to pile up now and I'm 99% sure 2024 will be the year something breaks. The big question seems to be whether we see inflation or deflation. I'm betting on deflation for a year or so followed by inflation like we've never seen before. That being said, I am never surprised by the wizards at the Fed conjuring up some new money magic tricks that keep our Titanic economy floating even as it crashes through iceberg after iceberg.
I'm dealing with Jonathan from executive on an MSRP deal for March.I got my ITS, 10/31/2023, as a used CPO car from Acura by Executive, in North Haven, CT. It had 1,015 miles on it and is Lunar Silver Metallic. $49,396 + $599 doc fee and tax and reg. One reason for the lowered price was to get the price under $50k because Connecticut charges at a higher tax rate of 7.75% for over $50k, under $50k is at 6.375. I was happy to get the extra warranty coverage because of the CPO, and of course pay less than MSRP. Brandon Hines was the sales manager I communicated with. Hopefully they do right by you.
I went in and sat down with Jonathan he was ok and so far it has been easy to stay in touch, I was also dealing with Jen at Berlin, still am as a backup to this deal.It is the state tax that goes from 6.375% to 7.75% above a selling price of $50,000. Jonathan was supposed to take care of me but the first day Brandon handed me off to John. Brandon never actually came over to say "hello" until the day I picked up the car (after two prior visits). But Brandon and I had a bunch of emails the whole time.
FYSA If you don't live in CT then you probably don't have to worry about the interest rate rising over $50k. I only say probably because I don't know what state you live in nor what local tax rules are in each state. My state rate is flat at 6%, and would be wherever I bought because that's where it's being registered.I went in and sat down with Jonathan he was ok and so far it has been easy to stay in touch, I was also dealing with Jen at Berlin, still am as a backup to this deal.
As far as the added interest on sales over $50k, no way to avoid going over 50k so if that is the cost then so be it, it's only money and life is too short to sweat the small stuff, I want the car so whatever Ill just have to deal with it.
Don't get me wrong, I don't have money like that, and I work my ass off for what I have, so I'm not saying it like pfff whatever here ya go, .. hardly,
Just saying, I know what I want, and if the cost is elevated because of this tax thing, then oh well, Ill make it up on my next car purchase.
I am about as savy as they come when it comes to saving money and in the past I have pulled off some real great finds, so this one will just have to be what it is.
I live in Bristol, CTFYSA If you don't live in CT then you probably don't have to worry about the interest rate rising over $50k. I only say probably because I don't know what state you live in nor what local tax rules are in each state. My state rate is flat at 6%, and would be wherever I bought because that's where it's being registered.
Then yes it applies to you lol.I live in Bristol, CT
It's all good, I wish I lived in TN about now.Then yes it applies to you lol.
Confused you with someone I thought was in Tennessee. NVM
hmmm, does that mean buying new from a dealer, excludes people from having to pay the higher amount?Connecticut auto tax regs:
https://portal.ct.gov/dmv/vehicle-services/sales-tax-registrations?language=en_US
The important part:
Private sale
Passenger vehicles and light duty trucks purchased from private owners (not a dealership) are subject to sales tax of 6.35% (or 7.75% for vehicles over $50,000).
Connecticut Sales and Use Tax is based on the NADA average trade-in value or bill of sale value (whichever is higher). The purchase price must be written on the Application for Registration and Title (form H-13B).