Got a good deal on a new car? Lawmakers are moving to give you a break on the tax you pay when you first get the vehicle and every year you own it.
Arizona lawmakers are moving to give you a break on the tax you pay, not just when you first get the vehicle but every year you own it.
And, based on a study by Cox Automotive, there is a history of car buyers getting deals. That organization found that in 2019, the average sales price for all vehicles sold nationwide was $30,858, which was about 5.7% below the manufacturer's suggested retail price."For decades, taxpayers have been getting screwed,'' she told Capitol Media Services."They have been paying tax on a fictitious, made-up, higher than what they paid for the car.
That Edmunds report found that a whopping 82.2% of all new vehicle purchases nationwide in January were above MSRP, compared with just 2.8% a year earlier and 0.3% at the same time in 2020. "This makes it either/or, which protects in a situation like right now where there's more instances of people paying more, above MSRP,'' she said. But Ugenti-Rita said she believes that's just a temporary situation.
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