BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

Post Reply
 
Thread Tools Search this Thread
      05-01-2008, 11:09 AM   #1
tcallquest
Enlisted Member
6
Rep
44
Posts

Drives:
Join Date: Apr 2008

iTrader: (0)

DC Tax Question

Hi there.

I live in DC, but am purchasing my 1er in Maryland. I will either be trading my car to the dealer, carmax, or selling it privately. Do I get a tax credit on the difference between my car sale and the price of the new car? Or do I have to pay the full 6 percent for the new car?


Thanks for the help.
Appreciate 0
      05-20-2008, 04:32 PM   #2
DC135i
Private
11
Rep
86
Posts

Drives:
Join Date: May 2008

iTrader: (0)

That is a good question! I've never heard of this but I want to know too! I'm in the same situation, and my 135i is on order from BMW of Silverspring (Tischer).
__________________
[SIGPIC][/SIGPIC]
Appreciate 0
      06-06-2008, 09:51 PM   #3
jlee
Captain
jlee's Avatar
No_Country
167
Rep
773
Posts

Drives: M2CS+GTS Targa+RRS SVR
Join Date: Jun 2008
Location: Washington DC

iTrader: (1)

apparently when the sales tax went from 5% to 6% they allowed us to get the tax credit for the trade in. they didn't used to.
Appreciate 0
      06-14-2008, 09:04 AM   #4
Bilsko
New Member
2
Rep
20
Posts

Drives:
Join Date: Jun 2008

iTrader: (0)

Can't say definitively about MD - I just got a new 135 in VA and sold the old car at Carmax (also in VA). No tax credit.

I did, however, just get a check from the dealer with an invoice listing it as a 1% DC Tax refund...not really sure why.
Appreciate 0
      06-26-2008, 09:58 AM   #5
imported_volsfan0911
Enlisted Member
0
Rep
40
Posts

Drives:
Join Date: Mar 2008

iTrader: (0)

The District should cut you a 1% tax credit for the difference as per the poster above. MD will hose you for the sales/excise tax difference coming into the state (bought my Accord in Richmond back in '04, paid 3% tax, had to fork over the difference titling it here in '06). I think that if you purchase here in MD, then you'll have to pay 6% no matter what since that's a sales tax on goods purchased. Check with the stealership though - that should be a scenario they have everyday I would think.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 05:20 AM.




1addicts
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST