Posted on 02/21/2009 11:13:16 AM PST by Steelfish
Car dealers fear state tax increases will put the brake on sales
Dealers say tax hikes used to help close California's budget gap will raise the cost of buying a car and drive away customers.
The levies, imposed to help close a $42-billion projected state budget deficit, will add almost $400 to the price of the average new car.
By Ken Bensinger February 21, 2009
California's auto dealers are worried that the state's new budget will put an even bigger dent in already miserable sales.
Increases in the sales tax and vehicle license fees were key components of the measure signed by Gov. Arnold Schwarzenegger on Friday.
Both raise the cost of buying a car.
(Excerpt) Read more at latimes.com ...
Ve haff vays of making you people ride der bus. |
Stop the presses...you mean higher taxes don’t stimulate the economy and fuel growth in sales! What about the economic boom in 1993 after Clinton’s tax increases...did the media tell a fib?
I did it a few years back and have not looked back.
Vince
the tax increase just stopped my purchase of a new car will drive my 98 sable into the ground and then wear out my f-150
http://www.youtube.com/watch?v=3tv2VVGuwBs
Even Arnold agrees with this (see link)...oh, wait that was in 2003. What a fraud.
A friend told me that a person who retires on a California state pension has to live in California or lose the pension. Does anyone know if that is true? I don't think that is the case in my state.
Going to be mighty difficult here. A few months ago they took away our twice-daily service (6 AM into town, 6 PM back). My wait for the next bus to come along is probably measured in years.
I generally retire my vehicles at about 250k miles. I have about another 100k to go on my '92 Suzuki Tracker.
Smart damn advice if you aks me.....
Kalifornia is committing suicide with these tax hikes.
Part of the liberal plan to force you to stop driving. We’re living at the hands of petty dictators.
Cut back on entitlements and send the illegals back to Mexico.
I have no complaints on my '96 Sidekick except that the front seals have a propensity to go out, requiring the timing belt to be replaced. Have seen the same thing on other Suzuki/Geo three and four cylinder motors. Other than that, they seem rather bulletproof given normal maintenance.
Not enough stupid rich folks left to tax. With a $42B hole to close (so they say - I believe it’s closer to $50B), you could jack up the top end rate to 100% and not even come close.
The smart ones either moved out of state completely, or are domiciled out-of-state and still living in CA in their “second homes”.
Personally, this scrubs the plans we had to replace our two cars (one nine and the other seven years old) this year. From what I hear from other folks, lots of rumblings about cutting back on taxable purchases and/or moving out of state.
Guess those dealers are either going to have to sell the public on the idea that sales tax on a new car is now deductable as an adjustment to income, or they’re going to have to eat a few hundred more bucks per car.
The strategy seems to be DIG the HOLE even DEEPER.
But you must make a solemn oath to make sure that what happens in Kah-lee-for-neeya stays in Kah-lee-for-neeya!
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