FS: '05 Lotus Elise

[Elisa05]

For Sale:

2005 Lotus Elise
Ardent Red
Star Shield
Touring Pack
500 Miles

Located in San Francisco.

Took delivery 1 week ago. Owner has decided not to keep the vehicle.

$52k, pictures and detailed information on request.

email elise05@gmail.com for more info.

[atyclb]

Originally posted by Elisa05


$52k, pictures and detailed information on request.

[grudkin]

Good luck...

[offroadr35]

market seems to be about 46 now. Pretty much the same as it costs to drive a new one off the lot with tax and everything.

[raggedy1]

i believe bmc in SF charges 2.5K over sticker so the owner paid a little more than sticker for the car so that should be the starting point, no?

in sf and interested...

[LotusLust]

no luck wished from me. i hope a large truck takes it out in a hit and run when the car is parked and you lose your ass on it

[Highlander]

Originally posted by LotusLust
no luck wished from me. i hope a large truck takes it out in a hit and run when the car is parked and you lose your ass on it

Ouch. Remind me not to get in your way on Friday!

[Randy Chase]

Originally posted by raggedy1
i believe bmc in SF charges 2.5K over sticker so the owner paid a little more than sticker for the car so that should be the starting point, no?

in sf and interested...

With sales tax, license and a 2.5k premium, the actual cost was just near $50k.

[Ground Loop]

Coincidentally, my car is optioned the same way, and here's my notepad:

$40,930 Base
    995 Star Shield
  1,350 Touring Pack
    795 Destination
     45 doc prep
  2,500 Extra dealer profit
-------
 46,615 subtotal

  3,613 7.75% sales tax (Rancho Mirage )
   $349 license fee (est)

 50,576 Total OTD

So you get to pay the dude $1500 to put those first 500 miles on it for you.

Seriously though, if you're hard up for a car Right Freekin Now, that might be the smallest premium yet ($4000 over MSRP) if you can get out of paying a second glob of sales tax.

I'm glad to see premiums coming down. Maybe by the time my 2007 car gets here, they won't be able to charge dealer market bloat any more.

[Mean TT]

Are you sure that the sales tax for vehicles is not different? Here in Texas the car sales tax was something like 6.25%. Sales tax I think is 8.25% I know that they are different in different states.

[atyclb]

Originally posted by Mean TT
Are you sure that the sales tax for vehicles is not different? Here in Texas the car sales tax was something like 6.25%. Sales tax I think is 8.25% I know that they are different in different states.

sales tax for the State of Texas is 6.25%

anything you pay above that is local sales tax, which you do not pay on cars

[Mean TT]

Of course yor are right. My brain seems to have been disconnected for a short time. Please excuse me.

[Randy Chase]

This sale is based in San Francisco, which I believe is over 8 percent?

Here in San Diego, it's 7.75%

There is no difference for cars in California.

And to be clear, it's really not a tax on the car, it's a tax on the transaction. The State Board of Equalization likes to make that distinction. You can buy a car and sell it a week later. Two transactions. Ack. Unless of course you are a dealer with a resale license.

[MikeRoberts44]

Here in Missouri, we also pay sales tax on used cars. If I were to buy it, I would have to add on Missouri sales tax when I register it.

[raggedy1]

sales tax in SF is 8.5%

my concern (however paranoid) is that I won't see a car for nearly 2 years and I'm not sure I want to chance that

#50 at a dealer that has delivered 4 customer cars plus a demo. No info on allocation available, so if I assume, what, maybe 3 cars a month I'm 15 months away

that's assuming a number that may not be realistic or may be conservative - who knows!

I went to look at a C6 today but it hadn't arrived yet. looks like the chevy dealers will be asking a premium for awhile so that won't be an option either even if i liked the car. I have a VERY hard time even thinking about paying over msrp

hard up for an elise? yes, i guess i am but i haven't jumped yet.

[darwid]

Apparently this car is also on sale on ebay (Red ardent/San Francisco, 500 miles, 52K$ buy now, same pic):
http://cgi.ebay.com/ebaymotors/ws/eB...490968119&rd=1

I think you shouldn't rush and follow up on the ebay auction to see how to goes (in general it skyrockets in the last minutes).

Just my 0.02

[Dan]

Originally posted by Ground Loop
So you get to pay the dude $1500 to put those first 500 miles on it for you.

Don't forget the sales tax on top of the $52k.

[andykeck]

Originally posted by Dan
Don't forget the sales tax on top of the $52k.

Yeah, that makes it a 56 or 57K car depending on where you live. More like a 7K premium.

[ConeFusion]

Originally posted by MikeRoberts44
Here in Missouri, we also pay sales tax on used cars.

Yes, but you also get a refund if you sell a used car. It's actually a very fair system. The original buyer pays the tax on the purchase price. From then on, the state doesn't get any more money. In a private transaction, the buyer pays tax on the price, while the seller gets a refund on the same amount.

Of course it might not work as well if the car comes from a different state.

[MikeRoberts44]

Originally posted by ConeFusion
Yes, but you also get a refund if you sell a used car. It's actually a very fair system. The original buyer pays the tax on the purchase price. From then on, the state doesn't get any more money. In a private transaction, the buyer pays tax on the price, while the seller gets a refund on the same amount.

Of course it might not work as well if the car comes from a different state.

You are a bit more optimistic in our State Government than I am. It actually works fairly well if you trade in your existing car for a more expensive one. In my case, I am planning to replace both my Elan and my DeLorean with the Elise. Missouri supposedly has a form to fill out for a partial refund of sales tax paid when you register a new car and separatly sell another one. I ordered that form on line over six months ago. It has not showed up yet. I would like to review the form because no one in the Department of Revenue seems to be able to tell me if I can deduct the sales price of both cars. They did mention that the separate sale has to be within six months of new car purchase.

A couple of things are clear:
1. If the SF guy recovers California sales tax in his price, Missouri will collect sales tax on the California sales tax. Fair?
2. If I sell a car without buying another within six months, the buyer pays sales tax on a car I have already paid sales tax on. Fair?
3. I am willing to bet that I cannot recover sales tax on both car sales. Fair?