[shawnmkrt]

useless, trading car in

[Carac]

Originally Posted by shawnmkrt

Hey guys I want to get rid of my i8

its a 2015 with 1900 miles pure impulse package blue. sticker was 148,000

I could do 120,000 and you can save by buying it from a private owner by paying 0 tax

thats like paying 108K for this car.

You can finance 100K of it with penfed with 1.99% financing they usually give instant approvals

Do they not tax private car sales in AZ? In VA, you pay 4% state car sales tax the second you register it, whether it's brand new or 50 years old. And if you trade at a dealer, you pay 4% on the full price of the new vehicle, not the price minus the trade...and then you pay 3%+ of the appraised value of the car each year (forever), depending on what county you live in. 3% is the minimum.

[MalibuBimmer]

It's 9%+ in California (depending on your county). This is a tax imposed on all purchases/sales of automobiles, in addition to licensing.

[MKSixer]

Originally Posted by shawnmkrt

Hey guys I want to get rid of my i8

its a 2015 with 1900 miles pure impulse package blue. sticker was 148,000

I could do 120,000 and you can save by buying it from a private owner by paying 0 tax

thats like paying 108K for this car.

You can finance 100K of it with penfed with 1.99% financing they usually give instant approvals

Death. Taxes. They cannot be avoided. The savings is on the price and even that is negligible based on the going rate of new i8s on the market. GLWS.

Cheers-mk

[shivaswrath]

We have new 2015s for $125k locally.

[shawnmkrt]

Theres away around taxes for private sellers only but I dont want to post it here you can PM me if you want to know. If you buy from a dealer no way around it.

[MalibuBimmer]

Suggesting privately how to cheat on taxes is not a winning strategy for selling your car at a price higher than new cars are now being discounted. If you want to sell the car you're going to have to get down to the $100,000 range. And even that may not be enough.

I'm not happy about it, but these cars have depreciated in value faster than a new V-12 Mercedes with a Renntech body kit and 22 inch wheels.

[Carac]

Yeah, tax evasion is probably not the best incentive to offer prospective buyers.

[shawnmkrt]

You guys are funny its not tax evasion there certain ways around it if you have purchased a car in the last 6 months and already paid taxes on it a work around you guys are funny so quick to judge. Anyway good luck i8 friends its gone already I traded it in and since the car is gone I can say that the I8 sucks, its slow dull boring to drive worst car I purchased. Looks kind of cool though

[MalibuBimmer]

Originally Posted by shawnmkrt

You guys are funny its not tax evasion there certain ways around it if you have purchased a car in the last 6 months and already paid taxes on it a work around you guys are funny so quick to judge. Anyway good luck i8 friends its gone already I traded it in and since the car is gone I can say that the I8 sucks, its slow dull boring to drive worst car I purchased. Looks kind of cool though

Glad you're rid of a car that wasn't worthy of your driving skills and expectations. As for tax evasion, you can call it "certain ways [to] work around [taxes]" and we'll call that tax evasion. Of course, our characterization is not worthy of your expectations, either, but what the hell. We obey the law. Even those we don't like or find inconvenient. But, then, we're little people who like the i8.

[shawnmkrt]

Ugh, I never said anything about the i8 being beneath me what are you talking about. I said it was slow, dull and boring. I bought my car brand new from the dealer so I paid taxes on it.

I've never met someone who is so proud about paying resell tax on a car to the US Government knowing what the Government uses the money to spend the money on.

[MalibuBimmer]

Originally Posted by shawnmkrt

Ugh, I never said anything about the i8 being beneath me what are you talking about. I said it was slow, dull and boring. I bought my car brand new from the dealer so I paid taxes on it.

I've never met someone who is so proud about paying resell tax on a car to the US Government knowing what the Government uses the money to spend the money on.

You can save us your anti U.S. Government rant. As everyone else here seems to know, sales (and use) taxes are imposed by and paid to state governments. Carac and I even specifically referred to states imposing those taxes. Looks like you didn't read what we posted.

I can see why you didn't like your i8. Understanding and appreciating how things work does not seem to be your forte. Those of us who have read the i8 manual and understand how it works do appreciate it. (Among other things, we know how to put it in "sport" mode. It's plenty fast when we do. It's just as quick as my M4 and much faster than my old M6.)

[MKSixer]

Originally Posted by shawnmkrt

Ugh, I never said anything about the i8 being beneath me what are you talking about. I said it was slow, dull and boring. I bought my car brand new from the dealer so I paid taxes on it.

I've never met someone who is so proud about paying resell tax on a car to the US Government knowing what the Government uses the money to spend the money on.

Off the line it's faster than 98% of all vehicles on the road today. This is the the thing with forums like this: We, the 1%'s who tend to post on these, start believing this ultra-microcosm of car ownership is the norm. It most certainly is not.

I hang out with a bunch of guys that have exotics and other high performance cars. The avg mpg of this fleet driven the way we drive hovers around 10 mpg. It is our norm. So much so that I began behaving as though getting 9-11 mpg (My M6) was normal. The look of shock and horror on a few friends faces when I shared this statistic with them quickly brought me back to reality.

Hopefully this brought you back to reality regarding the performance of the i8.

Cheers-mk

P.S. Pay your taxes. If you choose not to, don't broadcast it on a global internet message board.
Lifestyle audits are a real thing.

[shawnmkrt]

Appreciate synthetic engine noise coming from your speakers? and off the line the tesla is faster then 100% of the cars whats your point.

[MKSixer]

Originally Posted by shawnmkrt

Appreciate synthetic engine noise coming from your speakers? and off the line the tesla is faster then 100% of the cars whats your point.

Untrue. My point was exactly what I said. Please read again, this time for understanding. A couple of people have tried to share a little wisdom with you.
Unsuccessfully.

Enjoy your next vehicle in good health.

Cheers-mk

[YWGT3]

Originally Posted by shawnmkrt

Appreciate synthetic engine noise coming from your speakers? and off the line the tesla is faster then 100% of the cars whats your point.

If you believed in all of what you said, then perhaps you should've test driven the vehicle before blindly purchasing one. However, if you did test drive the i8, then I am at a loss for any flattering or supportive comments pertaining to the rational behind your i8 purchase. Either way, an informed and rational purchase would avoid any future disappointments, let alone the need for making condescending remarks towards car enthusiasts and their choice of vehicle, such as in this forum.

[shawnmkrt]

the Tesla P85D will beat anyone off the line. Would I drive it hell no

[ChiTownM]

Sooooooo what did you trade it in for, what's the new ride? How much did you get for as trade in?

[jhbi8]

I suspect your "work around" is to "declare" a lower sale price to the buyer in paperwork but get your fill asking. That is not a "work around," it's fraud. And you or buyer will have to declare sale price under penalty of perjury anyway when registering or titling.

[MKSixer]

Originally Posted by jhbi8

I suspect your "work around" is to "declare" a lower sale price to the buyer in paperwork but get your fill asking. That is not a "work around," it's fraud. And you or buyer will have to declare sale price under penalty of perjury anyway when registering or titling.

This.

Fines and Jail. To save $5,000.00 Gimme a break.

[13pauls]

I don't care how much my i8 has depreciated, hands down the best car I have ever owned.

[MalibuBimmer]

Originally Posted by jhbi8

I suspect your "work around" is to "declare" a lower sale price to the buyer in paperwork but get your fill asking. That is not a "work around," it's fraud. And you or buyer will have to declare sale price under penalty of perjury anyway when registering or titling.

Good point. Or not declare a purchase at all. I suspect there will be some cutting now (his first post has basically been removed), but the starter of this thread has hinted in other posts he has made on this site that things can be purchased without being taxed.

It turns out he got $10K off the list price on his i8 and was willing to take a $10K bath and give someone a "great deal" on the purchase price (from him) once that person followed his advice and failed to pay due taxes. But most of us who have had i8s know that the depreciation at this point is going to be a lot more than $10K.

Finally, I note our original thread starter is from California (he has said so in other posts on other threads), but he puts down Arizona as his location.

Drives: M3 and Lotus Evora
Join Date: Mar 2013
Location: az

I suspect that's how he avoids paying his California taxes. If he does, I resent that. I live in California and I pay my taxes. I may not like paying so much, but I don't commit fraud to avoid paying them.

This has been a very revealing thread. And not so much on what a used i8 is worth.