Quote:
Originally Posted by golovko
yeah, I lease. I think its around 5% property tax here not counting the $33/year for an Arlington Country sticker that says you own a car here  |
Yes. If you own its no tax on the first 3k, then 71% of the next 5% value up to 20k, and after that you are on the hook for the full 5%. That is why someone was talking about Owners Choice since it is like you own the car on paper but have the option to turn it in like a lease. Appears to be like having a balloon payment at the end. It should be about 3100 (3500 total, but subsidy of 400) on a 70k value. From what I read they use the lowest published price. Though I have never had to deal with VA yet. As others have probably said before income tax in lower in VA and you can conceal carry or open carry for that matter. Freedom isn't free.