LJ_Viking
Active Member
- First Name
- Matthew
- Joined
- Jun 1, 2020
- Threads
- 5
- Messages
- 41
- Reaction score
- 26
- Location
- California
- Vehicle(s)
- 2020 Gobi Gladiator Rubicon
- Occupation
- Financial Manager
You are correct - it's the interest on the taxes/registration that I am trying to avoid. I'm looking at about $5,500 to $5,800 in tax/registration fees (8.975 tax rate for my city).You are paying the same sales tax regardless of whether you pay it yourself/higher down or it's rolled into the loan. . . You may be overthinking the taxes. Assuming tax is $4k, and the loan rate is a (high) 7%, if you plan to drop a large 1st payment, worse case you are looking at ~$23 interest on the sales tax for a month.
Peterson collects sales tax on the purchase price. CA sales tax rates vary by city/county (7.75% in San Diego County).
I'm half Dutch, I can't help it. This was a bigger deal when I thought there might be a minimum percentage of the loan required to carry for the 6 months. The larger the loan, the larger that percentage. Now that I know that isn't the case....might be worth the $30~ to roll it into the loan. Might.
But seriously, this discount is good. I am glad you posted about them and shared your experience! And I am taking your advice and flying up and driving back.
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