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Old 11-03-2014, 03:30 PM
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Avoiding Personal Property Tax for 2015

In my state we have to pay personal property tax at the end of each year. I didn't think about this when ordering my new Jeep . The order was placed Oct 27 and I was told there was a 6-8 week wait time. I just found out that if I sign a bill of sale for the Jeep before Jan1st, I will owe about $700-800 Dec 2015. IF I wait and sign the bill of sale after Jan 2, I won't have to pay that amount until Dec 2016. If the worst case scenario is 8 weeks, I am looking at the Jeep being at the dealers by Dec 23, at 6 weeks Dec 10th. Has anyone had their Jeep held at a dealership for a few weeks? Do dealerships even do that? I assume they know all about the tax situation. I am not sure if I should just let the dealership know I will be waiting to pick up the Jeep or not.. anyone have any experience with this?
I do have an Avalanche that will be traded in that I realize I will still have to pay PP tax for in Dec (if I wait until Jan 2 to finalize everything) , however that is about $150 or less..so I am looking at saving about $600 for the year by waiting /

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Old 11-04-2014, 10:41 AM
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Re: Avoiding Personal Property Tax for 2015

Since no one else replied, let me try.

In terms of timing, my JK came in roughly the same time as yours, but last year. Now, my dealer really, really wanted to get this sale on his "books" since it was the end of the month, end of the quarter, and end of the calendar year. I guess he was close to some quota level and wanted to make it.

So, there might be a conflict with you not wanting to pay 2014's tax on it, and your dealer wanting to make his 2014 quota.

I actually paid for my JK the day it came in, but didn't pick it up until two days later.
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Old 11-04-2014, 01:19 PM
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Re: Avoiding Personal Property Tax for 2015

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Originally Posted by WaltA View Post
Since no one else replied, let me try.

In terms of timing, my JK came in roughly the same time as yours, but last year. Now, my dealer really, really wanted to get this sale on his "books" since it was the end of the month, end of the quarter, and end of the calendar year. I guess he was close to some quota level and wanted to make it.

So, there might be a conflict with you not wanting to pay 2014's tax on it, and your dealer wanting to make his 2014 quota.

I actually paid for my JK the day it came in, but didn't pick it up until two days later.
Some places the dealer may be dinged for tax if it is "their" Jeep as of 31 Dec.

However, it never hurts to ask the dealers finance guys if they can help you in the honorable and patriotic tradition of screwing the tax guys out of every penny you don't have to pay.
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Old 11-04-2014, 01:28 PM
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Re: Avoiding Personal Property Tax for 2015

Quote:
Originally Posted by WaltA View Post
Since no one else replied, let me try.

In terms of timing, my JK came in roughly the same time as yours, but last year. Now, my dealer really, really wanted to get this sale on his "books" since it was the end of the month, end of the quarter, and end of the calendar year. I guess he was close to some quota level and wanted to make it.

So, there might be a conflict with you not wanting to pay 2014's tax on it, and your dealer wanting to make his 2014 quota.

I actually paid for my JK the day it came in, but didn't pick it up until two days later.
So I guess your dealer didn't let you wait to sign the bill of sale? If my Jeep arrives in the 8 week time frame , I would literally be paying around 600 plus dollars for owning the Jeep for 2 weeks. That really is something I hope to avoid if possible.
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Old 11-04-2014, 02:07 PM
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Re: Avoiding Personal Property Tax for 2015

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Originally Posted by gena3720 View Post
So I guess your dealer didn't let you wait to sign the bill of sale? If my Jeep arrives in the 8 week time frame , I would literally be paying around 600 plus dollars for owning the Jeep for 2 weeks. That really is something I hope to avoid if possible.
I was just trying to give an example of why a dealer might not want to accommodate your otherwise reasonable request. However, my dealer's reason might not be applicable to your dealer.

I'll add that there have been a few people here, and in other forums, that have had their new Jeep sit for weeks on the dealer's lot after coming in. Their reason was that they were waiting for a check; be it a buy-back check or an insurance check.
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Old 11-05-2014, 01:47 AM
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Re: Avoiding Personal Property Tax for 2015

Quote:
Originally Posted by gena3720 View Post
In my state we have to pay personal property tax at the end of each year. I didn't think about this when ordering my new Jeep . The order was placed Oct 27 and I was told there was a 6-8 week wait time. I just found out that if I sign a bill of sale for the Jeep before Jan1st, I will owe about $700-800 Dec 2015. IF I wait and sign the bill of sale after Jan 2, I won't have to pay that amount until Dec 2016. If the worst case scenario is 8 weeks, I am looking at the Jeep being at the dealers by Dec 23, at 6 weeks Dec 10th. Has anyone had their Jeep held at a dealership for a few weeks? Do dealerships even do that? I assume they know all about the tax situation. I am not sure if I should just let the dealership know I will be waiting to pick up the Jeep or not.. anyone have any experience with this?
I do have an Avalanche that will be traded in that I realize I will still have to pay PP tax for in Dec (if I wait until Jan 2 to finalize everything) , however that is about $150 or less..so I am looking at saving about $600 for the year by waiting / Thanks

Seriously? Show a bit more respect for the people with whom you deal, and own the fact that you "didn't think about it".

You're concerned about taxes on your Jeep that would be due in December of 2015? How about the guy who sold you the Jeep in October of 2014? Don't you think that he wants to get paid this year? The sales guy and the dealership should not have to take it on the chin just because you want to hold on to your cash FOR A YEAR.

You are asking your salesman to hold off on a booked sale, in the worst sales month of the year, just before HIS Christmas bonus, because its inconvenient for you? Look at it from their angle; would you want it done to you?

Your dealer may let you delay the delivery date, but is that the right thing to ask? If it keeps your sales guy or the dealership from meeting their monthly quota when they had you listed as a finished sale, its probably not the best way to handle it. You're not talking about July, or the middle of some other month, or you are waiting on a check. This is the end of the year. I'm guessing that you've never been in sales, right?

Yes, they do know about the tax situation in your state, and they expect that you do, as well. Your tax issues should not be their problem, however.

The tax implications of car purchases are another piece of the due diligence package that goes into buying a vehicle. Next time, do your homework and don't ask others to make up for your oversights. Suck it up and do the right thing.

Best of luck and have a great Christmas (2014).
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Old 11-05-2014, 02:29 AM
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Re: Avoiding Personal Property Tax for 2015

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Originally Posted by ReelMan View Post
...How about the guy who sold you the Jeep in October of 2014? Don't you think that he wants to get paid this year?
Maybe, but maybe not. I know a few salesman who make substantial salaries, and being that December is typically the BEST sales month of the year, it may benefit the salesman to collect his commission in the slower month of January.

Certainly, ONE "deferred" sale should not put the salesman in the poorhouse, if so he's chosen the wrong career.
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Old 11-05-2014, 02:46 AM
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Re: Avoiding Personal Property Tax for 2015

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Originally Posted by Milous View Post
Maybe, but maybe not. I know a few salesman who make substantial salaries, and being that December is typically the BEST sales month of the year, it may benefit the salesman to collect his commission in the slower month of January.

Certainly, ONE "deferred" sale should not put the salesman in the poorhouse, if so he's chosen the wrong career.
Milous, with all due respect, my point was that this was not a situation that happens because someone is waiting on a buy-back check (which, I suspect, the dealership would know about in advance) or the quality of the salesman; its about the perceived inconvenience on the part of the buyer.

I take issue with asking someone to eat responsibility for my oversights. It's just not the way to honor a business relationship. We all differ.
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Old 11-05-2014, 06:40 AM
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Re: Avoiding Personal Property Tax for 2015

I don't think the salesman would mind too much. Waiting until January defers his tax liability on his income tax for a year.

But, the dealership is probably eating into his holdback by paying floorplan for an addition 2 weeks. Cash flow and turn around time is just as important for a dealership as it is for Walmart, just on a smaller scale.

Besides, you know your state is going to use that tax money to provide nicer roads for your new Jeep.


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Old 11-05-2014, 08:30 AM
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Re: Avoiding Personal Property Tax for 2015

The OP needs to move. In the Peoples Republic of Washington State personal property tax is only paid by businesses, not individuals. The "personal" part distinguishes it from real property.

Trying to hold back my thoughts on government and taxation . . .

NC
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Old 11-16-2014, 10:04 AM
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Re: Avoiding Personal Property Tax for 2015

Yeah but the dealer has to pay inventory property tax on your Jeep - they'll want to get it off their lot before end of year. Just buy the dang thing - it's like complaining about the gas mileage.
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Old 11-19-2014, 09:58 AM
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Re: Avoiding Personal Property Tax for 2015

Quote:
Originally Posted by gena3720 View Post
So I guess your dealer didn't let you wait to sign the bill of sale? If my Jeep arrives in the 8 week time frame , I would literally be paying around 600 plus dollars for owning the Jeep for 2 weeks. That really is something I hope to avoid if possible.
I'm not sure what state you live in, but the value is prorated in most states. So if you only own the vehicle for 15 days during the last of the year, your tax bill in June will be prorated by about 15 days or so. You're going to have to pay the taxes either way, and personally I'd rather get them over with ASAP. Not sure if you get one bill a year or two? We get 2 here in VA.

You can also call your county office, tell them the MSRP on the vehicle and give them an estimated date of delivery. They will give you an estimate of the new amount due. I did this when I ordered my Jeep last March.
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