I think the 2014s are not being bought - people are holding out for the 2015sHas the supply caught up to demand? They seem to be selling at or very close MSRP these days..even on eBay. Far cry from even a month ago.
Well, OP seems to have sent in his note from Manhattan, so...Read the thread about the frustrating LR sales process. There are several responses in that thread that list the LR dealers around the country that are still trying to get premiums, some mentioned in LA, DC and NYC.
Minus several thousand dollars in tax, don't forget. And another several thousand in tax for your next vehicle. Not exactly a free year.My dealer has already told me he'll buy my 14.5 V8SC back in six months for the same price I bought from him six months ago as a trade for an SVR or any other new vehicle they sell, if mine has got less than 10K miles (only have have 3500 miles on it six months in). That means I'd have been driving it for free for one year by the time I trade it in. From what I see I could probably get a little more for it if I tried to sell it privately, but my dealer was righteous enough not to have charged me over sticker so I'm happy to reciprocate by trading my vehicle in a year later at the same price I bought it for.
Excellent perspective. The sales tax in DC is 8%, so one is looking at a number north of $9000 for each transaction.
Don't you get a sales tax credit if they bought it high and you only have to pay the difference of the sales tax of the new vehicle.
Sales tax credit for prior transactions differs from state to state. I can say in DC there is no credit and it's 8% over anew for each transfer or new registration. It can get pricey!
It's funny you should say that, I used to live in DC (glover park) before I moved to SC and switching cars every year used to be a huge tax burden. Not any more, SC has a maximum $300 sales tax on any vehicle even if it costs half a mil. Instead you pay annual property tax. So yes there is a tax to pay but it's not prohibitive as far as switching cars as much as you want cause it doesn't have to be paid up front. Let's put it this way, my tax bill for one year of owning the RR is about $1k, iirc in DC it would here been close to $10k up front.Sales tax credit for prior transactions differs from state to state. I can say in DC there is no credit and it's 8% over anew for each transfer or new registration. It can get pricey!
Congrats. Whoever is saying that lightly used RRs are not commanding a premium is dreaming. There is huge demand for instant gratification - get a nearly new 2014 RR immediately for $10K (HSE) to $30K (Autobiography) over MSRP, or wait 4-6 months for the same car but with 0 miles. Lots of people are choosing not to wait. On top of that, exporters covet the lightly used vehicles because they're MUCH easier to send overseas and still command 2-3x the price of a new one in the U.S.Just sold my 2014 HSE with 9200 miles for 10K over MSRP to a private party.
If he trades his current truck in for another truck and has to pay a difference of 10k he only needs to pay tax on the difference.
We have to pay 8.5% on the full amount including up charges here in CA every time, it costs about 11% to put a Car on the road.....If he trades his current truck in for another truck and has to pay a difference of 10k he only needs to pay tax on the difference.
Not so in most states. Most require full tax regardless of prior transactions.If he trades his current truck in for another truck and has to pay a difference of 10k he only needs to pay tax on the difference.
That is US YOY sales compared with August 2013. They sold 4489 LR units in the US last month (August), but you're correct, down 9.1% .August sales for JLR were down over 16% combined, Land Rover was down more than 9%. I'd say you can get whatever you want. Looks like the JLR party is over.