Thoughts on value (thinking of selling and upgrading to newer year).
- Thread starter 40Man
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Haha, thats right. In the great state of tn its 9.5% but its only on the first 3200, then it drops to 7%. Its also $75 for annual registration regardless of vehicle price and no income tax or vehicle tax of any kind.
The resale on the landcruiser is reason enough to never buy a range rover. I traded a 2011 range rover two years ago that cost me $110k new and it was only worth $19k with 75000 miles and all service history/no wrecks or damage of any kind. I was glad to get rid of it. On the other hand i plan on keeping my 2019 200 series indefinitely. There simply is no comparison.
Sorry for the derail but im impressed with $30k for an 8year old 100k mile suv. What were 200’s new in 2011? $70k?
I think slightly less than half of purchace price after 100000 miles is pretty amazing. Im sold on them. Just wish i had bought one in 2011 instead of the british made indian owned pos. That decision cost me!
The resale on the landcruiser is reason enough to never buy a range rover. I traded a 2011 range rover two years ago that cost me $110k new and it was only worth $19k with 75000 miles and all service history/no wrecks or damage of any kind. I was glad to get rid of it. On the other hand i plan on keeping my 2019 200 series indefinitely. There simply is no comparison.
Sorry for the derail but im impressed with $30k for an 8year old 100k mile suv. What were 200’s new in 2011? $70k?
I think slightly less than half of purchace price after 100000 miles is pretty amazing. Im sold on them. Just wish i had bought one in 2011 instead of the british made indian owned pos. That decision cost me!
Only $1.21 per mile in depreciation?
Toyota dominates the market in residual, especially their 4x4s. 100 series values have been going up lately instead of down actually. My old 1998 was sold new for ~$45k, and I bought it in 2012 with 100k miles for $10k (good price). I sold it a couple years and a few mods later with 134k for $17k. If it was still in the same condition with the same miles today, it would easily sell for $15k or more. 33% residual after 21 years is basically unheard of in anything but an exotic, collectible...or Toyota 4x4.
And we get to pay excise tax every year. And 6% income tax. Fortunately, our real estate tax is a bargain. Our large, luxury estate home — a 1500 sq ft ranch house built (badly) in 1950 about 15 miles west of Boston — “only” costs us about $10,500 per year in taxes.
Hey, they don’t call us Taxachusetts for nothing.
And as a kicker, I pay about $800 per year in tolls back and forth to the office and $1,200 per year to park at work.
Yes that's true. I'm about to hit the tax deduction limit. And yeah the annual vehicle reg fee is up there too, I think the Cruiser was almost $700 last year.
State Income tax? What's that? None of that here either.
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I have owned 3 Tacomas and the resale is simply insane. Last one I owned for 7 years and took a $3k loss from the price I paid (excluding tax).
The LC is in a luxury segment. All vehicles in this segment have more depreciation, but the LC holds its value very well compared to the competition, including the LX, which depreciates much quicker (but still better compared to many lux brands.) My wife wanted a new MDX. When I saw they run $60k for a loaded model and a 3 yr w 36k miles used MDX can be picked up for around $33k I told her she can get a used one.
Dont NH businesses pay a business profit tax? So every business pays like 8.2% in business income for in state activities. Even if it does not have sales to an end user. So the same items can be taxed multiple times. Think Oregon voted for something like that too (gross recepit tax iirc) even after they showed the layers of taxes on an item (milk for example: farm sells mike and pays tax on gross receipts (OR) or profits (NH) Pasteurization and bottling plant pays tax again..., distributor pays tax... and finally grocery store pays tax). Those additional costs will get built in somewhere. I'd much prefer a sales tax that applies only to end users (not resellers). That said, NH has very good tax rates for an East Coast state.
The LC is in a luxury segment. All vehicles in this segment have more depreciation, but the LC holds its value very well compared to the competition, including the LX, which depreciates much quicker (but still better compared to many lux brands.) My wife wanted a new MDX. When I saw they run $60k for a loaded model and a 3 yr w 36k miles used MDX can be picked up for around $33k I told her she can get a used one.
Dont NH businesses pay a business profit tax? So every business pays like 8.2% in business income for in state activities. Even if it does not have sales to an end user. So the same items can be taxed multiple times. Think Oregon voted for something like that too (gross recepit tax iirc) even after they showed the layers of taxes on an item (milk for example: farm sells mike and pays tax on gross receipts (OR) or profits (NH) Pasteurization and bottling plant pays tax again..., distributor pays tax... and finally grocery store pays tax). Those additional costs will get built in somewhere. I'd much prefer a sales tax that applies only to end users (not resellers). That said, NH has very good tax rates for an East Coast state.