"Forced" to trade

[ralteredstates]

Still sounds off. Assuming you own the car, you already paid the state tax. When you trade it in to a dealer, you get a credit of the trade in value tax towards the new car, reducing your tax on the new one. BUT when selling, any tax due the state comes from the BUYER not the Seller. This is how it works in any state I have been in. If I buy a car, I have to show proof of tax payment at registration, new or used. If the tax hasn't been paid, you can't register the car.

It makes no sense that you get a tax credit if you trade in a car, but owe more if you sell it. Just saying.

I didn't say it made sense. It's double taxation to me. But that's the way it is in CT. Buy the car: pay tax; Sell the car: pay tax again. And....it's not considered a tax credit when you trade the car. It just reduces the sales tax to the amount you are paying after the trade in allowance.

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[ralteredstates]

First time in the history of the world I've ever heard that. He either has a numb ass, or some mechanical problem with the sus...

Interesting that it's the "first time in the history of the world" that you've heard of that. I've read this complaint many times before. The air suspension is no panacea for the stiff ride. I purchased the car thinking I would be able to accept the ride since it was more sporty. I was going to do the suspension change that Mark did (springs from the Rally etc) but that got nixed by the pending arrival of the new bambino. And, the corvette with its conventional suspension rode way better than the Mach E with its air shocks IMHO. BTW, if I had a "numb ass", wouldn't that make the stiff suspension a non-issue??

 

[ralteredstates]

do others feel that magna ride is no better then the premium. I have a 2021 premium and was considering a gt with magna ride. I was hoping magna ride would be better then my 2021 premium.

Drive the GT and decide for yourself. Everyone's butt had different tolerances.

 

[Ford_orr]

No offense, but you weren't "forced" to trade in the Mach. You made a "choice". Plenty of people on here have families and couldn't be happier with their Machs. But everyone's tastes and perceptions are different, so you made the best choice for you and your family. And it's hard to go wrong w/a Porsche, so best of luck to you!

 

[ralteredstates]

No offense, but you weren't "forced" to trade in the Mach. You made a "choice". Plenty of people on here have families and couldn't be happier with their Machs. But everyone's tastes and perceptions are different, so you made the best choice for you and your family. And it's hard to go wrong w/a Porsche, so best of luck to you!

Not sure you got my point. The corvette had to go and trading it in was the only sound financial choice. Trading for another EV also made sense to me so the Mach E HAD to go. That was and is the best choice for our family. Glad I made the choice since I am very happy with the Porsche. Its air suspension is far better than in the Mach E GT. It is smaller inside though. But with my truck, it's not a big deal.

 

[angryfoxbrewing]

Curious to know what you meant by "huge tax hit on selling the Corvette"?

Generally sales tax is calculated AFTER all the negotiated discounts, credits and trade-in money.

It's less often the case that a dealers dismal trade offer is worth the tax offset.

 

[Triggerhappy007]

Generally sales tax is calculated AFTER all the negotiated discounts, credits and trade-in money.

It's less often the case that a dealers dismal trade offer is worth the tax offset.

It varies from state to state. Your sales tax law in Michigan will be different than in California.

 

[ralteredstates]

Generally sales tax is calculated AFTER all the negotiated discounts, credits and trade-in money.

It's less often the case that a dealers dismal trade offer is worth the tax offset.

The trade in on my corvette was fantastic. Shockingly close to what I paid for it new. Unfortunately, the trade in for the Mach E was not great. But I expected that.

 

[ChehRob]

Washington has the same tax rules. It's a rip off.

 

[NY_Cade69]

Wait! What?

This doesn't sound right. Why would you pay taxes on selling? Unless you selling it for more than you paid to buy. You do pay sales tax on buying and in most states can offset it by trading in.

If you sell a car for more than you paid for it, you incurred a profit which is treated as a capital gain to the IRS (and subsequently to most states), so this is reflected in income tax filings... Most of us never see this situation, but OP may have had a sought after 'vette.

 

[NY_Cade69]

The trade in on my corvette was fantastic. Shockingly close to what I paid for it new. Unfortunately, the trade in for the Mach E was not great. But I expected that.

In CT, you would only incur tax liability if you sold a vehicle for more than you paid for it.
https://www.cga.ct.gov/2012/rpt/2012-R-0412.htm

In WA, the same applies, but you do need to pay an $18 fee with the Vehicle Report of Sale.
https://dol.wa.gov/vehicles-and-boats/vehicles/buying-and-selling-vehicle/sell-vehicle

Please rely on Government publications or an attorney.
On-line forums should not be considered reliable sources of information.

 

[Ahlarict]

Good luck with the new baby. You should be able to get sleep again in about 10 years...

Congrats on the arrival of your new bundle of joy! Also, welcome to what noted happiness researcher Dr. Daniel Gilbert calls the "trough of despair" known as parenthood! A state of affairs whose only known cure appears to be empty-nesthood!

 

[corradoborg]

do others feel that magna ride is no better then the premium. I have a 2021 premium and was considering a gt with magna ride. I was hoping magna ride would be better then my 2021 premium.

OP says he's heard of others agreeing with him on this many times. I have never heard someone say that before, so while I'm not contradicting him, I have no idea where he would've heard that. He also called them "air shocks," which it is not. Its operating principle is in its name: Magnaride = magnetically adjusted shocks.

I have only ever read that the Magnaride is a huge improvement over the Premium and Select suspensions. However, ALL models received improving tweaks to their suspensions with the 2024 or 25 model year, I believe (not sure which).

In my experience, I upgraded from a '23 Premium AWD SR to a '25 GT, and the difference is very noticeable. The GT still has a firm ride, as most sport-oriented cars do. But it isn't bouncy or harsh. It takes unexpected bumps much better.

There may be up to 3 factors at work in my case:

1) Magnaride, obviously.
2) The two cars span the suspension changes made by Ford.
3) The '23 was a standard range car with a slightly lighter battery. This may have made it more "bouncy" than a heavier extended range car. I have no personal experience driving a non-GT with the ER battery, so this is just speculation.

 

[Teslaeata]

do others feel that magna ride is no better then the premium. I have a 2021 premium and was considering a gt with magna ride. I was hoping magna ride would be better then my 2021 premium.

If I’m honest I don’t find anything wrong the standard ride .

 

[Teslaeata]

Congrats on the arrival of your new bundle of joy! Also, welcome to what noted happiness researcher Dr. Daniel Gilbert calls the "trough of despair" known as parenthood! A state of affairs whose only known cure appears to be empty-nesthood!

They keep coming back though, and with their own spawn

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