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Henry
12-04-2000, 09:07 PM
The current luxury tax on automobiles is 5% of the cost over $38,000. Next year after Jan 1, 2001 it will decrease to 4% of the cost over $38,000 (actually slightly higher adj for inflation). In 2002 the luxury tax will DISAPPE.... I figure that's about when they'll fix the bugs on the new M3 so waiting to buy the 2003 model may not be such a bad thing after all. Just offering another view of the same coin.

Paul
12-04-2000, 09:56 PM
That (assuming a fairly well equipped model at 52K) $560 would cause you to wait one year, note that price increases over time may offset that. <p>Me, I'll take it NOW. :^) I already put $500 anyhoo for the slot...<p><br><i><br>The current luxury tax on automobiles is 5% of the cost over $38,000. Next year after Jan 1, 2001 it will decrease to 4% of the cost over $38,000 (actually slightly higher adj for inflation). In 2002 the luxury tax will DISAPPE.... I figure that's about when they'll fix the bugs on the new M3 so waiting to buy the 2003 model may not be such a bad thing after all. Just offering another view of the same coin.<p></i><br>


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