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Depends on what state you live in.... (archive)
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Posted by 97M34dr on November 05, 2000 at 23:53:07:

In Reply to: Re: Buying a Used M3 (Dealer vs. Individual) posted by Frank on November 05, 2000 at 19:39:03:

In Georgia, if you buy from an individual you pay NO sales tax!!! Which in Fulton County is 7%. That's $2,100 on a $30g car. I bought my 97 4dr Boston Green from an individual who bought his Certified Pre Owned a Year earlier. I paid approx $6g less that the dealer and NO Sales tax to boot! Find out what your State laws say.


I just recently had to figure this out myself. Here's the dilemma. You will have to register the car yourself and pay the same taxes you would have paid a dealer. Personally, I opted for a certified pre-owned which was only marginally more expensive, came with a BMW $0 deductible extended warranty, and the dealer took care of all the paper work involved. Good luck.

Frank
'97 M3/4 Arctic Silver Lux


What are the costs involved with buying a used car from an individual? How is this different from buying from a dealership? Tax implications?? Need help quick...I'm no accountant.





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