Quote:
Originally Posted by Twhill19
fuck excise tax...how is mine more than what I paid last year??
My excise was from May-December 2012 = $520
2013 = $590
I need an adult
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You only paid a prorated excise tax in 2012 because I assume you purchased the car that year. It probably would have been ~$700 if you bought the car in Jan 2012. The 2013 amount assumes you will own it the whole year. If you sell mid-year, then I think you can claim reimbursement for part of the amount.
Also, it's nice that the tax will decrease fast year-by-year. The excise tax for my 2007 335i was less than $100 if I remember correctly. So they base it on a fast depreciation schedule, not the actual value of the car.