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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Peter V who wrote (162500)11/6/2008 9:39:54 PM
From: Elroy JetsonRead Replies (1) of 306849
 
It used to be that people would buy a California emission car from a Reno Nevada dealer who bought it from a California dealer, or their California sales lot - and then ignore California laws regarding registration. If the law had been enforced, they could have found Nevada plates on thousands of Nevada plates in a community of 32,000.

This evasion eliminated the annual California VLF licensing fee which was a percentage of the car's depreciated value - say $1,200 a year on a nicer car or as much as $3,000 annually on an exotic. Coupled with the savings on sales tax, you might save $4,000 the first year.

Since the second year savings would be only $800 or so, and your car was now officially used, most would register their used car from Nevada in California after the first year.

Since the VLF fee was eliminated in 2005, there's little incentive to drive a car with a Nevada plate. Schwarzenegger used to drive cars around LA with Nevada plates. The VLF was the one tax he was determined to eliminate.
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