Help with car registration on a lease - Chicagoland Sportbikes
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post #1 of 13 (permalink) Old 09-19-2004, 11:11 PM Thread Starter
 
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Help with car registration on a lease

I have a problem. Just as I was moving to Iowa, I decided to lease a new car in Illinois. I felt I would have a better selection and be able ot work a better deal on my trade-in and dealing with a much smaller local Honda dealer (local meaning only 50 miles away)

Anyway... I went ot the DMV in Iowa to register my vehicle and I was told I needed to pay a 5% road useage tax (of the remiaing lease value) to register here. So baiscally they want $850!!! Now when I leased my vehicle, I paid 7.25% sales tax... plus a little more since I was in Cook County.

Now, can I get a refund of what I paid to Illinois...or am I going to get taxed twice? My other option is to hope my registration renewal gets forwarded in the mail in Jan. to my Iowa address.


On a positive note, the DMV is located at the county courthouse in town. There are no lines and the people working there are very friendly. In Illinois they hire cold emotionless machines disguissed as humans.
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post #2 of 13 (permalink) Old 09-20-2004, 09:35 AM
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Every state s different, yopur not getting taxed twice, you paid sales tax here, now your paying a road useage tax there, hell in arizona you pay property tax on your vehicles, and it comes out to thousands of dollars a year. welcome to state government




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post #3 of 13 (permalink) Old 09-20-2004, 09:46 AM
 
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Yeah, a 'road use' tax is for registration only....looks like they are collecting it all up front instead of year to year.

Best thing about paying property tax on the regs....you get to deduct it from your taxes.

BTW, how much is the plate fee in, and of, itself? WI keeps raising our plate fees to offset road construction costs.......similar to a 'road use' tax.
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post #4 of 13 (permalink) Old 09-20-2004, 10:07 AM Thread Starter
 
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Iowa is typically cheaper on the plate fees. I paid $30 for my motorcycle registration.

What sucks... is that if I have purchased a car, I wouldn't need to pay the road use fee... but because it's a lease I do.

Shouldn't I be able to get a refund on my IL taxes for the amount of the lease I haven't paid. Unless it technically was "sold" to Honda Leasing Division... then leased to me.

I know 1 thing for sure...I'm not giving Iowa $850 to register my vehicle. I will find a way around it. Maybe I can go to the Illinois DMV and claim temporary residency in Iowa and just get my address changed... so my registration is mailed to Iowa.
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post #5 of 13 (permalink) Old 09-20-2004, 03:28 PM
 
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Do you lease the car for business? If so, you can write off the fees you do pay to the Iowa DMV, IF you can't get around paying them, that is.
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post #6 of 13 (permalink) Old 09-20-2004, 04:33 PM
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Quote:
Originally posted by taziscool
Do you lease the car for business? If so, you can write off the fees you do pay to the Iowa DMV, IF you can't get around paying them, that is.
excellent idea.




HDTony.... Damn glad to meet you!

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

- Ronald Reagan

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post #7 of 13 (permalink) Old 09-20-2004, 04:39 PM Thread Starter
 
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nope...it's a personal vehicle.
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post #8 of 13 (permalink) Old 09-20-2004, 04:40 PM
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Quote:
Originally posted by taziscool
Do you lease the car for business? If so, you can write off the fees you do pay to the Iowa DMV, IF you can't get around paying them, that is.
hhhmmm, if it is used as transportation to get to work could that be considered "for business"?

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post #9 of 13 (permalink) Old 09-20-2004, 04:45 PM
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Quote:
Originally posted by Sticky
hhhmmm, if it is used as transportation to get to work could that be considered "for business"?

Nope, that doesn't count.

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post #10 of 13 (permalink) Old 09-20-2004, 04:50 PM
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Originally posted by Chills
Nope, that doesn't count.
Can I write off a bike, I post all day on a motorcycle message board while I'm at work.

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post #11 of 13 (permalink) Old 09-20-2004, 04:52 PM
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Quote:
Originally posted by Sticky
Can I write off a bike, I post all day on a motorcycle message board while I'm at work.

I wish. If you are able to do that then everyone on here is gonna get a nice deduction.... so we can buy more stuff for our bikes... thus spurring the economy!

Sorry, off topic.

Mike, I think you'll just have to pay the tax. When I moved up here I had to pay registration taxes on a trailer I just bought in Alabama..... long story.

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post #12 of 13 (permalink) Old 09-20-2004, 05:20 PM
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Quote:
Originally posted by HDTony
Every state s different, yopur not getting taxed twice, you paid sales tax here, now your paying a road useage tax there, hell in arizona you pay property tax on your vehicles, and it comes out to thousands of dollars a year. welcome to state government
Oh yeah Been there before live AZ for 4 years

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post #13 of 13 (permalink) Old 09-20-2004, 05:27 PM Thread Starter
 
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I'm going to see if my registration will be sent to Honda Finance then forwarded to me.
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