1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Holy Califonia Tax Batman!!!!!!!!!!!

Discussion in '2nd Gen. Tacomas (2005-2015)' started by Bearskill, Jan 20, 2010.

  1. Jan 20, 2010 at 3:51 PM
    #1
    Bearskill

    Bearskill [OP] Well-Known Member

    Joined:
    Sep 7, 2008
    Member:
    #9064
    Messages:
    793
    Gender:
    Male
    Sac
    Vehicle:
    06 Access cab PreRunner Sport
    FlowMaster 40 duals out the back, T-Rex grill, Color matched TRD Nerf bars, Icon coilovers set at 2'', 2.75" OME Dakars spring packs, OME Nitro-Charger extended rear shocks, Carrier bearing drop kit, Wheeler's Extended break Lines, Total Chaos UCAs, Mojave Teflons and 31 1/2" Toyo Open Country A/Ts, Pioneer single din unit, Yakima roof rack, Malone roof basket with X2 KC 130w long range Slimmlights mounted to it, Garmin 255w nav, Fire bottle mod, Air Force standard First Aid kit mod, Hidden Muchette mod (don't ask), and 1 huge OCD about my truck.
    So im trying to refinace my truck. I owe 22k, bank values my whip at 19.5k. I have the diffrence just chillin in the bank ready to go. Then today the bank tells me pending aproval, I will have to pay $1700.00 in state tax on top of the diffrence!!! Not intrest. Not towards the truck. Tax to the state. Didn't I already pay tax on the vehicle during the first perchace? I might wait and refinace in Oregon. They value the truck less=more diffrence to pay, but no state tax. Anyone have any insight?
     
  2. Jan 20, 2010 at 3:54 PM
    #2
    jdkeller

    jdkeller How many words can be fit in this s

    Joined:
    Nov 26, 2008
    Member:
    #11040
    Messages:
    12,983
    Gender:
    Male
    First Name:
    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
  3. Jan 20, 2010 at 3:54 PM
    #3
    jdkeller

    jdkeller How many words can be fit in this s

    Joined:
    Nov 26, 2008
    Member:
    #11040
    Messages:
    12,983
    Gender:
    Male
    First Name:
    Jonathan
    Inland Empire, Ca
    Vehicle:
    2008 Tacoma Prerunner TRD Offroad
    Dome light LED, 6000k HID Headlights and fogs, Grillcraft black mesh, rear 5100's, Total Chaos UCA's, 285/75/16 BFG KM2's, Spidertrax spacers, Blacked out emblems, cb,kenwood tm270 ham radio, All Pro 3" leaf pack, Fox 2.0 coilovers, Revenge Fab Sliders, u bolt flip kit, Pioneer avh4200, bed bar with light and antenna, Wet Okoles, Weathertech Mats, Wet Okole Armrests, Rear KR Fab bumper, bed mat, N-Fab spare tire carrier with full size spare on 16" TRD rim, Bedlinered flares and grille. Camburg Spindles, All Pro front fenders.
    You live in Sacramento. Go knock on Arnold's door and settle it.
     
  4. Jan 20, 2010 at 4:05 PM
    #4
    djs05tacoma

    djs05tacoma Well-Known Member

    Joined:
    Jan 26, 2009
    Member:
    #13000
    Messages:
    220
    Gender:
    Male
    Martinez, CA
    Vehicle:
    05 Double Cab TRD offroad 4x4
    3" OME Lift, 285's
    Are you refinancing with the same bank?
     
  5. Jan 20, 2010 at 4:09 PM
    #5
    05Moose

    05Moose Middle-Aged Member

    Joined:
    Jan 18, 2010
    Member:
    #29613
    Messages:
    2,535
    Gender:
    Male
    First Name:
    Jim
    In the snow (NorCal)
    Vehicle:
    '05 4x4 DC LB SR5 #8 (LSD, Tow Pkg)
    '05 4x4 DC LB SR5 (LSD & Tow Pkg), Timbrens, AAL, 5100s (.85), Owned: 12/3/04 Mods: Fog, Map/Dome Light, Illuminated 4wd Switch, Washable Cabin Air Filter
    Shouldn't matter since there's no sale of the vehicle, therefore you DO NOT have to pay the 10% Use Tax (or is it now higher than 10%?). Now if you were leasing it, then yes you have to pay the 10% use tax because you're now buying it and never paid that tax.

    Been there, done that.
     
  6. Jan 20, 2010 at 4:09 PM
    #6
    Brunes

    Brunes abides.

    Joined:
    May 31, 2008
    Member:
    #7011
    Messages:
    17,641
    Gender:
    Male
    First Name:
    Rotorhead
    DC or New Jersey - Depends on the day....
    Vehicle:
    08 Red/Graphite and Satin Black
    Inside: Tint, Wet Okole 1/2 Piped Red/Black Covers, Black Weathertech Digital Fit Mats, URD Short Throw w/ TWM Weighted Knob, USA Spec iPod adapter. Outside: 4300K Retro w/ Angel Eyes and Red Shrouds, 5000K Blazer Fog Light Retrofit, Debadge, Bed Locking Handle, Satin Black Rims Performance: TRD/Steigmeier Blower w/ 2.7 Pulley. 668 Injectors and 320 LPH AEM Fuel pump. URD UCON and 7th Injector. DTLT Headers, URD Y-Pipe, Wicked Flow Muffler. Suspension: Both: OME Shocks Front: 886X's and TC UCAs Rear: Dakars Armor: Relentless Front Bumper Relentless High Clearance Rear w/ Tire/Rotopax Swing Out Relentless Front, Mid, and TCase skids BAMF Diff Skid Recovery and Spares: Fullsize Spare Tire 2x2 gal Rotopax 1x1 gal Rotopax 1x1 gal Water Rotopax Warn 9.5XP-S Winch Hi-Lift Extreme 60" Ironman Off-Road Recovery Kit
    WTF- That makes little to no sense...
     
  7. Jan 20, 2010 at 4:22 PM
    #7
    chmura

    chmura Well-Known Member

    Joined:
    Dec 31, 2009
    Member:
    #28499
    Messages:
    139
    Gender:
    Male
    You are not changing ownership you are just refinancing. I do not think your bank knows what they are doing.
     
  8. Jan 20, 2010 at 4:30 PM
    #8
    Plannerman99

    Plannerman99 Well-Known Member

    Joined:
    Oct 20, 2009
    Member:
    #24642
    Messages:
    673
    Gender:
    Male
    First Name:
    Matt
    So Cal
    Vehicle:
    '10 SSM 4x4 DC
    Custom bed mat, Demello Offroad Sliders, So Cal pin striping
    Are you going from a lease to a purchase? Maybe you don't pay sales tax when you lease. IDK
     
  9. Jan 20, 2010 at 4:37 PM
    #9
    paulm09tacoma

    paulm09tacoma Well-Known Member

    Joined:
    May 10, 2009
    Member:
    #17046
    Messages:
    190
    Gender:
    Male
    First Name:
    paul
    connecticut
    Vehicle:
    09 access cab trd
    some one at that bank does not know what the f@#k is going on. ive never heard of a state tax for a refy. go to another bank. try AAA. good luck.
     
  10. Jan 20, 2010 at 4:49 PM
    #10
    Bearskill

    Bearskill [OP] Well-Known Member

    Joined:
    Sep 7, 2008
    Member:
    #9064
    Messages:
    793
    Gender:
    Male
    Sac
    Vehicle:
    06 Access cab PreRunner Sport
    FlowMaster 40 duals out the back, T-Rex grill, Color matched TRD Nerf bars, Icon coilovers set at 2'', 2.75" OME Dakars spring packs, OME Nitro-Charger extended rear shocks, Carrier bearing drop kit, Wheeler's Extended break Lines, Total Chaos UCAs, Mojave Teflons and 31 1/2" Toyo Open Country A/Ts, Pioneer single din unit, Yakima roof rack, Malone roof basket with X2 KC 130w long range Slimmlights mounted to it, Garmin 255w nav, Fire bottle mod, Air Force standard First Aid kit mod, Hidden Muchette mod (don't ask), and 1 huge OCD about my truck.
    I bought the truck used, but the loan still went threw Toyota Financial. I am now trying to refinace it threw USbank because I use them for all my normal banking. No leases or anything. Bought truck, loan is threw Toyota. been with them two years. High intrest, 13.5% (I know, don't ask.) Now Im just trying to do a normal refinace threw Usbank, 4.9% Never done this before. You guys are saying they are F ing with me? How so? Give me more.
     
  11. Jan 20, 2010 at 4:49 PM
    #11
    05Moose

    05Moose Middle-Aged Member

    Joined:
    Jan 18, 2010
    Member:
    #29613
    Messages:
    2,535
    Gender:
    Male
    First Name:
    Jim
    In the snow (NorCal)
    Vehicle:
    '05 4x4 DC LB SR5 #8 (LSD, Tow Pkg)
    '05 4x4 DC LB SR5 (LSD & Tow Pkg), Timbrens, AAL, 5100s (.85), Owned: 12/3/04 Mods: Fog, Map/Dome Light, Illuminated 4wd Switch, Washable Cabin Air Filter
    Yes, this is one situation where you would have to pay tax because you are actually purchasing the truck. On a lease, you pay the tax with each lease payment you make for that portion of the lease.
     
  12. Jan 20, 2010 at 4:57 PM
    #12
    spp

    spp OC, Kalifornia

    Joined:
    Dec 11, 2006
    Member:
    #442
    Messages:
    1,314
    Gender:
    Male
    OC California
    Assuming you mean SALES tax?
    Only need to pay that when you PURCHASE a vehicle. You already did that and paid tax then. ReFi is only a bank trans action and DMV gets no fee other than to change the new loan holder on the title and registration.
     
  13. Jan 20, 2010 at 5:04 PM
    #13
    Bearskill

    Bearskill [OP] Well-Known Member

    Joined:
    Sep 7, 2008
    Member:
    #9064
    Messages:
    793
    Gender:
    Male
    Sac
    Vehicle:
    06 Access cab PreRunner Sport
    FlowMaster 40 duals out the back, T-Rex grill, Color matched TRD Nerf bars, Icon coilovers set at 2'', 2.75" OME Dakars spring packs, OME Nitro-Charger extended rear shocks, Carrier bearing drop kit, Wheeler's Extended break Lines, Total Chaos UCAs, Mojave Teflons and 31 1/2" Toyo Open Country A/Ts, Pioneer single din unit, Yakima roof rack, Malone roof basket with X2 KC 130w long range Slimmlights mounted to it, Garmin 255w nav, Fire bottle mod, Air Force standard First Aid kit mod, Hidden Muchette mod (don't ask), and 1 huge OCD about my truck.
    Yes. she said state sales tax. I don't like this, starting to sound shady. No wonder the accountant was so hot. So they can pull one over on me. I have a weakness for the ladies in business suits.:drool:
     
  14. Jan 20, 2010 at 5:09 PM
    #14
    Wanderer32

    Wanderer32 Member

    Joined:
    Dec 23, 2009
    Member:
    #28058
    Messages:
    11
    Gender:
    Male
    Homeless
    Vehicle:
    09 Tacoma 4x4
    Camburg front suspension lift, OME rear lift
    Which state is it currently registered in? If it was purchased and registered in another state, California then tries to make you pay California sales tax when you transfer the registration to California.
     
  15. Jan 20, 2010 at 5:35 PM
    #15
    Bearskill

    Bearskill [OP] Well-Known Member

    Joined:
    Sep 7, 2008
    Member:
    #9064
    Messages:
    793
    Gender:
    Male
    Sac
    Vehicle:
    06 Access cab PreRunner Sport
    FlowMaster 40 duals out the back, T-Rex grill, Color matched TRD Nerf bars, Icon coilovers set at 2'', 2.75" OME Dakars spring packs, OME Nitro-Charger extended rear shocks, Carrier bearing drop kit, Wheeler's Extended break Lines, Total Chaos UCAs, Mojave Teflons and 31 1/2" Toyo Open Country A/Ts, Pioneer single din unit, Yakima roof rack, Malone roof basket with X2 KC 130w long range Slimmlights mounted to it, Garmin 255w nav, Fire bottle mod, Air Force standard First Aid kit mod, Hidden Muchette mod (don't ask), and 1 huge OCD about my truck.
    Well, thats a confusing story. Originally I bought and registered the vehicle in Califonia, but due to my military and out of state residence I paid Idaho registration prices. (I am stationed in Cali, but keep my state of residence as Idaho.) Then I tried to register the truck in Idaho to get Idaho plates. I want Idaho plates when I move home so I don't get keyed. lol. Idahoan's hate Califonian's. Anyways Toyota Financial "thinks" the truck is registered in Idaho, but I was not able to finish the process due to my deployment getting moved up. So four months later when I got home I was going to finish the process. Tags had expired, but was going to sneak up to Idaho and do it there as well as new plates. (I know, I know) Well, I didn't even get off base the day I got back before Security Forces pulled me over cause of bad tags so I had to re register In California again and still am. Did any of that make sence? Typing sucks on a PS3 controller.
     
  16. Jan 20, 2010 at 5:38 PM
    #16
    Bearskill

    Bearskill [OP] Well-Known Member

    Joined:
    Sep 7, 2008
    Member:
    #9064
    Messages:
    793
    Gender:
    Male
    Sac
    Vehicle:
    06 Access cab PreRunner Sport
    FlowMaster 40 duals out the back, T-Rex grill, Color matched TRD Nerf bars, Icon coilovers set at 2'', 2.75" OME Dakars spring packs, OME Nitro-Charger extended rear shocks, Carrier bearing drop kit, Wheeler's Extended break Lines, Total Chaos UCAs, Mojave Teflons and 31 1/2" Toyo Open Country A/Ts, Pioneer single din unit, Yakima roof rack, Malone roof basket with X2 KC 130w long range Slimmlights mounted to it, Garmin 255w nav, Fire bottle mod, Air Force standard First Aid kit mod, Hidden Muchette mod (don't ask), and 1 huge OCD about my truck.
    Perchaced in Cali. Allways been registered in Cali. Trying to refinance in Cali.
     
  17. Jan 20, 2010 at 5:45 PM
    #17
    silverback

    silverback Well-Known Member

    Joined:
    Oct 23, 2009
    Member:
    #24802
    Messages:
    445
    Gender:
    Male
    First Name:
    Jason
    central CA
    Vehicle:
    2006 Prerunner SR5
    painted door handles, bilstein 5100's front and back, K&N air filter. Precision power component speakers and Kenwood deck.
    go back to your bank find the hot girl, flop your man on the table and say suck it. I have never heard of this either.
     
  18. Jan 20, 2010 at 5:48 PM
    #18
    bmgreene

    bmgreene Well-Known Member

    Joined:
    Nov 18, 2009
    Member:
    #26145
    Messages:
    591
    Gender:
    Male
    First Name:
    Brian
    L.A. Westside
    Vehicle:
    2010 PreRunner V6 SR5/OR
    Alcan Leaf Packs, OME884 Coils, 5100 shocks, U.S. Offroad Winch Mount w/Winch, Trail Gear Rear H/C Bumper, Sway bar delete, hidden "snorkel" intake mod, In-dash CB, Bestop Supertop, Undercover Swingbox, hood lifters, assorted lights and front spotting camera
    Since it's financed through Toyota Financial is it safe to assume you bought used from a dealer? If it's a private party sale you'd owe "use tax" (sales tax by a different name) but that'd get collected through the DMV when you register.

    Seems to me that it's one of two options:

    A) Confused banker who's only used to making car loans for the "original" purchase and may not have handled a re-fi from another bank. You could try talking to a manager at the bank about it.

    B) Since the lienholder in the financing is changing in the re-fi (and they are named on the title until the loan is paid off and the transfer it to sole ownership by the borrower/buyer), the law may actually try to count it as a "sale" transaction which would generate a "use tax" liability. If this is the case you might want to check with a CPA or tax attorney to see if there's any way around it.

    With the rate at 13.5%, you might try asking about just taking a "signature" loan from USB to pay off the Toyota loan without putting the truck up as colateral. It'll be a higher rate than 4.9% but it may still come out a big improvement over 13.5%, there might even be some way to re-fi that into a loan against the truck after a couple months after you get the title free and clear from Toyota but you'd need to discuss that with the bank to see if it's possible (and to make sure it's legal).
     
  19. Jan 20, 2010 at 5:56 PM
    #19
    bmgreene

    bmgreene Well-Known Member

    Joined:
    Nov 18, 2009
    Member:
    #26145
    Messages:
    591
    Gender:
    Male
    First Name:
    Brian
    L.A. Westside
    Vehicle:
    2010 PreRunner V6 SR5/OR
    Alcan Leaf Packs, OME884 Coils, 5100 shocks, U.S. Offroad Winch Mount w/Winch, Trail Gear Rear H/C Bumper, Sway bar delete, hidden "snorkel" intake mod, In-dash CB, Bestop Supertop, Undercover Swingbox, hood lifters, assorted lights and front spotting camera
    Did you pay CA sales tax when you bought the truck? If you were registering out of state, they may not have colleced it at that point, but they'll hit you with it if you then register the car in CA within a year of the purchase date. Shouldn't be an issue if it was your ID tags that expired while on deployment but it could have hit you if it was the temp tags from the sale, although that should have been charged by DMV when you registered. May be possible that something screwed up and CA put some sort of tax lien on the title which the refi bank would probably need to clar up before proceeding.

    I know some of the laws with this are different for active duty military, is there any sort of adviser/counsel office on base that might be able to help you out?
     
  20. Jan 20, 2010 at 6:22 PM
    #20
    Bearskill

    Bearskill [OP] Well-Known Member

    Joined:
    Sep 7, 2008
    Member:
    #9064
    Messages:
    793
    Gender:
    Male
    Sac
    Vehicle:
    06 Access cab PreRunner Sport
    FlowMaster 40 duals out the back, T-Rex grill, Color matched TRD Nerf bars, Icon coilovers set at 2'', 2.75" OME Dakars spring packs, OME Nitro-Charger extended rear shocks, Carrier bearing drop kit, Wheeler's Extended break Lines, Total Chaos UCAs, Mojave Teflons and 31 1/2" Toyo Open Country A/Ts, Pioneer single din unit, Yakima roof rack, Malone roof basket with X2 KC 130w long range Slimmlights mounted to it, Garmin 255w nav, Fire bottle mod, Air Force standard First Aid kit mod, Hidden Muchette mod (don't ask), and 1 huge OCD about my truck.
    No, pretty sure I paid Cali state sales tax at purchase from dealer. The non resident Idaho military thing is only for registration fee's. I have Cali plates, but only paid Idaho prices. $86 bucks rather than $250 - $300. I have registered the vehicle in Cali twice now. Once after temp tags expired and again Nov 09. Had they been waiting to get me with a tax charge at registration, they have had two chances so far. I just called up my old man and he thinks this is screwy too. Before i sign shit im going to another bank or credit union and asking them. Also, if I paid the state sales tax already, It will be on my original contract right?
     
To Top