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Texas Vehicle Inventory Tax Scam!

Discussion in 'Vendor Reviews' started by originalthoughts, Apr 15, 2010.

  1. originalthoughts

    originalthoughts [OP] Well-Known Member

    Joined:
    Apr 9, 2010
    Member:
    #34934
    Messages:
    92
    Gender:
    Male
    Dallas
    Vehicle:
    2010 DC TRD OR 4x4
    Tailgate Anti-Theft, SnugTop Xtra Vision Shell, WeatherTech Mats, Extra D-Rings, Bed Mat, K&N drop-in
    I'm in the process of buying a 2010 Tacoma and got a copy of the purchase order agreement today. I started reviewing it and immediately noticed a $0.11 error in the dealer's math. So this got me looking into what the tax rates were and how the dealership calculated them.

    Upon doing a little research into what each tax item was for I found this posting on consumerist.com
    http://consumerist.com/2008/03/if-y...make-sure-you-dont-pay-the-inventory-tax.html

    Granted the links were old and busted so I did a little searching and found the 2010 Dealer Manual on TX DoMV's site:
    http://www.txdmv.gov/whatyouneed/publications/dealer/dealer_manual.htm

    Sure enough on page 1-3 it details the Vehicle Inventory Tax (VIT) as the following:
    "Vehicle Inventory Tax (VIT) - A property tax that dealers pay on their business inventory. This is NOT a tax that is required to be paid by the consumer."

    So as a heads up to anyone out there buying a vehicle in Texas this is a tax for the dealership not you and you DON'T have to pay it.
     
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