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Texas Vehicle Inventory Tax Scam!

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

  1. Apr 15, 2010 at 10:23 AM

    originalthoughts [OP] Well-Known Member

    Apr 9, 2010
    1997 Land Cruiser
    None, factory diff lockers are great.
    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

    Granted the links were old and busted so I did a little searching and found the 2010 Dealer Manual on TX DoMV's site:

    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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