NADA "Clean Retail Value"
Thread Starter
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Mountain Pass
Joined: Feb 2013
Posts: 152
Likes: 21
From: N. Scituate, RI
NADA "Clean Retail Value"
I'm getting ready to make the trip to the DMV to register my truck and from info I got from their web site, they are basing sales tax on "clean retail value". That label is not listed when I look up my truck on the NADA web site, but some of the values they did list seem a bit ridiculous! ( the high end being around 18k!!! )
Does anyone have access to an actual NADA used car book and can check on what the clean retail value of my truck is so I can get an idea how much this is going to cost me? It's a 1973 F100 4x4, its as base a model as it can get but let me know if more specific info is needed.
Thanks!
Mike
Does anyone have access to an actual NADA used car book and can check on what the clean retail value of my truck is so I can get an idea how much this is going to cost me? It's a 1973 F100 4x4, its as base a model as it can get but let me know if more specific info is needed.
Thanks!
Mike
Thread Starter
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Mountain Pass
Joined: Feb 2013
Posts: 152
Likes: 21
From: N. Scituate, RI
Just an update for those interested. Got the truck registered yesterday. The DMV valued the truck at 9000.00 for sales tax purposes.
Total bill came to 703.00 even.
Now just to finish rebuilding the rear end and I'm on the road!
Total bill came to 703.00 even.
Now just to finish rebuilding the rear end and I'm on the road!
Thread Starter
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Mountain Pass
Joined: Feb 2013
Posts: 152
Likes: 21
From: N. Scituate, RI
I was lucky my truck wasn't on the "Special Interest Vehicle" list, then it gets stupid with what they "value" cars and trucks at. 
I'm sure I helped pay for someone in the administrations vacation, but at least it's done.
Inspection should be a breeze, no smog and I've been through all the mechanical and safety items on the truck.
I'm sure I helped pay for someone in the administrations vacation, but at least it's done.
Inspection should be a breeze, no smog and I've been through all the mechanical and safety items on the truck.
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Thread Starter
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Mountain Pass
Joined: Feb 2013
Posts: 152
Likes: 21
From: N. Scituate, RI
I did have a bill of sale reflecting that, the DMV looks up the classic NADA "clean retail value" and if that is higher than the value on the bill of sale, which it was, I payed sales tax on the higher number.
There is a dispute process but out of the several hundred cases of people doing this, about 3 got an adjusted value. This was recently on the local news.
There is a dispute process but out of the several hundred cases of people doing this, about 3 got an adjusted value. This was recently on the local news.
Cargo Master
Joined: Dec 2008
Posts: 3,221
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From: SW PA
Wow that sux big time.
Senior User
Joined: Jun 2014
Posts: 351
Likes: 7
From: Plumas Lake, CA
Terrible man, Terrible.
I almost wonder (Not trying to go all conspiracy theorist here) if that inflated scale is used to deter people from registering older rigs to avoid paying the state lots more for newer rigs. I mean, if you got it registered this afternoon, then (Not wishing this) were in an accident on the way home and your truck was totaled, I'd love to see you get $9000 from your insurance company. It probably will not happen. The insurance company will find the lowest common denominator to reduce the value of the truck and pay you that amount.
The state likes it's vehicle revenue so in order to forecast income, they need to estimate how many new cars are sold each year, not how many people (me included) who drive an old rig.
We moved here from California at the beginning of last year. I had a 2010 F350 4x4 that was nothing but a grocery getter and home depot rig. The soviet socialist republic of Californica still made me register the truck as commercial, at a higher rate that passenger cars. It's all a scam.
The state likes it's vehicle revenue so in order to forecast income, they need to estimate how many new cars are sold each year, not how many people (me included) who drive an old rig.
We moved here from California at the beginning of last year. I had a 2010 F350 4x4 that was nothing but a grocery getter and home depot rig. The soviet socialist republic of Californica still made me register the truck as commercial, at a higher rate that passenger cars. It's all a scam.
Thread Starter
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Mountain Pass
Joined: Feb 2013
Posts: 152
Likes: 21
From: N. Scituate, RI
Your not too far off the mark there Beedub, someone in the state admin figured a way to generate new revenue on all the older cars that previously were under the radar, but it also would work to get a lot of the older stuff off the road if people couldn't or wouldn't pay the inflated rates.
The other half of the coin is now the towns will use these inflated values to charge the annual property tax, can't wait to see that.
Bud Mud, it's in the plan but not for a few years yet.
The other half of the coin is now the towns will use these inflated values to charge the annual property tax, can't wait to see that.
Bud Mud, it's in the plan but not for a few years yet.
Elder User
Joined: Jan 2014
Posts: 898
Likes: 3
From: Chillicothe, IA
I just checked the price on my trucks. NADA is on crack!!! low retail is at $3600 for my 74 F100 2wd. I can't even sell it for $800. But now I know where some of those ridiculous prices come from on CL and Ebay.