Can't wait to see the results of Chris P's past 69 Stage 1 convertible. My favorite body on our GS's. Eric :3gears:
Re: Barrett Jackson Auction - Scottsdale Az When I saw that I figured every GN guy quivered a bit. serious money on the 63 riv I thought
The announcer got the engine incorrect. It was a 401 car and not a 425. On the GN : 19K knock down Plus 10% buyer fee Plus registration ($500) Plus Airline tickets and hotel ($1000 easy) Plus state and local taxes(????) Plus transporter fees ($1000-1500) = Your real total
Yes, things are cheap today but should get better thru the week. Really nice pair of W-30 converts here. 1970 to boot, an auto and a 4 spd!!
Joe Amoto lives about 10 minutes away from me and has the biggest house in the area. He has a beautiful Ferrari.
Re: Barrett Jackson Auction - Scottsdale Az Since when does it rain in the desert ? I'm blaming "Seattle Pollak" for this... :spank: I thought Sat supposed to clear up ? I guess we will hide under the tents. DL
I thought $28k for that Rivy was strong money, I wouldn't consider that cheap for a 63. it was nice, but I have seen a lot of nice ones in the low twenties out there.
Re: Barrett Jackson Auction - Scottsdale Az it is all my fault. Last year I decided to go to BPG for the first time ever = RAIN. This year, first time at Barrett Jackson (and Gooding, RM, Russo & Steele, you have to do it right) = RAIN! Luckily, I am used to it. Mark and I had a fantastic time hanging out under the tent at BPG drinking beer, don't see it be a problem at BJ.
Re: Barrett Jackson Auction - Scottsdale Az Len that was from the Mecum action last year in Indy and the 70 GS stage 1 was a no sale at 38k. I to was shocked at the GTO
Re: Barrett Jackson Auction - Scottsdale Az Lucky dog!! The wife and I were talking about that (again). I want to go some time. If you register as a bidder for $500 I think they will keep the drinks flowing...... Think you can drink $500 worth in six days?
To me the $19K price tag for the GN was a steal. Add in 10 percent makes it just shy of $21K. I think the only tax that they are talking about is when you register it. You don't normally pay sales tax on a car for where it's from, but for the state and county it's registered in. Could be wrong on that with Arizona. That's the way all the Northwest states are. Either way that poor sap bought a fairly expensive car at about $17K back when it was new, didn't drive it and enjoy it and ended up selling it for the price of a Hyundai today. Figure out how much he lost with inflation. The price that it sold for would be a good price for a that nice of a car with that low of miles as a driver, even if it wasn't a G.N.
If that is the case I would not think it would be necessary for them to have the tax rates signs posted at the auction. They did the last time I was there. As for the people withthe GNs, it is hard to feel sorry for them. All the past auction results are on line for BJ. Anybody who looks could tell GNs have never doe well there. In general Buicks have not done well. There are however a few exceptions to this trend for Buicks.
Re: Barrett Jackson Auction - Scottsdale Az Chris - While you are there see if you can get a handle on the sales tax issues. See what you have to pay, if anything, when you buy with the intent of taking it out of state.
You pay the AZ state sales tax rate and then take a credit towards your home sales tax when you register it. That's how it worked for me as a NY resident. Everyone wants a piece of the pie.
Every state has a different state tax code. We have asked a couple of guys there to nail this issue down and get back to us.
This is generally the correct answer. Sales Tax in AZ is based on where you purchase the car (so even for AZ residents it can differ city to city). If you live in a state that has a sales tax rate higher than AZ, then you pay the AZ tax at time of purchase, and pay the incremental difference in your home state when you register the vehicle (assuming your state gives you credit for taxes paid in AZ). If you are in a state where it is lower (like Oregon where it is zero) then you don't have to pay the AZ tax if you fill out all of the proper paperwork. Read more about it on the State of AZ's Dept. of Revenue's website: http://www.azdor.gov/Business/TransactionPrivilegeTax/MotorVehicleSales.aspx
Chris, I don't believe every State will honor the AZ tax. Normally, surrounding States will give you credit for sales tax paid. Not sure every State will give you credit for taxes paid. Norm
Probably true Norm, it would be best to check with the state DOR in your own state to confirm. here are some states that do provide reciprocity: Nonresidents from California, Connecticut, Florida, Idaho, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, Pennsylvania, Rhode Island, Tennessee, Texas, Vermont, and Washington: These states tax rates are all higher than the Arizona 5.6% transaction privilege tax rate. Therefore, sales of motor vehicles to nonresidents from these states are subject to the full rates of Arizona taxes if the nonresident purchaser takes possession of the vehicle in Arizona. However, these states do provide reciprocity* for tax paid in Arizona, and will therefore allow a credit for the state tax paid in Arizona when the nonresident registers the vehicle in his or her state of residence. * Providing reciprocity means that one state will allow a credit against its tax for state taxes paid in other states.
