There’s one very persuasive reason arguing against the purchase of any new car – regardless of make or model:
The property tax you’ll be forced to pay . . . forever.
Ot at least, for as long as you “own” your car. Which (like your home) you don’t really – because you’ll never stop making payments on it. Not to the bank – but to the government.
Which is the true owner of your home – and your vehicle.
You are allowed to conditionally possess it . . . for as long as you continue making those payments.
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Stop making them – and the true owner will take possession of it, regardless of the absence of any liens and the silly fiction you are the “owner” because you have a piece of paper that says so.
If you were really the owner, no one else could lawfully take possession of it. The fact that the government can – and will – reveals the truth of the matter.
Not all states apply this especially obnoxious tax to motor vehicles – but about half do. And the average hit is $238 annually.
Work that out.
Over the course of say five years, the average cost of the property tax is about $1,200 – to be allowed to pretend you own the vehicle you already paid for – with money that was already heavily taxed – and which you also paid sales tax on at the time you paid for it as well as additional taxes each year called “registration” and “state inspection” fees.
