This time last year, we took the plunge and bought a new minivan. The Oldsmobile Silhouette we had bought used from my parents had about 150,000 miles on it, so we jumped at the chance to lock in 0 percent interest on a new 2006 Toyota Sienna.
Our salesman reminded us of that purchase with a corny “anniversary” letter several days ago. The letter made me remember the tax sticker shock I had when we bought the car, so I dedided to relive the experience.
At a rate of 3 percent, we paid $692.04 in sales taxes. But that’s not all. There was also a $38.76 charge for the “dealer’s business license tax,” $34.50 for “government license fees” and $10 for “government certificate of title fees.”
The total tab for taxes and fees for a new car: $775.30. That’s enough to feed a family of four for two months or more, even with today’s inflation.