Would I pay luxury tax on a 2010 Honda Accord if i pay for it CASH?
I am thinking of buying a 2010 Honda Accord and paying cash for it, my question is do I have to pay luxury tax come tax time for the car, I live in NJ? Anyone help out?
There isn't a luxury tax anymore. That went out years ago.
When the luxury tax existed, it was on more expensive cars, not a Honda. Plus, the tax was paid at the time of sale and your method of payment didn't change anything.
I hope this helps.
Gary
