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  #1  
Old 03-10-2003, 08:13 PM
dustyfg dustyfg is offline
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Question California VLF

How do I figure out the VLF fees for my 02 325i ? My contract seems to have all of it lumped under License Fees. How do I figure out the tax deductible portion of it?

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  #2  
Old 03-10-2003, 10:19 PM
pps-325xit pps-325xit is offline
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Just renewed mine; form shows $30 registration fee, $8 county/district fees, $6 smog abatement fee, rest was VLF. This is in San Mateo County.

Last edited by pps-325xit; 03-10-2003 at 10:21 PM.
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  #3  
Old 03-10-2003, 10:36 PM
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doeboy doeboy is offline
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Re: California VLF

Quote:
Originally posted by dustyfg
How do I figure out the VLF fees for my 02 325i ? My contract seems to have all of it lumped under License Fees. How do I figure out the tax deductible portion of it?

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I'm not certain, but I think if you subtract what pps-325xit mentioned, you should get the VLF.... then I think you should be getting a VLF offset rebate back eventually too... but I could be wrong....

Hmm... maybe if you call the DMV, they might be able to give you an itemized breakdown of your registration fees.
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Last edited by doeboy; 03-10-2003 at 10:40 PM.
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  #4  
Old 03-10-2003, 10:46 PM
pps-325xit pps-325xit is offline
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Re: Re: California VLF

Beginning in 2003, they deduct the VLF rebate in the DMV statement (i.e. no more refund checks). Assume same would be true on new purchase. Total should not be more than $300.

Quote:
Originally posted by doeboy
I'm not certain, but I think if you subtract what pps-325xit mentioned, you should get the VLF.... then I think you should be getting a VLF offset rebate back eventually too... but I could be wrong....

Hmm... maybe if you call the DMV, they might be able to give you an itemized breakdown of your registration fees.
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  #5  
Old 03-10-2003, 11:52 PM
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doeboy doeboy is offline
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Re: Re: Re: California VLF

Quote:
Originally posted by pps-325xit
Beginning in 2003, they deduct the VLF rebate in the DMV statement (i.e. no more refund checks). Assume same would be true on new purchase. Total should not be more than $300.
Hmm... guess you're right... probably why mine was $299. hehe

Come to think of it... last time I got a new car (about 6 years ago), the first registration was something like close to $500 I think....
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  #6  
Old 03-11-2003, 07:34 AM
Cliff Cliff is offline
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0.067% (approximately) of the value of the car. It is likely to go back to 2% this spring due to budget shortfalls. They stopped the rebate checks a couple of years ago.
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  #7  
Old 03-11-2003, 07:50 AM
pps-325xit pps-325xit is offline
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Yup, today's newspaper said VLF rebate may be rescinded within the next 8 weeks due to state fiscal crisis. Glad I just paid mine

Quote:
Originally posted by Cliff3
0.067% (approximately) of the value of the car. It is likely to go back to 2% this spring due to budget shortfalls. They stopped the rebate checks a couple of years ago.
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  #8  
Old 03-11-2003, 07:54 AM
Cliff Cliff is offline
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Mine's due in June. Oh well...
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  #9  
Old 03-11-2003, 08:01 AM
pps-325xit pps-325xit is offline
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Maybe you'll be lucky and get the notice before they rescind the rebate. They usually send the renewal up to two months before it's due.

Quote:
Originally posted by Cliff3
Mine's due in June. Oh well...

Last edited by pps-325xit; 03-11-2003 at 11:10 AM.
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  #10  
Old 03-11-2003, 08:31 AM
dustyfg dustyfg is offline
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Quote:
Originally posted by Cliff3
0.067% (approximately) of the value of the car. It is likely to go back to 2% this spring due to budget shortfalls. They stopped the rebate checks a couple of years ago.
You mean 0.67% (not 0.067%) , right ?

0.67%*price +$30 +$8 +$6 seems to be close to the amount I paid.



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  #11  
Old 03-11-2003, 10:54 AM
Cliff Cliff is offline
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Yes, I meant 0.67% - 32.5% of 2% actually as the VLF was reduced by 67.5% in 1998, so 0.65% is the actual number. For a little while.
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  #12  
Old 03-11-2003, 02:14 PM
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SONET SONET is offline
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I read about this in the paper today, and mine is due in June as well.

Can't you pay it early?

Damn Davis.

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