Tag renewal!!!
So just got my tag renewed for my 15 durango. I've had it 6 months now but the tag cost $320. Does this sound on par with everyone else? I may be way out of line but assumed being a rec vehicle that...
Forum Discussion
mileshuff wrote:
In Arizona tags are based on 60% of MSRP, $2.80 per $100 value.
For a $30000 vehicle as follows:
$30000 * .60 = $18000
$18000/100 * $2.80 = $504
The MSRP value depreciates 16.5% per year after so registration fees drop each year.
Because fees are based on value the registration fee is deductible on taxes.
Consider yourself lucky you live where its quite a bit cheaper!
I live in AZ also, and yes, registration fees are high, but mine are nowhere near that high. I used your formula as stated, and my registration for a new car purchased a year ago was way way cheaper than what your formula came up with, about 40% less.
