I'm looking at purchasing a new vehicle right now via a trade-in of two vehicles. The one I'm interested in is about $1500 outside of my financial reach. If this bill was voted in, I could purchase that car tomorrow due to the tax savings. If the bill is not voted in, I'll have to sell my vehicles privately and then purchase a used vehicle privately. I realize the state won't get the $1500 from my deal with this bill, but the car manufacturer that is located in Detroit WILL get the sale of a new car. If I do everything privately, then both the state and the Detroit manufacturer loose out. Coming from another state where they did not tax on the trade-in difference, this was a HUGE incentive to purchase a new vehicle and EVERYONE knew about it.
Please enact this law. It is the right thing to do to help stimulate the automative sales in Michigan (that and allowing tinted windows, grin.)