My wife just heard this on CNN. In order to stimulate the economy, all state sales tax will be waived for a period of 10 days immediately following Thanksgiving. This applies to all purchases, INCLUDING automobiles. States will be reimbursed by the Federal government; in four states having no sales tax, some other provision will be made to stimulate sales.
South Carolina did this some time ago on a small scale with positive results.
I don't know if it applies to ordered vehicles, or to luxury tax.
As I'm awaiting delivery of my Z8 in early Nov. (as well as a few others on this board are expecting M5s), I plan to call the dealer tomorrow after I'm sure this is confirmed to see if it applies to me.
If not applicable to vehicles previously ordered, I will try to cancel my order and repurchase during that period, even if I have to pay 2 or 3 week's interest on the floor plan the dealer may have to pay. I won't feel guilty; many of us could purchase an M5 with the amount we pay in taxes yearly.
Has anyone else heard this news release???