Originally Posted by Darrel
just seems odd that my dad'* 2001 dodge ram pickup would be half as much as my 1995 bonneville. i know the value of my car is a LOT less then that truck. hmm... interisting.
It depends on value when the car was brand new.
Look at the title for each car. On it you'll see a "classification." The first two numbers of the classification represent the price of the car in thousands. So, 23XXXXXXX would be a $23,000 car when brand new.
That value is what your annual registration cost is derived from. I'm willing to bet the cost of your dad'* truck, when new, is less than that of the Bonnie. The state does not reduce that number over time. It stays the same for the life of the car. The only thing that might change would be the multiplier, but that would affect all registered cars.
BTW, I'm positive this is how Michigan does it....not sure about other states.
For what it'* worth, our 99 costs my $95 annually. Firehawk is $138. But our 79 TA is only $37.