Another thing is that if you have a loan on the car the excise is based on what you actually own not on what the value of the car is.I payed 13K for a car but on a loan so my excise is based on $1899.Last years excise was based on $1895 so the value went up in a year based on payments made.

If you have a new car on a loan the excise could be lower than a paid off used car.I'm hoping when my car is paid off in 2026 that the value will be about the same but I doubt the value will go down though because I will own all of it.