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And since I've always heard I should pay as little as possible up front to reduce the cap cost as possible (in case of an accident, etc.), wouldn't it make sense to:
1. Roll the tax amount into the cap cost instead of paying it up front?
and
2. Get a check for trade-in for the $10k (less what has to be paid at closing, like first months' payment, etc.) instead of reducing the cap cost?
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
If I understand correctly, I could only avoid paying sales tax in GA if I buy a car from a "Private party" either locally or from out of state seller (not a dealer).
How much should the price come down if you take out taxes, title and plates?
You will have to pay for the temp tag, but I think it is pretty cheap.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Oh, and if you want to commit political suicide, take away the casinos from all the senior citizens that bus in every day, then tell them they won't get reimbursed for their prescriptions. Not happy people.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
We have also been discussing the casinos (mainly because we want to take a trip down there in the next couple of weeks). I still find it VERY strange that private businesses can be shut down in this manner. Oh well.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I bought a Camry 07 from a dealer in Chicago, IL, but I live in Champaign, IL, thus I will register the car in this county.
So, my question is how much should I pay for the tax rate. The tax rate in Chicago area is 7%, and the Champaign county is 6.25%.
As far as I know, one should pay the tax based on where the vehicle is registered, not bought. But, when I searched the illinois revenue site, it said as "The tax rate the dealer is required to collect is preprinted in Section 6, Line 4 (ST-556 form). This rate is based on the registered business location of the dealer that is preprinted in the upper left portion of Form ST-556, thus Chicago".
So, which one is correct, especially in Illinois?
Help me to solve this issue.
Thank you and have a great day,
Thank you!
BTW - thinking of purchasing the FJ in California - I am an Arizona resident.
Any help would be appreciated.
What is that??? :sick:
http://www.dps.state.la.us/pmtaxtable.nsf
lets you know about the parish & municipality tax.
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Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
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It looks like in the state of florida from www.myflorida.com you pay sales tax in a deal with a trade on the balance after the trade in is taken off. Otherwise sales price minus trade in value =final price and the 6% sales tax is calculated on that.
Is this correct?
Thank you.
The last thing I want to do is pay the $450 in Montana and then have to go and pay nearly $2000 in Missouri for sales tax and other fees. Would owning the vehicle for a month in Montana and staying in temporary quarters in Missouri up to two months equal the 90 days? Should I just wait 2-3 months and then go tag/title it in Missouri since the state requires that it be done within 30 days? How would they know where I was living until then? I don't think I would be a Missouri resident until I bought a home???
So should I gamble and pay the fee in Montana and hope I go tax free in Missouri...or just suck it up and pay the Missouri taxes?
J
tidester, host
http://www.dor.mo.gov/mvdl/motorv/titling.htm#newresident
Good luck in any case... registering from out-of-state in Missouri is a painful process, and requires trips to at least 4 different agencies. Plan ahead
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Yeah, I have been to that site, and it does look like it could be a painful process. Are they really strict on those rules? For example... the 90 day rule. We will not have owned our vehicle for the full 90 days before moving to Missouri.
I recently went through this process in St. Louis, so let me know if I can be of any help! If you're moving to this area, I can at least tell you which offices are the most convenient and least crowded.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Thanks!
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Well, AZ for one. We only pay sales tax on the difference betwen the traded-in vehicle, and the purchased vehicle.
$10,000 trade
$25,000 new vehicle
$15,000 is taxed.
In Nevada we get a tax credit for trade ins. I did it last weekend.
That is because a trade in is applied like a discount rather than a down payment on the new car (like a rebate would be) and it is the discounted price that is taxed.
We traded in a car for $7700 and got over $400 in tax credit towards the new car making our trade in worth 8100, $100 more than CARMAX offered.
Make sense? uh... nope..
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Anyway, just to add to the list, NJ gives credit for new or used. believe me, i've traded enough to know!
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
YOu can get it reeallllllll cheap. :P
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I swear our shop foreman can fix some cars just by touching the hood.
I am getting a car from a friend who does not need it, but wants me to have it transferred to my name. Do I have to pay tax on the value of the car even though I am not actually going to pay him any amount? If I have to pay the tax; then on what amount... can it be a nominal amount
TIA
You can go ahead and state its a gift or whatever, but they will send you a bill after you register the car for the sales tax on what THEY BELIEVE the car is worth.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I never bought a used car while I was there but I believe you'll pay sales tax when you try to register the vehicle. Anyone know for sure?
tidester, host
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tidester, host
I am thinking about buying a 2nd hand car in US (probably in Florida) and then ship it out to South America. Do I need to pay some kind of tax even though the car will be shipped out? Is there some kind of procedure for this case, like returning the number plates or something? Also I would like to know what fees apart from the tax one has to pay if one buys a second hand car- and how much are these? (i cannot find any information on this and I have checked numerous internet sites)
I am thinking about trading cars with a family member. The net result will be me paying them $2,500 on a vehicle worth 15,000 (they live in another state and will be getting my car in exchange). Does anyone know what amount I will have to pay sales tax on (the 2,500 or 15,000). I could not find any information on weather Pa taxes on the sales price or car value.
Thanks
I am looking to see if it is legal to do it. Or do I have to register and pay the state tax before I can sell it.
Thanks a lot.