I'm looking into buying a new Hyundai Veloster. In my area the car is going for roughly $25k. Two states north, in Pennsylvania, it drops down to $24k. Two states east, in Delaware, the car is $21k brand new.
I'm really just concerned how much I'll really be paying for the car and if the cars in Delaware have a ton of hidden fees that'll even out with what I'll pay here.
So the real question is, how would paying taxes for the car work? Would I pay that state tax and my state tax, or would I just pay my state tax? I want to avoid accidentally paying taxes twice when I don't need to. Also, would there be any other fees included with buying a car out of state?
Thanks
?2019-10-12T22:07:01Z
Before you start comparing prices, make certain you're looking at the same car with the same options and accessories. It's quite easy to run up the list price with a few options like automatic transmission, air conditioning or a high powered stereo system. Even a special paint color can drive the price up by several hundred dollars. Also, talk to your local dealer to see if there are any factory discounts or incentives available on the car that you want.
Sales taxes are typically charged when you license and title the car in the state where you live. If you do decide to buy out of state, make sure the dealer knows where you intend to get it registered.
I tried shopping for a new Nissan Pathfinder on the Internet. When I went for the best discounted price, I was told that would cost more than what they claimed on their website, regardless of what the website showed. What I finally did was to pick out a vehicle exactly the way I wanted it, got quotes showing the best buys and shopped local dealers until I found one that agreed to match the low price.
You're looking at different cars. The MSRP on a car is the same no matter where it sells. A Hyundai Veloster with a specific set of options costs the same in CA as it does in NY, or FL. If the price varies by that much, you're looking at apples and oranges.
That being said, you pay sales tax in the state you register it. Title and license fees vary from state to state, and doc fees vary by dealership (unless capped by state law).