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How does new car sales tax work?
Online, a listed new car will say in the description how basically the price isn t legitimate and there are a slew of fees. One of these is the state sales tax. If buying from out of state, does this sales tax need to be paid? If so, is it paid to the state where the buyer lives or the dealership is located? I m simply trying to discern which of the additional fees are bull feces (and can thus be circumvented) and which are legitimate.
7 Answers
- Anonymous1 year ago
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- Anonymous2 years ago
50 or 57 states out there, they all write their own rules.
- AlCaponeLv 72 years ago
You pay sales tax at the time you register your car in the state where you live and where the car will be "garaged." However, if you buy your car from a dealer out of state, one of three things can happen: 1) the dealer will not collect sales t\x from you, knowing that you don't live in the state, or 2) the dealer will charge you sales tax for the state in which you made the purchase, and you must apply later for that state to refund your money after you have proof you paid the tax in your home state, or 3) you pay sales tax in both states -- because the two states don't have a reciprocal tax agreement. Contact the DMV in both states to determine how it will work in your specific case.
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- Anonymous2 years ago
If you buy a vehicle it doesn't make any difference what state you buy it in you have to pay the sales tax on it unless you have a sales tax certificate that shows your in business and that you intend to incorporate the vehicle in your business then you don't have to pay the sales tax. You do have to pay the dealer prep and all of the other b******* fees that you see. That's why it makes a lot of sense to buy some vehicle that only has 10 thousand miles on it like a years use and somebody traded it in that way somebody else paid all the taxes and fees and they got all of the kinks out of your car for you. Buying a new car is the stupidest thing that you can possibly do for your pocket the minute you drive it off the lot you lose $5,000. Let somebody else lose the $5,000 buy a 1 year old car
- Anonymous2 years ago
Laws are so different between states, that it's best check with the DMV where the car will be registered. I've moved between states: there's no way to beat the sales tax on a car purchase - in all of my experiences the sales tax was payable when I registered the car/purchase license plates where I reside. DON'T leave it to the car dealership: sometimes what they collect is "misplaced".
- JetDocLv 72 years ago
Most commonly, the sales tax is paid to the state where the vehicle is titled and licensed.
