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Buying a car in another state?
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
7 Answers
- Anonymous2 years ago
Getting it from another state, say more to the interior...it will have extras on it that the car in your state doesn't have. Like a block heater for winter days,(couple of hundred dollars more) a 10 year battery instead of the common 5 year battery.(another couple hundred dollars more) , maybe heated seates (another couple hundred more), a winterization package (a thousand more) Different tires(a couple hundred more), etc. Your dealer in your town should know the prices for the exact same car anywhere else. State taxes is part of the purchase price...so is paid at the time of purchase. You pay that once. No matter where you move to. Each dealer decides on how much profit they NEED, so that is why there is a variable on the numbers.
So, you got to be comparing APPLES TO APPLES. then by the time you figure out your value for the TRAVEL TIME HASSLE, LOST TIME FROM WORK, you did not gain all that much(if anything).
- Anonymous2 years ago
Apples to oranges probably.
- JetDocLv 72 years ago
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.
- regeruggedLv 72 years ago
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.
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- Anonymous2 years ago
Move to Delaware, problem solved.
- TheRealLv 62 years ago
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).
Source(s): 20 years retail auto sales experience.