When do you pay sales tax on a car & how much?

Question

Im looking to buy a car. Do you pay full state sales tax at the DMV when you register your titile or is there some smaller sales tax for cars.....i guess im just curious as to how the whole paying sales tax procedure is for a car...

Answer 1

I would check with your state DMV website. In my state, you pay your sales tax (3% in NC) at time of purchase. You also pay your registration fee, which the dealer sends into DMV for you.

Answer 2

When the car is titled in yor name is when you pay the sales tax. If you are buying it from a dealer, it could be included in yor financing, if cash the dealership will inlcude it on their invoice. Percentages differ from state to state. Some states will take off the trade from the purchase price, some don't. Some take any incentives off the purchase price, some states don't. But the actual sales tax is paid when the car is titled.

Answer 3

if you buy the car at a dealership, you pay the taxes right there.

If you buy a car from an individual private seller you pay the taxes at the DMV when you transfer the title to your name.

How much? Multiply the sale price (example: $10,000) times the percentage rate in your state (Example: Florida = 7%). the answer would be: $700.00 in taxes.

Answer 4

somebody has to pay the sales tax - the two you or them. Transfers of call interior a relatives generally do no longer incur sales tax - or you need to in basic terms have the titles put in their names interior the 1st place. sales tax is a state difficulty and has no longer something to do with the IRS. yet while the cost of each automobile is over $13,000, you will might desire to document a contemporary tax return once you're a US citizen.

Answer 5

AT A CAR LOT they take care of it in the sale,if it other sale you pay it at the tag office