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So if you're buying a car worth $30,000 and your trade-in is worth $20,000, you'd be charged taxes only on the $10,000 difference between your new vehicle and your old one.
However, if you buy a car in Michigan or Idaho, they both have a flat state rate of 6%. $20,000 on a car there results in $1,200 sales tax. How to Avoid Paying Sales Tax on a Used Car Legally ...
CarGurus shares answers to the most important questions about taxes when buying and selling a car. ... How to Avoid Paying Tax on a Used Car. Living in a state without sales tax is the only fool ...
To determine the most expensive states to own a car, GOBankingRates surveyed and totaled the cost of buying and owning a car for one year in all 50 states. This included car sales tax, average ...
Sales tax on large purchases, like a car, is crucial to factor into the price. Depending on where you live and the price of your car, sales tax can cost you thousands of dollars. But did you know ...
The exact amount that you should spend on a car might change depending on who you ask. Some experts recommend that car-buyers follow the 36% rule associated with the debt-to-income ratio (DTI ...
Buying a used car from a private seller may be more complicated than purchasing a certified pre-owned used vehicle from a dealership. Although both methods require a bit of research, buying from a ...
Here are five options for finding your next car without using a dealer. Online Car Marketplaces. Emil Sultanov, a car-buying expert with LongTermCar, said that websites like Carvana, Vroom and ...