The selling price was 714.15.
It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.
Sales tax on vehicles in MA is 6.25 percent of the purchase price. If bought from a dealer, the trade-in value of your older car can be deducted from the price. If bought from a private seller, the value would be based upon blue-book, regardless of what you two agreed was the value.
Multiply the state income tax times the car purchase price.
use the purchase price
NO. But you will pay sales tax when you tag and transfer title. Based on the value of car... not the actual sales price
Sales tax in Pennsylvania is calculated on the difference between the sales price of the car and the trade-in amount. This is usually called the "money difference"
Car auctions is a awesome place to purchase a used or new SUV for a substantial lower price that usual. Some SUV's will likely go lower than 2000.00 under the value of the vehicle. Most car lots has room to negotiate on the price of a vehicle before selling but, the higher the selling price the more commission the sales representative make.
Yes, the purchase of a used vehicle is subject to NJ 7% sales tax, based on the purchase price of the car. The sales tax is paid when the vehicle is registered with NJMVC.
You would pay the taxes on the actual price you paid for the car. If it was 10000 then you would pay the taxes on that not the list price. Hope this helps
The tax is depending on the purchase price. The sales tax for new cars is 3.25%, and for used cars, the tax is $20.00 for the first $1500.00 and 3.25% on the remainder of the sale price.
You pay the tax on the purchase price in IL.