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For example, if you are trading in a $6,000 car to buy a $24,000 car, and your state offers this tax break, you would only pay sales tax … But using the above example, say the sales tax … Dealerships may also charge a documentation fee or "doc fee", which covers the costs incurred by the dealership preparing and filing the sales contract, sales tax … Determine the price you will use to calculate your car's sales tax. A motor vehicle (including a car, motorcycle, motor home, RV, sport utility vehicle, truck, van or off road vehicle) but include only the amount you would have paid up to the general sales tax rate; and; An aircraft or boat, but include the tax only up to the amount of tax for the general sales tax … Used Car Sales Tax. (This protects people who lease from having a spike in how much they owe if state sales taxes are increased.) The sales tax for car-lease payments is based on the sales tax of the state where the car is leased at the time of the lease. Assume your sales tax rate is 6 percent and the purchase price of the car is $20,000. The sales tax varies by state. The sales tax you pay is based on auto tax regulations in your municipality and is not typically influenced by whether the car is new or used. According to The Nest, to calculate the sales tax, you will need to multiply the price you paid for the car by the current sales tax rate. If you buy a motor vehicle out-of-state and initially register it in your home state, then you should not pay sales tax at the point of purchase, but instead, when registering back home; otherwise you run the risk of paying car tax twice, depending on each state's car tax … The calculations will depend on the state where you reside and can be based on the total purchase price, the purchase price after you … Average DMV fees in Arkansas on a new-car purchase add up to $32 1, which includes the title, registration, and plate fees shown above.. Arkansas Documentation Fees . When you buy a car in Tennessee, you usually must pay state and local sales tax. The total amount of taxes due depends on where you buy the car and whether or not you have a car to … Similar to how they can help you with DMV-related fees, dealerships can also help you figure out your used car sales tax; however, if you purchase your used car from a private party, you… Sales Tax Example. If your state offers this tax break, you only pay sales tax on the difference between the price of the new car and the value of the old car. Your sales tax … For example, if you received a $3,000 rebate on your vehicle, and it decreases the total cost to $7,000, you still have to pay sales tax on $10,000, says the Sales Tax Handbook. The sales tax will be the same whether you pay cash or finance the purchase with a regular car loan.

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