Diyvehiclerepair
This is one of the most common concerns for out-of-state buyers. The good news is that the answer is simple: the only sales tax you'll pay is the that of your home state. Many people are under the impression that you have to pay double the sales tax when you buy out of state, but this is entirely false.
- Do I have to pay taxes twice if I buy a car out of state?
- What taxes do I have to pay if I buy a car out of state?
- How do I buy a car from out of state in MA?
- Can we buy car in one state and register in another?
- What is the cheapest state to buy a car?
- How do I calculate sales tax on a car in Massachusetts?
- What states have no car sales tax?
- Do you pay tax when you buy a car privately?
- Can you finance a car out of state?
- Is it cheaper to buy a new car out of state?
- Can I buy a car in Florida and register it in Massachusetts?
- Can Ma residents buy cars in NH?
- Can I drive a car I just bought in Massachusetts?
Do I have to pay taxes twice if I buy a car out of state?
Do I have to pay taxes twice if I buy a car out of state? No, you will only pay taxes once to the state where you register the car. If you buy from a dealer they will often collect this for you and remit to your home state.
What taxes do I have to pay if I buy a car out of state?
According to CarFax, you will need to pay your sales tax to the state where you register the vehicle, i.e., in your home state or where you will reside with the car. You will not pay the sales tax to the state where you purchased the vehicle.
How do I buy a car from out of state in MA?
The proper procedure for purchasing a vehicle out-of-state and driving it back to Massachusetts is to register the vehicle first. You should complete your purchase paperwork (purchase and sales contract, etc.), submit payment to the seller, and obtain the title.
Can we buy car in one state and register in another?
Yes it's possible. You will need all the sales paperwork as if you were going to buy it in the original state, plus the paperwork for the state where you're registering it, plus something called a "no objection certificate".
What is the cheapest state to buy a car?
Overall, New Hampshire is the cheapest state to buy a car, since registration fees are low and sales tax non-existent. Florida is the second cheapest state to buy a car, and the state has a wonderful inventory. In fact, cars cost around ten percent less than the average.
How do I calculate sales tax on a car in Massachusetts?
In Massachusetts, the value of your old trade-in can be subtracted from the value of the new car, which saves you sales tax. For example, if your trade-in is worth $3,000, the end price of the new car is ($12,000) - ($3,000) = $9,000, and sales tax will be ($9,000) x (0.065) = $585.
What states have no car sales tax?
Are there states with little to no sales tax on new cars? States like Montana, New Hampshire, Oregon, and Delaware do not have any car sales tax. While states like North Carolina and Hawaii have lower sales tax rates below 5%.
Do you pay tax when you buy a car privately?
When you purchase a vehicle through a private sale, you must pay the associated local and state taxes. In most states, you'll need to bring your Bill of Sale and signed title to the Department of Motor Vehicles (DMV) or motor vehicle registry agency to pay your taxes and obtain your registration, new title, and plates.
Can you finance a car out of state?
You can certainly finance a car from another state, but the process is a little more tedious than buying one in your home state. Depending on where you live, and the state you plan on buying the vehicle in, the process of paying tax, title, and license fees can change.
Is it cheaper to buy a new car out of state?
Sometimes buying a car out of state can save a lot of money. It can save you so much in fact that it might just be worth the drive. ... If the car you want is difficult to find or you have found it at a significantly cheaper price point, then it might be worth the trouble of buying it out of state.
Can I buy a car in Florida and register it in Massachusetts?
If you are a Massachusetts resident who is spending time in, say, Florida this winter, be aware of this Massachusetts sales tax provision if you happen to buy a new vehicle while out of state. ... However, only vendors registered with the Massachusetts Department of Revenue are allowed the trade-in allowance.
Can Ma residents buy cars in NH?
New Hampshire is one of just five states that do not have a sales tax, so you're in luck when you need to purchase a vehicle. ... However, if you live in neighboring Vermont, Maine or Massachusetts, you cannot simply go to New Hampshire to buy a car to avoid paying sales tax.
Can I drive a car I just bought in Massachusetts?
Even in Massachusetts, it's generally illegal to swap plates like this, yet this law requires you to do exactly that. It's the only way you can drive a newly acquired car while you're still in the process of registering it.
