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KawBoy · 11-19-2006, 12:05 PM

So when you buy a used car, you usually put down something low as the purchase price to pay less tax. Then you get a letter in the mail and you have the person you bought it from sign it saying that they sold it for that much.

How does it work when you buy a newer used car from a dealer? I'll be stuck having to pay tax on a $10,000 purchase price, or what?

Thanks

cinek10 · 11-19-2006, 12:15 PM

you're stuck paying tax on whatever msrp is on new cars, and asking price (i think) on used cars from the dealer

TrboChicsRock · 11-19-2006, 02:05 PM

When you buy a $10k car from a dealership, you pay the dealership for tax, tags, registration, and whatever motor vehicles fees (usually around $100-$200) they want to charge you. So yes, you would be "stuck" paying the $700 tax (if you buy it in Jersey) on a $10k car.

If you're paying cash for the car you'd pay that amount then at the dealership, if you're taking out a loan for the car then they'll add that amount into your payments.

KawBoy · 11-19-2006, 05:00 PM

Thanks Jess

11-19-2006, 12:05 PM	#1
KawBoy Tri-State Aficionado Join Date: Oct 2006 Location: NJ Member #2755 My Ride: WW EVO VIII iTrader: (0)	Registration So when you buy a used car, you usually put down something low as the purchase price to pay less tax. Then you get a letter in the mail and you have the person you bought it from sign it saying that they sold it for that much. How does it work when you buy a newer used car from a dealer? I'll be stuck having to pay tax on a $10,000 purchase price, or what? Thanks

11-19-2006, 02:05 PM	#3
TrboChicsRock Tri-State Post Whore Join Date: Feb 2005 Location: Pennsylvania Member #152 My Ride: 1998 Eclipse GSX, 2012 WRX Premium iTrader: (1)	When you buy a $10k car from a dealership, you pay the dealership for tax, tags, registration, and whatever motor vehicles fees (usually around $100-$200) they want to charge you. So yes, you would be "stuck" paying the $700 tax (if you buy it in Jersey) on a $10k car. If you're paying cash for the car you'd pay that amount then at the dealership, if you're taking out a loan for the car then they'll add that amount into your payments. __________________ - Jessica 1998 Eclipse GSX 11.2 @ 126 To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

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11-19-2006, 12:15 PM	#2
cinek10 Tri-State Training Wheels Join Date: Nov 2006 Location: South Amboy, NJ Member #2887 My Ride: 2008 Nissan Altima 3.5 SE, 1990 Nissan 240SX iTrader: (1)	you're stuck paying tax on whatever msrp is on new cars, and asking price (i think) on used cars from the dealer

11-19-2006, 05:00 PM	#4
KawBoy Tri-State Aficionado Join Date: Oct 2006 Location: NJ Member #2755 My Ride: WW EVO VIII iTrader: (0)	Thanks Jess