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Smart Shopper Vehicle Sales Tax Questions
947 messages, Last post on Nov 23, 2009 at 10:05 AM
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Replying to: euphonium (Apr 05, 2009 3:27 pm) Interestingly enough, in the case of cars purchased out of Washington state and then registered here, you pay the sales tax rate of wherever you register it. I bought my last car in Oregon and knew that I had to pay the sales tax when I went to get my WA tags. I went to a licensing office near where I worked at the time in Thurston County and paid their rate, not the higher Pierce County rate where I live. Saved a few bucks but was shocked it worked that way. |
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I live in South Carolina (official tax home) but spend a good deal of time in New York state. I am thinking about buying an Altima Hybrid in New York (because it is unavailable in South Carolina) but will register it in South Carolina. The new car tax is 4.25% (I think) in New York and 5% in South Carolina. If I purchase the car in New York but register in South Carolina: 1) Will I pay the 4.25% sales tax in New York when I purchase the car? 2) Will I pay the 0.75% difference in excise taxes to South Carolina or must I pay the full 5% in excise taxes to South Carolina? 3) Per the 2009 Automobile Sales Tax Deduction, will I be able to deduct 9.25%, 5%, 4.25%, 0.75% or anything from my Federal taxes? Thank you for your help. |
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Replying to: newcars (Apr 10, 2009 2:22 pm) FAIK, you will pay the 4.25% tax in NY. NOTE: there may be city and county taxes as well. IF the total tax paid in NY is 4.25% you will pay the difference between that and the tax owed in SC. You will be able to deduct the total amount of tax paid on your 2010 return. |
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Replying to: newcars (Apr 10, 2009 2:22 pm) And... SC caps auto sales tax at $300, the last I heard..  Not sure, but if you have a SC driver's license, then you should be able to buy the car in NY without paying any sales tax, then just register it in SC, and pay the tax there... If you hold a NY driver's license, then you might be hard-pressed to claim SC residence for sales tax purposes... In that case, you might find it's worth it to buy the car in SC and avoid the chance of higher taxes. You might find it difficult to not pay sales taxes in NY, if you have a residence there, even if it's not your primary one... I'm definitely not an expert on that, though... Given that the tax difference between the states is likely in the thousands of dollars, I wouldn't take a chance.. Buy the car in SC! regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Apr 11, 2009 6:09 am)  Buy it here if you have a residence in SC. |
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Replying to: kyfdx (Apr 11, 2009 6:09 am) Since my official residence is South Carolina, I am going to try and purchase the car without paying sales tax. And as the Nissan Altima Hybrid is not available in South Carolina, I must buy it in New York. I will let everyone know how it goes. |
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I have kind of a different situation. My F I L lives in SC where my husband still has an account with a bank that will finance us. Also my F I L still has a car registered in my husbands name, so we have SC license plates. So if we buy a car in SC and register it there at his parents house with his plates, will we get away with paying the $300 cap on sales tax? Then when we register it after a year in CO, we actually have Disabled Vet plates that we can transfer to the new car which will cost us nothing also. Does this sound plausible?
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Replying to: jjcooper0803 (Apr 21, 2009 6:55 pm) If you're living in CO, I believe the state requires that you register within 30 days. tidester, host SUVs and Smart Shopper |
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Replying to: jjcooper0803 (Apr 21, 2009 6:55 pm)  It could end up costing you 10X what the original tax in colorado would have cost you if you had done it the right way to start with.
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Iam buying a vehicle out of new york to mass.Is there a way to save on state sales tax? if the person sells it for a $1 does that have an effect on the tax?
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