Vehicle Buying Outside Your State. Better?
I'm curious about this since I'm an hour from the Mississippi line and 2 hrs.
from Tennessee and was wondering if anybody has done it and how it worked out. |
For what purpose? There should be a reason to , right? :lol:
Purchasing an older model down south, -free from the rust belt is the only reason I can think of. Is there another ? |
Originally Posted by jbrew
(Post 4722538)
For what purpose? There should be a reason to , right? :lol:
Purchasing an older model down south, -free from the rust belt is the only reason I can think of. Is there another ? |
We bought a 03 Monte Carlo SS Pace Car Edition for my wife with 34k on it and she drove it for two years with no problem. We bought it off E-Bay from a dealer in New Jersey and I flew out and drove it home.
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Originally Posted by Railroad
(Post 4722541)
I've heard people doing it because of taxes.
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I did that with my 05 when I bought it. Dealer went to Carrolton, GA to pick it up for me. The biggest pain was I had to take the truck to the DMV to register so they could check the VIN in person.
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I bought mine in Salina Kansas, about 520 miles away. Great price, several thousand less than locally. We just wanted an excuse for a road trip, but I paid 6.25% state tax only when registering here in Illinois versus the local tax which is almost 10%. Extra bit of savings too.
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In Texas, you pay 6.25% when buying a vehicle. No local tax. If you buy out of state, you have to register the vehicle in Texas which is going to cost you 6.25%. So, no tax savings.
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I think in most cases the state you live in will try to hit you for the sales tax if you bring in a vehicle you just purchased out of sate. Maybe there are some loopholes or exceptions, but my understanding it there is 1 year window.
IOTW, if you try and register it in your state within 12 months of the purchase, they will attempt to collect the sales tax. |
Here in MO, dealers do not collect sales tax on any purchase or handle any kind of registration. They give you a 1 month cardboard plate and you have to take the paperwork to the DMV yourself and pay the sales tax. Kinda makes you wonder what the dealer doc fee is for.
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My youngest girl bought her BMW X5 from the plant at Spartanburg, S Carolina. Then she brought it home to pay the Texas taxes on it and now lives in Charleston- go figure. She claims she saved a ton of money on it. I hope so cause that beast drinks gas pretty bad.
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Originally Posted by jbrew
(Post 4722538)
For what purpose? There should be a reason to , right? :lol:
Purchasing an older model down south, -free from the rust belt is the only reason I can think of. Is there another ? |
The only way to get out of sales tax is if the private party seller is nice and give a bill of sale for less then the actual sale price. I've done that.
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On mine from Kansas there was no tax collected, only 6.25% state tax here in Illinois. Had I bought it here in my hometown it would have been 9.75%
Hey it's that much. |
Hi guys...been a while!
I just bought a new Escape from a dealer in Idaho...I'm living in Washington...I didn't pay Idaho sales tax, I paid Washington state sales tax. The dealer collected it, it was all in the contract so I didn't have to pay anything else when I went to register it. |
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