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Each state sets its own rules about sales taxes, but generally yes - auto purchase is taxable....however make sure that it was not included in the original capitialized cost once already and instead was being applied to each lease payment.
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∙ 15y ago
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Do you still have to pay taxes Buying out your leased car?
Each state sets its own rules about sales taxes.
If you are buying your leased car do you still have to pay for going over your mileage limit?
Yes you do have to pay, and it doubles what the normal rate is.
Do you have to pay for insurance for a leased car?
Yes
Do you pay insurance on a leased car?
yes
Do you pay insurance for a leased car?
Yes
Do you have to pay taxes for buying a used car?
I assume you are in the Canadian market and the taxes are in Canada. When buying from a dealer you should expect to pay 13% of tax, both GST and PST. But when buying from a private person you are only responsible for 5% GST.
Does a private seller of a car pay any taxes?
No, you've already paid taxes on it when you bought it, so the one buying it from you is the one who will pay the sales tax.
Does a Canadian citizen have to pay sales tax to the state of California when buying a used car from a private seller?
Taxes are paid in California at the time you register the car with the Department Of Motor Vehicles. You do not pay tax to the person you are buying from.
What taxes do I pay when buying a used car in BC?
In British Columbia, you will pay between 12 and 15 percent tax on a used car. The exact amount you pay will all depend on where you purchased the car and what the value of it is.
Do you have to pay taxes if you win a car?
If you win a car you are responsible to pay taxes in the state where you live.
What taxes do you pay if giving a car as a gift in NC?
You don't pay the taxes, the person receiving the car as a gift does.
What kind of state taxes do you have to pay when buying a car in ca?
7.52% of the total sale. If the purchase price was $20,000, the tax would be $1,502.00.
