Yes I do ;)
you only pay taxes in the state the car is registered.
If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.
You pay the tax on the purchase price in IL.
Noooooooooooooooooooooooo!!!!!!!!!!
Pay the bill off and sell it or borrow enough on the new car to pay off the old car and finance then new one. My advice is to not consider trading until you pay off the car you now own. That way you will be in a much better financial condition to purchase another car.
The taxes on a new vehicle purchase will be paid to the state where you reside. If you purchase the vehicle in a state other than the one where you reside you will pay the sales tax when you register it, or title it in your state.
It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.
You should ONLY pay the sales taxes etc. in the state where the vehicle is registered.
If it was registered by you in N.J. - Yes
They are a reseller and do not pay tax when they purchase a car.
yes and no. If you purchase a used car from a dealer, yes you pay tax. If you purchase the car from a private seller, you don't have to pay sales tax.
You will pay on the value of the new car.