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As far as sales tax the buyer pays this.
When there is a sale between two private parties, the buyer is responsible for paying the sales tax owed to the state and local taxing authorities. In most states this tax is collected by the taxing authority or tag agency when the vehicle is registered in the name of the new owner.
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∙ 13y ago
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When you vehicle is reposed are you financially responsible to pay the bank anything?
When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.
In Illinois when you buy a new car at a dealer and privately sell your old car do you pay tax on the difference or on the entire amount of the new car?
You will pay on the value of the new car.
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.
I just bought a used car 2 weeks ago and now I don't think I can afford it what are some suggestions.?
Sell it privately. You will still be responsible for the car loan unless you are able to pay it off in full from the sale of the car to someone else. Loans are usually not "assumable" these days.
If a car is repossed are you still responsible to pay for the remainder due on the car?
Yes. You are also responsible for repo fees, storage, auction and collection fees. You pay for it all.
When buying a car the amount you are charged and willing to pay is called the?
Selling Price.
Do you have to pay sales tax if you buy a used car from a non-car selling business in Washington?
You will pay the sales tax when you register the car. If the business collects it, they have to give you a receipt for it.
What are ny state car repossession laws?
If my car is repoed and the car is not worth as much as I owe am I responsible to pay the differance?
Do you have to pay taxes when selling a car in Canada?
no no you do not. Mexicans will buy it cheaper and they wont charge tax.
Do i need to pay tax after selling my car in craiglist?
No, the buyer does, sales tax in some States
Why do they build expensive car?
Because as long as there are people willing to pay for it, a company can make money from selling it.
What can you do about a car loan if the car no longer runs?
The purchaser signed the agreement and took on the obligation to pay the debt, not the car. The purchaser is responsible for the terms of the agreement.
