Yes, in North Carolina, you are required to pay a highway use tax when you purchase a car from a private party. This tax is typically calculated based on the vehicle's sale price or its current value, whichever is higher, with a minimum tax amount. It's important to report the transaction when you register the vehicle with the DMV.
If you buy a used car from a private party, you pay no sales tax, although you are legally supposed to report it. If you buy a used car from a dealer, you will pay sales tax.
If I live in Kansa but buy a car from a private party in Texas, how is sales tax calculated on the vehicle.
Yes, in Michigan you will pay sales tax on everything purchased, private or not, except food and water.
NO. But you will pay sales tax when you tag and transfer title. Based on the value of car... not the actual sales price
Yes you do.
yes 5% or $300 max
No ... there is no sales tax on private person to person sales on used cars. Buying from a dealer may be a different story.
Yes. You will pay them when you register the car at the DMV. Pretty lame. Double taxation.
No you don't pay taxes to an individual, only a dealer. You will pay the sales tax at the dmv when you go to register the vehicle.
I don't think so, you pay the sales tax when you register the car. So you would only pay once, unless you registered it in both states.
Oregon has no sales tax and no use tax, so the answer is no, you would not owe any use tax whether on a used car from a private party or a new car from a dealership.
No, but use tax will apply. What is use tax and how is it calculated?