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According to a recent Edmunds used vehicle report, demand for used cars is dropping and so are their values as the new-car market rebounds from pandemic-induced shortages. This is especially true ...
CarGurus shares answers to the most important questions about taxes when buying and selling a car.
If you’re being asked to pay tax on a car or other property that you didn’t own on Jan. 1 of this year, contact your county’s assessor’s or treasurer’s office using the numbers above.
But buying a used Tesla isn’t as straightforward as buying a used Toyota, especially if you’ve never owned one. The car experts at Edmunds outline five general tips for car shoppers who are in the market for a used Tesla. PICK THE RIGHT TESLA FOR YOU. Most shoppers looking for a used Tesla choose between the brand’s two sedans and two SUVs.
If you spend $20,000 on a used car, you’re paying $1,900 in sales tax. However, if you buy a car in Michigan or Idaho, they both have a flat state rate of 6%. $20,000 on a car there results in ...
Edmunds.com Inc. (stylized as edmunds) is an American online resource for automotive inventory and information, including expert car reviews based on testing at the company's private facility. The company is headquartered in Santa Monica, California , and maintains an office in downtown Detroit , Michigan . [ 1 ]
Diesel: Because diesel engines are typically more fuel efficient, and can run on cleaner blends of diesel fuel, diesel powered car buyers qualify for federal tax credits. Many Volkswagen diesel models are currently pre-approved for a tax credit of between $1,000 and $1,700. Because diesels are less common in the U.S. than standard gasoline cars ...
Hybrid vehicles owners will pay a reduced tax (50% to 100% reduction). Electric vehicle and Classic car owners will pay no tax at all. All vehicle owners get a 10% reduction if they pay the tax before May 1 (which is the deadline for paying the vehicle tax).