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The vehicle sales tax is a tax imposed by city and state governments on the purchase of the car. The rate can vary from state to state and in some instances from county to county.
CarGurus shares answers to the most important questions about taxes when buying and selling a car.
Up until five days ago, car buyers had to wait until they filed their federal income taxes to receive the benefits of the federal electric vehicle (EV) tax credit.However, changes to EV tax breaks ...
The tax credit will only be given to the original purchaser of the vehicle, and not to a secondhand owner. If the vehicle is being lease, the tax credit can be claimed by the leasing company alone. The vehicle must be used mostly in the United States. The vehicle must be placed in service by the taxpayer by 2010 or later.
The tax credit acts as a sort of “instant rebate” for money off an electric vehicle. The $7,500 tax credit can significantly lower the initial purchase price of an EV,” said John Ellmore ...
Some platforms offer return policies, warranties and inspections. ... 5 Ways To Buy a Car Without Using a Dealer. Show comments. Advertisement. Advertisement. In Other News. Entertainment.