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The last automobile dealership along Automobile Alley, Mercedes-Benz of Oklahoma City at 1225 North Broadway, plans to vacate its premises in 2018 and move to suburban Edmond. The new location will occupy half of a 65,000 square feet (6,000 m 2 ) building that was constructed to house Volkswagen of Edmond in 2003.
A group of auto dealers then sued the state to try to get Tesla's license rescinded. This suit was dismissed less than two months later. Shortly thereafter a legislative bill was introduced that would ban all manufacturers from owning dealerships, not just those with existing franchisees. [ 98 ]
Driver licensing is handled by the Oklahoma Department of Public Safety, while the Oklahoma Tax Commission handles vehicle registrations and titles. Vehicle registration services are semi-privatized in Oklahoma, with businesses providing registration services having been called "tag agencies" until 2023.
When you buy a car from a dealership, the dealer might take care of the registration process for you. This includes ordering the car's title and securing the license plate.
Oklahoma auto insurance laws also require insurance companies to offer uninsured/underinsured motorist coverage with minimum limits of $25,000/$50,000. However, this coverage can be rejected in ...
How much is car insurance in Oklahoma?The average annual cost of car insurance in Oklahoma is $519 per year for minimum coverage and $2,585 per year for full coverage, which includes collision and ...
The revenue for Oklahoma Insurance Department's budget is generated from the fees associated with the licenses. Since 2016, the OID has been non appropriated.According to the OID's 2018 Annual Report, the department's operations have produced $46.5 million to be given back to the State of Oklahoma budget for use by other state agencies.
Vehicle Taxes and Licenses Source Tax Imposed Aircraft Excise Tax 3.25% New Motor Vehicle Tax 3.25% Excise Tax + 1.25% Sales Tax Used Motor Vehicle Excise Tax $20 on first $1,500 + 3.25% on remainder + 1.25% Sales Tax on Total Motor Vehicle Registration Fee Vehicle Age Years 1-4: $91/annually. Vehicle Age Years 5-8: $81/annually