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Old 02-18-2008, 02:53 PM
 
125 posts, read 458,426 times
Reputation: 41

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Hi group,

I'm relocating from NJ, I have a 2003 Nissan Altima that I bought recently for around $13000, and paid 7% sales tax to the state of NJ.

Will I be able to get around any of the vehicle taxes for Charlotte/NC since I've already paid a sizeable amount in tax on the vehicle? Also, when you buy vehicles in NC, do you pay state sales tax on the purchase, or only the annual fees?
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Old 02-18-2008, 02:56 PM
 
Location: Uptown CLT (4th Ward)
2,560 posts, read 7,699,818 times
Reputation: 423
Quote:
Originally Posted by theLemur View Post
Hi group,

I'm relocating from NJ, I have a 2003 Nissan Altima that I bought recently for around $13000, and paid 7% sales tax to the state of NJ.

Will I be able to get around any of the vehicle taxes for Charlotte/NC since I've already paid a sizeable amount in tax on the vehicle? Also, when you buy vehicles in NC, do you pay state sales tax on the purchase, or only the annual fees?
You have to pay Vehicle Property taxes EVERY year in NC. Not sure if you are talking about a sales tax or property taxes.

You must pay your vehicle property taxes every year before you can renew your plate. They are getting very strict in NC too.

Depends on how late you pay your taxes...but I have a friend that paid them very late and actually got a letter saying they were gonna seize his vehicle if he didn't pay the taxes within 7 days. Must be something new. Not sure. I do not like to gamble when it comes to the state.
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Old 02-18-2008, 03:05 PM
 
Location: Fort Mill, SC (Charlotte 'burb)
4,730 posts, read 17,748,219 times
Reputation: 1008
No, you can't get around the annual taxes here. Really they should be abolished, but they would find another way to get the taxes.
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Old 02-18-2008, 03:23 PM
 
Location: Noth Caccalacca
5,540 posts, read 6,650,249 times
Reputation: 4822
Quote:
Originally Posted by theLemur View Post
Hi group,

I'm relocating from NJ, I have a 2003 Nissan Altima that I bought recently for around $13000, and paid 7% sales tax to the state of NJ.

Will I be able to get around any of the vehicle taxes for Charlotte/NC since I've already paid a sizeable amount in tax on the vehicle? Also, when you buy vehicles in NC, do you pay state sales tax on the purchase, or only the annual fees?
theLemur - I moved down here in 2005. The property tax that you pay in NC has nothing to do with sales tax (in NC or NJ) at all. It is a separate tax that does not exist in NJ. I have a 2001 Ford Focus wagon and paid about $70 for the property tax on it for 2007. It's not a big deal! What you will save on your car insurance will more than offset what you pay for your car property tax. I'm not sure if you pay the full sales tax on a car. I've noticed in the car ads in the paper that they rook you for the "documentation fee" for a new car (about $500 or more). This is worse than NJ - I'd tell them to "eat it"! But for what you'll save on property taxes on your house, you'll be buying a new car sooner than you think! Maybe another poster can give you good advice on the car sales tax issue! Good Luck!
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Old 02-18-2008, 03:30 PM
 
Location: Fort Mill, SC (Charlotte 'burb)
4,730 posts, read 17,748,219 times
Reputation: 1008
NC has a one time highway use tax on the purchase of a vehicle (new or used) which is 3%, then an annual tax which varies by local taxes. The doc fee is completely seperate and is what the dealer charges to register the car, get tags, title, etc. Really, it does save a lot of headaches because you don't have to go to the DMV at all, but sometimes you can use it in negotiationg (I'll buy the car for x amount IF you waive the doc fee).
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Old 02-18-2008, 03:31 PM
 
125 posts, read 458,426 times
Reputation: 41
Thanks guys, sounds like I'll have to hold off on a new Porsche

I was all excited about the cheap car insurance too, heh
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Old 02-18-2008, 03:57 PM
 
Location: Noth Caccalacca
5,540 posts, read 6,650,249 times
Reputation: 4822
Quote:
Originally Posted by theLemur View Post
Thanks guys, sounds like I'll have to hold off on a new Porsche

I was all excited about the cheap car insurance too, heh
Well, to give you an example, I paid $1100 to NJM and now pay $471.
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Old 02-18-2008, 04:27 PM
 
125 posts, read 458,426 times
Reputation: 41
Quote:
Originally Posted by TheEmissary View Post
Well, to give you an example, I paid $1100 to NJM and now pay $471.

Wow, that's awesome. I got a quote from Geico, mine would go from 1100 to 600, i should shop around though since i dont know who's cheap in NC.
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