Price of Cars

[mm34b]

Originally Posted by leavingNY

bumping this thread.

Does anyone know what the State Sales Tax percentage is if you buy a new car from a dealer?

Thanks in advance!

EDIT: Found my answers. NC State levies a 4.5% sales tax, which is scheduled to be lowered to 4% in June 2007. Most counties levy an additional 2.5% on top of that. Mecklenburg happens to be one of the exceptions. It levies 3% on top of the state tax.

There's no sales tax in North Carolina on motor vehicles. We have a Highway Use Tax (HUT) instead. If you are already a resident of the state, your HUT would be 3% of the sale price, less any trade in credit.

However, newcomers to the state get a break. They will pay a $0-$150 HUT to register their motor vehicles.

HUT Details

http://www.ncdot.org/dmv/vehicle_ser...ighwayUse.html

[SuperchargedSS]

Originally Posted by mm34b

There's no sales tax in North Carolina on motor vehicles. We have a Highway Use Tax (HUT) instead. If you are already a resident of the state, your HUT would be 3% of the sale price.

However, newcomers to the state get a break. They will pay a $0-$150 HUT to register their motor vehicles.

HUT Details

http://www.ncdot.org/dmv/vehicle_ser...ighwayUse.html

Is that a one time fee or is it every year? Sounds stupid, but I figure I'll ask all the questions I can! Thanks!!

[mm34b]

Originally Posted by SuperchargedSS

Is that a one time fee or is it every year? Sounds stupid, but I figure I'll ask all the questions I can! Thanks!!

One time. The HUT is due every time you request a NC motor vehicle title from the state's DMV.

Motor vehicle registration renewal (license plate sticker) is yearly along with vehicle safety & emissions inspection, but there's no HUT associated with that since you're not asking for a new title. Not all of NC's 100 counties have the emissions testing, but if you live in a metropolitan area, you'll have it.

[BxRosie]

Originally Posted by DawnW

We bought our last new car in CA before we came. We did fleet pricing online before we bought off the showroom floor.

The dealer would give us $3,500 over invoice, the fleet pricing gave us $300 over invoice for a savings of $3,200 ($4700 off sticker).

I would go online and do feet pricing first. You could even list 3 dealers from each location (where you are now and NC) and see what the best deal that pops up is.

Dawn

Hi Dawn,

I PM'd you a question.

BxRosie

[leavingNY]

Originally Posted by mm34b

There's no sales tax in North Carolina on motor vehicles. We have a Highway Use Tax (HUT) instead. If you are already a resident of the state, your HUT would be 3% of the sale price, less any trade in credit.

However, newcomers to the state get a break. They will pay a $0-$150 HUT to register their motor vehicles.

HUT Details

http://www.ncdot.org/dmv/vehicle_ser...ighwayUse.html

Thanks so much mm34b. Looks like I'll be waiting until I get to NC to buy a new car. My $25,000 purchase price (no trade in) will save me $1350 in the difference between the 8.375% NY sales tax and the 3% HUT Tax in NC.