Question about purchasing a car out-of-state (Raleigh, Durham: sales, lease, insurance)

[nogard13]

OK, so I'm thinking of flying to Florida to buy my new (used) car. I'm thinking of getting a Certified Pre-Owned vehicle and there are a few in FL that are $4-5K less than they are locally. My two questions are:

1. Does the dealer in FL register the car in NC? If so, do they charge me the 3% HUT instead of the Florida sales tax?

2. I already paid property taxes in January on my existing car (a lease). I'm returning that car to the dealership in April. Do I get the pro-rated difference back? If not, does it apply to the new car as a credit?

Thanks!

[steve54]

I did a similar thing last year except I bought mine off ebay and flew to baltimore.
The guy there gave me a 30 day tag which gives you enough time to
Drive back
Get the car inspected by NC
get the insurance sorted
go to dmv with all docs to register
Pay your sales tax ( mine was $616 on 421k)

The only problem I encountered was at DMV . The sales invoice had a change of sales price ( discount for car not having as good a radio system as was advertised) and they wouldn't accept it . They did allow him to fax a new on through to DMV direct

Florida wont charge you any tax
not sure about the property tax - I don't recall getting any back for mine

[frankpc]

Originally Posted by nogard13

2. I already paid property taxes in January on my existing car (a lease). I'm returning that car to the dealership in April. Do I get the pro-rated difference back? If not, does it apply to the new car as a credit?

Thanks!

You can, maybe, ... Wake County directions below:

Adjustments/Refunds

If you sold your vehicle, or moved your vehicle out of state, you may be entitled to a proration or refund of taxes. The following two conditions must be satisfied to qualify for the adjustment:

1. The license plate must be surrendered to the North Carolina Division of Motor Vehicles prior to the month of expiration.
2. Vehicle ownership must be transferred to a new owner or the vehicle must be registered in your new state of residence.

Within one year of your license plate surrender, mail a copy of the NCDMV FS-20 surrender form along with either a bill of sale or a copy of the new state registration to:
Wake County Revenue Department
Post Office Box 2331
Raleigh, NC 27602-2331




Frank

[nogard13]

Originally Posted by frankpc

You can, maybe, ... Wake County directions below:

Adjustments/Refunds

If you sold your vehicle, or moved your vehicle out of state, you may be entitled to a proration or refund of taxes. The following two conditions must be satisfied to qualify for the adjustment:

1. The license plate must be surrendered to the North Carolina Division of Motor Vehicles prior to the month of expiration.
2. Vehicle ownership must be transferred to a new owner or the vehicle must be registered in your new state of residence.

Within one year of your license plate surrender, mail a copy of the NCDMV FS-20 surrender form along with either a bill of sale or a copy of the new state registration to:
Wake County Revenue Department
Post Office Box 2331
Raleigh, NC 27602-2331


Frank

I hope this works for Durham as well. I'll call the DMV today and see what they say.

Thanks!

[frankpc]

You want to call Durham County first ... not DMV.

While DMV will block your registration based on not paying your vehicle property tax, the actual property tax is a local/County gov issue.

Frank

[nogard13]

Originally Posted by frankpc

You want to call Durham County first ... not DMV.

While DMV will block your registration based on not paying your vehicle property tax, the actual property tax is a local/County gov issue.

Frank

Roger!

I called and they said that they will pro-rate it. I just have to show proof that I returned my plates within a year and they will calculate the difference and return it to me.

Thanks!

[T|K]

You have to show proof you turned in plates as well as proof of selling the car typically in Durham County. I just had to do it on one of my cars.

[frankpc]

Good point. Even a non registered car is subject to property tax. So if you buy a vehicle but don't register it you still need to declare it for property tax purposes.
The DMV just makes the usual process more automatic.

Frank