Here at Sansone Auto, you’ll find used cars for sale and the information you need to take home the right pre-owned vehicle at the right price. We’re sharing all you need to know about the taxes and fees that come with a used car purchase.
Vehicle Registration
Our dealership will take care of a lot of the documentation for you when it’s time to finalize your pre-owned car purchase. We’ll help you register your vehicle, which can save you a lot of time at the DMV. The fee amount varies in New Jersey depending on your vehicle’s model year and weight class.
Documentation Fee
In addition to paying for the vehicle registration, you’ll likely pay a documentation fee when purchasing a pre-owned vehicle. The dealership saves you a lot of time and energy by inspecting and registering the vehicle and making sure all the paperwork is up to scratch, and that’s what the documentation fee covers.
Sales Tax
It’s important to account for sales tax when it comes to purchasing a pre-owned vehicle. In fact, a lower sales tax rate is one of the reasons so many drivers consider trading in their current model when they buy a car, since the sales tax is calculated after trade-in vehicle value is deducted. The New Jersey sales tax rate is 6.625%, but you may also find a county or city sales tax factored in as well.
There are many reasons to consider purchasing a pre-owned vehicle when it’s time for the next ride. Pre-owned cars are less expensive than new cars and they maintain their value for longer. Learn all you need to know about the pre-owned vehicle purchasing process at Sansone Auto today.
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