What Used Car Buying Fees Should I Pay?
A cheap used car can be quite dependable and well-equipped. Plus, it can even cost less than buying a new vehicle depending on which you choose. However, there are still a few fees you’ll need to pay before you can drive home.
When you’re budgeting for your used car, it’s important to make sure you’re considering any extra fees required for your purchase, so you can find the best vehicle for you. To help get a better idea of what you’ll need to pay when you’re ready to buy, here’s a closer look at the used car buying fees you should pay.
Title & Registration Fees
When you buy a used car, you’ll need to transfer the title and register the vehicle in your name. Overall, working with a dealership can make the process simple, but you’ll still need to pay some fees to have everything done.
The title and registration fees you’ll need to pay for your used car will depend on where you live. For example, Texas drivers will need to pay around $20 to $30 for the title and $30 to $50 for the registration as well as other state and county fees. As for Massachusetts drivers, they’ll need to pay $75 for a title fee and $60 for a registration fee.
Used Car Sales Tax
Used car sales tax is something all drivers must pay when they purchase a pre-owned vehicle. Most states have a sales tax applied to the items you purchase. Typically, the tax you end up paying will be based on the state you’re buying from. However, this isn’t the case with vehicle purchases.
The automobile sales tax will be dependent on the state where you live, not where you buy it. For instance, if you buy a used car in out of state in Pennsylvania and live in New Jersey, you’ll need to pay the 6.625% sales tax for New Jersey instead of the 6% sales tax for Pennsylvania.
Depending on the state, you may need to pay a documentation fee before driving home in your used car. Paying the documentation fee means the dealership will be able to provide you with all the paperwork you need for your purchase. It will also cover most of the dealership preparation of the contract and any other paperwork that may be involved.
While it is a common used car buying fee, only some states regulate documentation fees. With that said, it’s best to ask the dealership you’re buying from if you want to learn more about this charge.
Drive Home in a Dependable Used Car
If you’re in the market for a pre-owned vehicle, you’ll probably have to pay a few used car buying fees. Fortunately, working with a dealership like Val-U-Line® can make understanding and paying all necessary taxes and fees easier and more convenient!
For more information about these and other used car buying fees, get in touch with our team of experts or visit any one of our nationwide pre-owned dealerships today!