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If you are in the market to purchase a car, you want the total owing. A little sales tax help can have you calculating the total in just minutes. Isn’t that what you want?
What's the Sale Tax Rate?
If you don’t know what the sales tax is for your state now is the time to find out before you start shopping for an automobile. Some cities add a point or two on the actual state sales tax, which can make the sales tax higher than the rest of your state. You can easily get sales tax help and the percentage for your state online, so don’t struggle with anything to do with your sales tax and the cost.
What's the Total Cost?
Next you need to total up all your costs. For example, an automobile may have additional costs on top of the sticker price such as warranty, replacement of tires, etc. Interest is not taxable if it is stated separately.
Let’s say that you are buying a used vehicle for $10,000 and there is an extra 1000 for PDI and warranty. The total is $11,000.
What's the Tax Amount?
Seldom do you have to do the math by hand. Grab a calculator or even most cell phones have a calculator built in. Handy when you are on the go. Next you will calculate the tax. Let’s look at an example, to give you a bit of sales tax help in doing the calculations.
Assuming the tax rate is 8.75% and your vehicle total is $11000, it would look like this.
$11000 x 8.75% which is $962.50 for a total of $11962.50.
If doing calculations isn’t your thing that’s okay, because the sales personal should be able to give you the total you would owe. Sales tax help is readily available; all you have to do is ask them. If you just want rough numbers to try to figure out your budget, you can always do a little rounding.
It’s About Book Value
If you purchase your vehicle from a private source don’t be tempted to write the purchase agreement for less than it’s worth, because the tax will be determined based on what other vehicles of that year and condition are selling for.
There you have it. All the sales tax help you’ll need to calculate what you’ll owe.
What's the Sale Tax Rate?
If you don’t know what the sales tax is for your state now is the time to find out before you start shopping for an automobile. Some cities add a point or two on the actual state sales tax, which can make the sales tax higher than the rest of your state. You can easily get sales tax help and the percentage for your state online, so don’t struggle with anything to do with your sales tax and the cost.
What's the Total Cost?
Next you need to total up all your costs. For example, an automobile may have additional costs on top of the sticker price such as warranty, replacement of tires, etc. Interest is not taxable if it is stated separately.
Let’s say that you are buying a used vehicle for $10,000 and there is an extra 1000 for PDI and warranty. The total is $11,000.
What's the Tax Amount?
Seldom do you have to do the math by hand. Grab a calculator or even most cell phones have a calculator built in. Handy when you are on the go. Next you will calculate the tax. Let’s look at an example, to give you a bit of sales tax help in doing the calculations.
Assuming the tax rate is 8.75% and your vehicle total is $11000, it would look like this.
$11000 x 8.75% which is $962.50 for a total of $11962.50.
If doing calculations isn’t your thing that’s okay, because the sales personal should be able to give you the total you would owe. Sales tax help is readily available; all you have to do is ask them. If you just want rough numbers to try to figure out your budget, you can always do a little rounding.
It’s About Book Value
If you purchase your vehicle from a private source don’t be tempted to write the purchase agreement for less than it’s worth, because the tax will be determined based on what other vehicles of that year and condition are selling for.
There you have it. All the sales tax help you’ll need to calculate what you’ll owe.
