| lakedrug37's Forum Info |
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| Additional Info About lakedrug37 |
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In most of the states that collect sales tax on auto purchases (not all do), the sales tax collected is based on the difference between the new car and trade-in price. Some states do not offer any sales tax reduction with trade-ins, including California, District of Columbia, Hawaii, Kentucky, Maryland, Michigan, Montana, and Virginia. Some states provide official vehicle registration fee calculators, while others provide lists of their tax, tag, and title fees. Auto sales tax and the cost of a new car tag are major factors in any tax, title, and license calculator. For more information about or to do calculations involving auto leases, please visit the Auto Lease Calculator. This Auto Loan Calculator automatically adjusts the method used to calculate sales tax involving Trade-in Value based on the state provided. It is important to examine the details carefully before signing an auto loan contract. Paying off an auto loan earlier than usual not only shortens the length of the loan but can also result in interest savings. For example, if a very low interest rate auto loan is offered on a car purchase and there exist other opportunities to make greater investments with the funds, it might be more worthwhile to invest the money instead to receive a higher return.
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