The amount of sales tax you'll pay on a private party car sale depends on the state where you live. Some states have a flat sales tax rate, while others have a graduated sales tax rate that increases with the purchase price of the car.
To find out the sales tax rate in your state, you can visit the website of your state's Department of Motor Vehicles (DMV).
Fees
In addition to sales tax, you'll also have to pay a few fees when you buy a car from a private party. These fees vary from state to state, but typically include:
* Title transfer fee: This fee is charged by the DMV to transfer the car's title from the seller to you.
* Registration fee: This fee is charged by the DMV to register the car in your name.
* Inspection fee: This fee is charged by the DMV to inspect the car and ensure that it meets safety and emissions standards.
* Documentation fee: This fee is charged by the dealer or title company for preparing the paperwork necessary to transfer the car's title.
The total amount of taxes and fees you'll pay when you buy a car from a private party can vary significantly from state to state. However, you can expect to pay around $500-$1,000 in taxes and fees.
