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15 members (buzzard, BrandonClark, James, BamaGuitarDude, cullmanbamafan, odocoileus, RCHRR, BAR1225, 7short, TexasHuntress, WINMAG300, 4 invisible),
635
guests, and
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Key:
Admin,
Global Mod,
Mod
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Joined: Nov 2008
Posts: 4,616 Likes: 4
10 point
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10 point
Joined: Nov 2008
Posts: 4,616 Likes: 4 |
I’m in the market for a newer truck and have found a few for sale from individuals,my question is will I pay the sales tax when I get my tag for it if I do buy from a private party?Looking at trucks in the $30-$35k range and just want to know what to expect if I do buy from a private party and not a dealership.
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Joined: Dec 2014
Posts: 1,598
8 point
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8 point
Joined: Dec 2014
Posts: 1,598 |
Yes, tax will be paid when you go to the DMV.
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Joined: Nov 2007
Posts: 249
4 point
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4 point
Joined: Nov 2007
Posts: 249 |
I think its 2 or 2.5% of the purchase price. You can google and find out. It will be listed on the state website
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Joined: Jan 2005
Posts: 25,130 Likes: 143
Freak of Nature
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Freak of Nature
Joined: Jan 2005
Posts: 25,130 Likes: 143 |
I think its 2 or 2.5% of the purchase price. You can google and find out. It will be listed on the state website This will be close, Josh. State charges 2% plus whatever your county charges.
" I do view Jim Waltz as a really good Presidential candidate"
Bama_Earl
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Joined: Nov 2008
Posts: 4,616 Likes: 4
10 point
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10 point
Joined: Nov 2008
Posts: 4,616 Likes: 4 |
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Joined: Aug 2018
Posts: 6,041
12 point
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12 point
Joined: Aug 2018
Posts: 6,041 |
been a long time since I had an Alabama registration. but a piece of advice (cause I learned the hard way) if you have any chance of moving to GA don't buy a vehicle til you get here. they will charge you (essentially) the sales tax when you bring it in. sucks. I got hit twice in a year on that one.
plus they determine the value, not what you paid... communists.
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Joined: Apr 2017
Posts: 4,597
10 point
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10 point
Joined: Apr 2017
Posts: 4,597 |
itll be between 3-4% depending what the county and city take. the state takes 2%
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Joined: Dec 2015
Posts: 27,316 Likes: 252
Pumpkin - The Thermal Expert
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Pumpkin - The Thermal Expert
Joined: Dec 2015
Posts: 27,316 Likes: 252 |
Some folks avoid this by getting the bill of sale written out for much less than is actually paid. However, if you are financing the vehicle, the bank wants a bill of sale for the actual amount.
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Joined: Nov 2011
Posts: 22,603 Likes: 22
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 22,603 Likes: 22 |
Some folks avoid this by getting the bill of sale written out for much less than is actually paid. However, if you are financing the vehicle, the bank wants a bill of sale for the actual amount. They go by book value where I live. If it was that easy folks would just say “$1” and no one would pay taxes.
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Joined: Feb 2002
Posts: 46,042 Likes: 231
Freak of Nature
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Freak of Nature
Joined: Feb 2002
Posts: 46,042 Likes: 231 |
Some folks avoid this by getting the bill of sale written out for much less than is actually paid. However, if you are financing the vehicle, the bank wants a bill of sale for the actual amount. They go by book value where I live. If it was that easy folks would just say “$1” and no one would pay taxes. Yep, days of $10 vehicles are long gone. Same with land.
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Joined: Apr 2003
Posts: 4,002 Likes: 10
10 point
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10 point
Joined: Apr 2003
Posts: 4,002 Likes: 10 |
In TN the vehicle sales tax is damn near the same as regular sales tax here. I think it was 7 or 7.5%. I could go just south of the state line and buy anything I wanted in Wal-mart at 5.5% tax.
They have no income tax but they find ways to get around that minor problem.
"We aren't here to justify your feelings and give you self worth" - Aldeer Welcome Center
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Joined: Jan 2005
Posts: 25,130 Likes: 143
Freak of Nature
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Freak of Nature
Joined: Jan 2005
Posts: 25,130 Likes: 143 |
In TN the vehicle sales tax is damn near the same as regular sales tax here. I think it was 7 or 7.5%. I could go just south of the state line and buy anything I wanted in Wal-mart at 5.5% tax.
They have no income tax but they find ways to get around that minor problem. In Tennessee and Georgia it's 7% on new or used but my tag only runs about $30 a year as opposed to Alabama where a $20k vehicle the tag was about $200 annually. The government is going to get theirs either way.
" I do view Jim Waltz as a really good Presidential candidate"
Bama_Earl
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Joined: Apr 2017
Posts: 4,597
10 point
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10 point
Joined: Apr 2017
Posts: 4,597 |
Some folks avoid this by getting the bill of sale written out for much less than is actually paid. However, if you are financing the vehicle, the bank wants a bill of sale for the actual amount. They go by book value where I live. If it was that easy folks would just say “$1” and no one would pay taxes. this is correct but I think they only go by a percentage of the book value think its 20-30% unless the bill of sale says more. im not 100% on this i always pay the tax at the dealer.
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Joined: Jun 2017
Posts: 7,104 Likes: 17
The Flippin’ Idiot That Could Care Less
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The Flippin’ Idiot That Could Care Less
Joined: Jun 2017
Posts: 7,104 Likes: 17 |
Funny, my bill of sales are cheap so screw em. None of their business what me and a seller agree on.
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