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What are the financial benefits of buying a used car from a private owner vs a dealer?
30th October 2009
I’m thinking of buying a used car for about k to k. If I buy – let’s say a k car from a dealer in Mississippi, the sales tax will be 00 (5%). But if I buy a k car from a private owner, there is no sales tax of course.
My question is: Will I have to pay any additional taxes when I buy my tag if I go the private owner route?
Posted in: Auction FAQ | | Comments (2)
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MississippiSam, Maybe you need a new car.
I found a nice list of Mississippi car dealers. I think someone in your town can help assist you. http://www.localnewcar.com/Mississippi-New-Cars.html Just call one of them or drop by one day when you are not busy. Some car dealers can even arrange a test drive.
Comment by Cassie O — October 30, 2009 @ 1:51 am
Even if you buy in a state with no sales tax, you will have to pay sales tax in the state you live in — assuming you don’t live in Mississippi and your state has a sales tax on used cars. You pay at the time your register your car in your state.
Comment by nanoman — October 30, 2009 @ 1:51 am