Autobytel shares the fees that you should expect to pay when buying a car: Once you complete the purchase of your vehicle, you'll receive a temporary tag that's good for 45 days, so you can legally drive while you wait for your new license plates to arrive in the mail. Consult the menu at left for an overview of the Utah vehicle registration process. You can find these fees further down on the page. Enter your IRA contributions for 2022. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Some states even limit this fee or have laws that guarantee all customers be charged the same, no negotiations. Used car values are constantly changing. Liquor and wine can only be purchased in state-run liquor stores. Why? Medicare taxes account for a smaller percentage at 1.45%, with employers again matching that amount. No cities in the Beehive State have local income taxes. Destination charges are ultimately determined by the value of the bike, almost like a tax, and are typically not negotiable. Your tax, title, and license fees (also called registration fees) go straight to the government and will vary depending on your city and state. . We read every comment! Setup (or prep) fees are necessary to get your bike out of the crate, put together, and ready for you to ride. Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. The Taxpayer Tax Credit is equal to 6% of the total of all federal deductions claimed (except for the deduction for state income taxes), plus the Utah personal exemption. Need affordable motorcycle insurance? But if you focus only on the monthly payments, you won't be able to easily see any add-ons or learn in advance how hefty that doc fee is going to be. Some taxes that Utah has include ones on consumer use, rental cars, sales, sellers use, lodgings, and many others. So, now that youre caught up on everything there is to know about these dealer fees, you can have peace of mind knowing exactly what you should expect to pay when you walk out the door. Dealerships apply extra fees, sometimes referred to as doc fees, with the sale of the car. Before making the move, youll also want to take a look at our Utah mortgage guide, where youll find plenty of information about rates and getting a mortgage in the Beehive State. What to Buy: Jeep Cherokee or Jeep Grand Cherokee? In Utah, the taxable price of your new vehicle will be considered to be $5,000, as the value of your trade-in is not subject to sales tax. This will give you the confidence to proceed with that deal or search for a better offer. Sales Tax = $1,600.80. Remember that the total amount you pay for a car (out the door price) not only includes sales tax, but also registration, and dealership fees. . Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. When in the market for a recreational vehicle (RV), be sure to factor in RV registration fees and other registration-related expenses once it's time to estimate the overall cost. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. And remember to ALWAYS ask for an OTD price if youre unsure! Though these fees vary based on the dealership, the average fee in Utah is $305, with no statewide limit on how much dealerships can charge. Oregon employs an easier fee system based on the RV's length. Doc fees cover the dealers cost for processing the paperwork for the purchase, title, and registration of the bike. The overall price will be lower, which means you will pay less in sales tax than with a new vehicle. We urge you to notify us of any errors in the Calculator or our data. Dealer fees and taxes. Still, purchasing a used car is a wise choice for many. Simplify Utah sales tax compliance! If you have to pay taxes on capital gains, you may be eligible for a capital gains tax credit. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. Before you seal the deal on your new car, make sure you ask about all the fees and costs. You don't have to pay tax on dealer and manufacturer rebates in Utah. Utah law does not limit the amount that a dealership can charge because they are set by the dealership and not the government. That way, you know what youre really going to be paying. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). The amount of the credit is determined by the Utah Housing Corporation. The credit can be up to $450, or $900 for joint filers. If you're buying a used vehicle, you must pay a title fee to transfer it in your name. You dont have to pay sales tax on trade-ins in Utah. But in Utah, youll need to be prepared to spend additional money on these extra costs. Choose the filing status you use when you file your tax return. Homeowners in Utah also pay exceptionally low property taxes, with an average effective rate of just 0.52%. Taxes can really put a dent in your paycheck. Collado has a Bachelors degree from the University of South Florida, with a major in Psychology and a minor in Marketing. Some possible sales tax rates in Utah are: As listed by the Sales Tax Handbook, the state imposes a 6.85 percent sales tax rate on customers for purchasing a vehicle. Both regular and diesel gasoline in Utah are taxed at a rate of 31.90 cents per gallon. Utah has a statewide flat income tax rate of 4.85%. })(); Yes, in Utah you must pay the car sales tax on a used vehicle. All credits are subtracted directly from total income tax liability. For example, let's say that you want to purchase a new car for $30,000, you would use the following formula to calculate the sales tax: $30,000 x .0696 = $2,088 Take a look - some of the best used SUVs have gone mostly overlooked or forgotten. Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. Hes written about dealership sales, vehicle reviews and comparisons, and service and maintenance for over 100 national automotive dealerships. The Calculator is not to be used as a substitute for due diligence in determining your tax liability to any government or entity. Utah taxes vehicle purchases after rebates or incentives are applied to the price, which means that the buyer in this scenario will only pay taxes on the vehicle as if it cost $9,000. The credit is nonrefundable and worth up to $300 for single filers without dependents, $600 for those married filing jointly without dependents, and $900 for all filers with dependents. Michael Collado is a car buying expert and has been a professional automotive writer since 2009. We value your feedback! There are other factors which determine the final cost of registering a vehicle including fees for license plates and VIN inspections. For a small service fee, Tax-Rates.org can provide high-quality sales tax data broken down by zip code, city and county for Utah and all of the 50 states. And of course, you always need to pay the government. It's possible to get an out-the-door price from a dealer that doesn't include interest, so if you're financing, make sure to request that the numbers be updated to include it. Arizona multiplies the estimated value of the motor home by a predetermined tax rate. If you lease a vehicle, you need to pay the state's sales tax on your down payment and your monthly payment, says Southtowne Auto Mall. Determining your take-home pay can be complicated. By using the Tax-Rates.org Utah Sales Tax Calculator ("the Calculator"), you expressly agree to the terms of use and disclaimer of liability expressed in this agreement and the Tax-Rates.org Terms of Service. You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. The average doc fee in the state of Utah is $305. Subscribe to our News and Updates to stay in the loop and on the road! If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. This is not an offer to buy or sell any security or interest. Yes. Reach out to your salesperson to make sure the out-the-door price reflects your approved interest rate and down payment to get the most accurate total. SmartAssets free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. One-Time Checkup with a Financial Advisor. Usage is subject to our Terms and Privacy Policy. Your feedback is very important to us. You are negotiating on a car at the dealership when the salesperson finally gives you the good price you've wanted. shows what you can expect to spend in doc fees depending on your state. These fees are separate from the taxes and DMV fees listed above. All Rights Reserved. If your state doesn't provide a car registration fee and tax calculator, below are some common factors that go into determining your registration fees: Vehicle type. What to Buy: Subaru Crosstrek or Subaru Forester? Over the last few years, there have been a number of changes made to the Form W-4 and withholding calculations. A primary way in which you can affect your Utah paycheck is by adjusting your withholdings. Utah doesnt offer traditional tax deductions. It is the bottom line for the car deal and should include all the necessary fees, such as sales tax, title, license and registration fees. This marginal tax rate . When Do We Update? SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Purchase Amount $ Purchase Location ZIP Code -or- Specify Sales Tax Rate You'll want to be well-informed, that way you can make the right decision when purchasing a new car in this state. Need an updated list of Utah sales tax rates for your business? For example, you might receive an offer for a $2,000 rebate on a car valued at $13,000. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. American Cars Fall Straight to the Bottom of Consumer Reports Most Reliable Rankings, The Top 10 Worst States for Identity Theft, Ford Issues Safety Recalls on Several Ford and Lincoln Models. You can find information and pricing on titles and registration fees by state. Motor Vehicle Taxes & Fees Property Taxes Note regarding online filing and paying: For security reasons, our e-services are not available in most countries outside the United States. For example, here is how much you would pay inclusive of sales tax on a $200.00 purchase in the cities with the highest and lowest sales taxes in Utah: You can use our Utah sales tax calculator to determine the applicable sales tax for any location in Utah by entering the zip code in which the purchase takes place. Enter how many dependents you will claim on your 2022 tax return. j.dataset.calconic=true; Keep in mind that how often you receive paychecks will impact your paychecks. Youll feel a lot better by studying up before you go to the dealership. but also has 128 local tax jurisdictions (including cities, towns, counties, and special districts) that collect an average local sales tax of 2.115% on top of the state tax. . Employers also withhold federal income tax from each of your paychecks. This also means that the fees will vary from dealership to dealership. This means that whether you file taxes as an individual, a head of the household or with your spouse, you face the same percentage of tax liability. Average Retirement Savings: How Do You Compare? Exemptions include: Utah does not offer a tax credit on EV vehicles. Initial Car Price: $30,000; Highway-Use Tax: 3%; Trade-In Amount: $8,000; Rebate/Incentive Amount: $2,000; Sales Tax = ($30,000 - $8,000) * .03 Sales Tax = $660. For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000. Destination charges are ultimately determined by the value of the motor home by a predetermined rate... Can affect your Utah paycheck is by adjusting your withholdings deal or search for a $ 2,000 rebate a. Charitable contributions, medical and dental expenses, and service and maintenance for over national... 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