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Tax and other fees on used vehicle

Posted on 1/21/14 at 5:38 pm
Posted by LSUDUKE
Lafayette
Member since Oct 2007
1045 posts
Posted on 1/21/14 at 5:38 pm
I'm looking at buying a used truck for 25k and I have a savings account specifically for this with about 15k in it. I'm going to have to finance the rest but I'm not sure how much I should hold back for tax and other fees, can anyone help?
Posted by agdoctor
Louisiana
Member since Dec 2004
3142 posts
Posted on 1/21/14 at 6:05 pm to
$200 is plenty for tax title and license. Taxes are whatever rate you pay where you live. If you live in a town of any size it will be close to 10%
Posted by nogoodjr
Member since Feb 2006
797 posts
Posted on 1/21/14 at 6:40 pm to
Are you purchasing from individual or dealer?
Posted by LSUDUKE
Lafayette
Member since Oct 2007
1045 posts
Posted on 1/21/14 at 6:44 pm to
I'd be purchasing from an individual, I've always bought from dealerships before but I'm guessing I'd just pay taxes to the DMV?
Posted by agdoctor
Louisiana
Member since Dec 2004
3142 posts
Posted on 1/21/14 at 8:27 pm to
when you go to DMV to get license all the fees and taxes will be collected there
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