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Message
re: Car Buying with Cash
Posted on 7/9/23 at 1:09 pm to questionable
Posted on 7/9/23 at 1:09 pm to questionable
quote:
benefits to looking out of state?
I'm currently looking for a new truck. From the research I've done so far I can save anywhere from $2k to $6k for the same exact vehicle in Texas compared to in South Louisiana.
Those savings are worth a one way plane ticket and a tank of gas in my opinion.
1
Posted on 7/9/23 at 5:24 pm to Auburntiger
quote:
From the research I've done so far I can save anywhere from $2k to $6k for the same exact vehicle in Texas compared to in South Louisiana
You still have to pay a 4.45% sales tax whenever you register the car in Louisiana. Example:
$50,000 x 4.45% = $2,225
I think you might be able to claim that on your taxes, but I can't see that being that much of a benefit. I've considered doing the same by going to South Florida for a car and turning the trip into a vacation but the price on vehicles right now is still outrageously inflated.
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