Answers

I'm sure you know the sales tax percentage for NJ, so just add that amount onto the final price. Some states allow you to deduct the price of a trade in from the sales price on the new car so if you are trading in a car, you might be able to deduct that cost first.

(Sorry if this ends up being a double post... it didn't show up the first time I answered.)

1

0

Report it

As the other poster said, sales tax is paid on the final price. In NJ its 7%. However, as also mentioned, trade can be deducted, and this is true in NJ. So, for instance, if you trade a car worth $10k and buy a new car for $20k, you actually only pay tax on the $10k difference between the trade and new car.

1

0

Report it

If there are dealer fees, you need to attach those onto the selling price and then add tax.

Talk to your local dealer and see if there is any difference in tax for your particular county.

Good luck!

1

0

Report it

You can use the Edmunds.com Auto Loan Calculator to determine the sales tax. Select the vehicle you are interested in and then enter your local ZIP Code, and the calculator will display the estimated sales tax in your area.

Hope that helps!

-Mark

Source: http://www.edmunds.com/apps/calc/Calcula...

1

0

Report it