what is the sales tax on cars in connecticut Sales tax in ct for cars
Driving a car in the United States can be an expensive affair, what with the cost of insurance, gas, and maintenance adding up quickly. One cost that many people forget to factor in is the sales tax that is applied to car purchases. Depending on which state you live in, the sales tax rate can vary from as low as 0% to as high as 10%. But did you know that some states do not charge sales tax on cars sold privately? That's right! Illinois, for example, does not charge sales tax on cars sold between private parties. This means that if you are buying or selling a car in Illinois, you could potentially save a lot of money by avoiding the sales tax. If you are selling a car privately in Illinois, you do not need to worry about paying any sales tax. The buyer is responsible for paying any sales tax that is due when they go to register the car with the Illinois Secretary of State. However, it is important to note that if you are selling a car to a dealer, they will likely require you to pay the sales tax upfront. If you are buying a car from a private party in Illinois, you will need to pay the sales tax yourself when you go to register the car. The sales tax rate in Illinois is currently 6.25%, so be sure to factor this into your budget when buying a car. Connecticut, on the other hand, does charge sales tax on cars sold between private parties. The sales tax rate in Connecticut varies depending on the value of the car. For cars valued at less than $50,000, the sales tax rate is 6.35%. For cars valued at $50,000 or more, the sales tax rate is 7.75%. Whether you are buying or selling a car, it is important to know the sales tax laws in your state. This can help you avoid any surprises and ensure that you are following the law. If you are looking to buy a car in a state that does charge sales tax on cars sold between private parties, there are a few things you can do to save money. One option is to buy a car from a state that does not charge sales tax on private party sales, like Illinois. Another option is to look for cars that are exempt from sales tax, like electric cars or cars that are more than a certain number of years old. In conclusion, the sales tax on car purchases can be a significant expense, but it is important to know the laws in your state so that you can budget accordingly. If you are buying or selling a car in Illinois, you may be able to save money by avoiding the sales tax. If you are buying a car in a state that does charge sales tax on private party sales, be sure to explore your options for saving money. 
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