Tax Deductions Extended to States Without Sales Tax
That's great for car buyers living in states with high tax rates, but what about buyers in states like Alaska, Delaware, Hawaii, Montana or Oregon which don't have state tax?
Now there's good news. Buyers from states with no sales tax will still benefit. Taxpayers in these states can now deduct other fees and taxes imposed by the state or city based on the car's sales price.
To qualify, the car has to be purchased between February 16, 2009 and January 1, 2010, and is good for fees or taxes paid on up to $49,500 of the purchase price of the car.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid