Unfortunately, enforcement is noticeably selective. The state requires that you fill out an affidavit that states you haven’t modified the vehicle from its original form. “I had a super easy time getting a title for a Honda S90 I bought with a bill of sale several years back,” Evan McCausland tells us, “but I think they’ve now changed the process to include a surety bond.” The requirements for a Historic vehicle plate are kind of remarkable. That’s a major convenience versus other states that won’t give you the time of day without a title. Horseless Carriage plates are for 1915 or earlier.
Somer also notes, “Vehicles over 25 years old can be titled on a Bill of Sale.”. The content on this blog is “as is” and carries no warranties. Note: Unless a specific exemption applies, these sales remain subject to the regular sales tax. The weather is generally conducive to old car ownership; the roads are fantastic outside of Las Vegas and you can register a car with a bond if the title is missing.
On the negative side there’s Rick Lyda’s experience. The state places a 7-percent sales tax on every vehicle, and you pay the higher of either the purchase price or the CPI Black Book price.
There’s no inspection—emission nor safety—and you can drive year ’round, so congrats on a high score, Mississippi. The weather cooperates most of the year, too, but you’ll definitely see snow a few months of the year. Delaware gets good marks for sales tax, but it does charge a “Documentation Fee,” which is 4.5 percent of the vehicle sale price, or the NADA value, whichever is higher. Sales tax is moderate at just 5 percent, and outside of Charlotte, the roads are in comparably decent shape and uncrowded. That 7-percent sales tax is applied at registration and is calculated by the state, not your bill of sale, which isn’t great, depending on which wildly inaccurate source the state bases its value on. There’s no excise tax, but the state sales tax is 6 percent. When operating a business, the last thing you want to worry about is being audited by the IRS or a state agency.
Antique registration means that you pay $25 once for an inspection and never have to pay for it again. Plus, the registration fee is a more-than-reasonable $10. Outside of having a requirement that you must have a daily driver to get antique plates, Maine is pretty light on antique plate restrictions, but it does require a safety inspection of all vehicles. This additional tax is referred to as the motor vehicle sales/lease tax.
But the weather, New Hampshire’s refusal to register vehicles to out-of-state residents, and its annual safety inspection are its only real faults. Consider the potential risks and benefits before adding an adult child or caregiver as an owner of your home, bank account, credit card, or any other asset. Amounts charged for repairs of motor vehicles.
“Inspections can be done by any licensed shop, so most are kind to older vehicles. On the plus side of the ledger, the Historic plate program seems to carry no other restrictions other than that the car must be at least 25 years old. Andrew Baca has a bunch of vintage scooters and a Corvair Greenbrier van registered in Maine. Not a problem—Model Ts are not high-theft vehicles.”. New Mexico ranks #14 in America in terms of short commutes, but unfortunately ranks #41 for road quality. There’s no emissions testing requirement, but vehicles built after 1980 must have their original emissions equipment present during the annual safety inspection in Ascension, East Baton Rouge, Iberville, Livingston, and West Baton Rouge counties. Over a period of years, that’s a pretty hefty tax liability, especially if your car is worth some money.
Local Sales & Use Tax Rates and Changes for Car Dealers and Leasing Companies Flyer. How pleasant are the roads? The motor vehicle sales/lease tax of three-tenths of one percent (0.3%) on motor vehicles also applies when use tax is due on a vehicle. It doesn’t require a title to register a vintage car, doesn’t have an emissions requirement for older vehicles, and offers two-year registrations at a slightly reduced rate. "Motor vehicle" means every vehicle that is self-propelled as described in RCW 46.04.320, but does not include farm tractors, farm vehicles, off-road vehicles, non-highway vehicles, and snowmobiles. First and foremost, it doesn’t impose a sales tax for cars at all. How did the Land of 10,000 Lakes fall only 60 points short a perfect 900 score?
Then we assigned a number grade for every criterion and added them up for an overall score. The state has an emissions program in two counties (Lake and Porter) and every other year it inspects cars built in 1975 and after. Each island—essentially individual counties—runs its own licensing division. Sales that are exempt from the retail sales tax are also exempt from the motor vehicle sales/lease tax. Your car will be in storage for so long you’ll probably forget it looks like.