In general, however, buying out of state might not save you much. A car in a state that has lower prices might help you save money upfront, but you could end up spending just as much or more as you would at home because of expenses like sales taxes, out-of-state registration filing fees or getting the vehicle to pass local inspections and emissions tests.
If you are buying the car from a private party, keep your plates and go to any DMV branch location with proof of insurance, your bill of sale, the title (which must be signed over to you by the previous owner), and the car's previous registration. You will need to fill out forms to register and title the car and transfer your plates to your recently purchased vehicle.
If you are buying the car from a dealership, they may offer a service to register and title the vehicle for you. The dealer must provide you with the MSO (Manufactuturers' Statement of Origin), bill of sale and RI Dealer Tax Form. If the vehicle was purchased from an out-of-state dealer, a RI Sales Tax form must be used.
If you are buying a car from out of state, bring the title (signed over to you by the previous owner), proof of insurance, and a bill of sale to any DMV location. You will have to buy a temporary plate ($10.00) as well.
If you decide to pick up a last-minute ticket, it's not unusual that you might have a choice of locales in which to make that purchase. More than a quarter of U.S. workers commute outside the county where they live, according to Census Bureau data, and in five states plus Washington, D.C., 1 in 10 workers live in a different state. Or maybe you're on vacation.
What you want to avoid is buying a ticket in a locale where the tax rate on lottery prizes is higher than that of where you live, said Melissa Labant, director of tax advocacy at the American Institute of Certified Public Accountants. At tax time, you'll get a credit in your home state for taxes paid to other states, but your total state tax bill will reflect the higher rate.
For example, let's say you live in New Jersey but work in New York City. New Jersey withholds 8 percent, while New York City withholds 12.7 percent (including an 8.82 percent state tax and an additional 3.876 percent in city/local tax), according to lottery site USAMega.com. Buying a ticket at the convenience store outside your office instead of the one near your house could cost you as much as an extra $20.8 million in taxes on the jackpot's $443.3 million lump sum.
The key to car flipping success is finding and buying undervalued cars at a low cost and selling them high. That means searching Craigslist, Facebook Marketplace, eBay Motors, newspaper classified ads, and auctions to find a good deal. Keep your purchasing budget low and also budget for any repairs the car needs.
To resell a used car at a profit, you need to know what the car is worth, what your particular market is like, and what buyers are paying. Online evaluation sites can give you an idea of the average prices of any used vehicles you're considering buying. If there's too small of a difference between what you can buy the used car for and what you think you can sell it for, there might not be enough profit to make it worthwhile.
Walk-in or call the Social Security Administration office closest to where you live to schedule an appointment to apply for your SSN. You must visit the SSA office closest to the address where you are living. You will need to search for the SSA office by Zip code. Enter the zip code where you live. If you are unsure of your zip code in the town where you live, use the US Post Office Zip Code locator tool and search for your zip code with your address.
Students applying at the Hartford and East Hartford Offices need to apply in person. Fill out the Application for SSN.pdf (contact ISSS Advisor for help or questions) and visit the office during normal business hours to apply. Find the Social Security Administration office closest to where you live by searching your Zip code. Enter the zip code where you live. If you are unsure of your zip code in the town where you live, use the US Post Office Zip Code locator tool and search for your zip code with your address.
In Connecticut, if your new or leased car has a problem that makes it unsafe, hard to use, or decreases its value, the car company will supply a replacement or refund the full contract price within 2 years of delivery or 24,000 miles, whichever comes first. The law applies to new and leased passenger and combination vehicles and motorcycles.
The lemon law in Delaware applies to new and leased vehicles, but not motor homes. It lasts for one year or the first year after delivery to the consumer, whichever comes first. If the car needs to be replaced, the Delaware consumer has two options. Options include replacement with a comparable and acceptable new automobile or repurchase and refund of the full purchase price, including credits and allowances for any trade-in vehicle.
The lemon law in the District of Columbia applies to new and leased vehicles, but not used cars. It covers vehicle problems that arise within 18,000 miles or 2 years, whichever comes first after the date of delivery or purchase that substantially impairs its use, value, or safety.
The lemon law in Montana applies to new and leased vehicles. This covers your car if it has a problem that makes it hard to use, negatively affects its value, or poses a safety concern within 2 years or 18,000 miles of delivery.
The lemon law in Nebraska applies to new and leased vehicles. A vehicle can be declared a lemon if it needs a repair four or more times within a year of delivery, or if the car gets deemed unusable for a cumulative total of at least 40 days.
The lemon law in New Mexico applies to new vehicles or vehicles transferred to a used buyer while still under warranty. It appears to not cover leased vehicles. It covers your car if a persistent issue impairs the use or substantially lowers the market value within one year after delivery or during the manufacturer warranty term, whichever comes first.
The New York lemon law applies to new and leased vehicles or those transferred within 18,000 miles or 2 years of delivery. For used cars, a written warranty is required at the time of purchase. Consumers are entitled to reimbursement for the cost of repairing a covered failure.
The lemon law in North Dakota applies to new and leased vehicles. If your car has a problem that makes it hard to use, decreases its value, or makes it unsafe within 12,000 miles or one year of delivery and the dealer is unable to repair the defect after a reasonable number of attempts, you may petition for a refund or replacement.
The lemon law in Oklahoma applies to new and leased vehicles within 12,000 miles or one year of delivery. Before the lemon law applies, the consumer must pursue a resolution directly with the manufacturer.
The lemon law in Washington applies to new and leased vehicles. If your car experiences a serious defect or a problem that makes it unreliable or unsafe within 2 years or 24,000 miles of delivery, you may send a written request asking for a replacement vehicle.
The lemon law in Wisconsin applies to new and leased vehicles. If your car experiences issues that make it hard to use, decrease its value, or make it unsafe within the term of the warranty or one year of delivery, you may request a replacement vehicle. Also, you can get applicable collateral costs, or ask for a full refund.
In most cases, you will pay the sales tax based on where you live, not where you buy the car. However, you'll need temporary registration from the state of purchase to drive it home, so you'll have to deal with two Department of Motor Vehicles offices or similar state vehicle agencies.
Some people might think the same logic applies to bigger purchases, such as new vehicles. But some laws prevent buyers from dodging local taxes when purchasing expensive things. And buying a car in a different state can bring other fees.
Car buyers can get easily excited when finding exactly what they want. But don't get ahead of yourself too quickly. The car buying process shouldn't be rushed, especially if you've found an ideal car in a different state.
It's worth considering buying a car in another state if it means not settling for a car you're not happy with or getting a better deal a little further from home. Regardless of the reasons, careful planning is a must to avoid additional costs and the tax payment arrangement before bringing the car home.
Each state's vehicle registration agency's website usually lists the state's tax relationships with other states, which is worth checking before buying a car. Even if in a non-reciprocal state, it's to avoid paying their sales tax if you give the car dealer proof that you're going to register your car in a state where you claim residency.
Vehicle Insurance:
Unless you plan to hire a third-party transport service to deliver a car, you'll need auto insurance ready that covers the recently purchased vehicle. Insurance coverage is also necessary for registration and titling upon return to your home state. Get the appropriate coverage when financing or leasing a car, too.
Because US state tax laws vary so much, shoppers must consider any special circumstances when buying a car in another state. For example, most states provide tax credits for the trade-in of another vehicle. However, seven states do not offer tax credits in this circumstance: California, Michigan, Virginia, Hawaii, Kentucky, Maryland, and Montana.
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