Do Used Cars Still Require Purchase Tax?
1 Answers
Purchase tax is only paid once for a vehicle, typically at the time of purchasing a new car. In other words, used cars do not require payment of purchase tax. However, if the purchase tax was not paid when the car was initially bought as new, the new owner will need to pay the outstanding purchase tax after the used car transaction. Considerations when buying a used car: 1. Costs involved in purchasing a used car: The main expenses for a used car transaction are the vehicle price, transfer fee, and license plate fee. 2. Things to check when buying a used car: (1) Walk around the car to check if all four tires are properly inflated. (2) Observe whether the tire brands are consistent. (3) Inspect the front wheels. (4) Check the wheel bearings of the used car. (5) After completing the used car transaction, ensure the buyer promptly provides all necessary documents.