If you're trying to stick to a budget while buying a used Volkswagen vehicle, you don't just need to take the price of the cars you're looking at into account. At Patrick Volkswagen, we also try to be upfront about the taxes and fees that you'll have to concern yourself with when you're buying a pre-owned vehicle. These are some of the other costs you need to account for in your car buying budget.
Taxes
One cost you'll have to worry about is the tax on your used vehicle. Massachusetts is one of the many states that does charge tax on such a purchase, so expect to pay 6.25% in sales tax when you pick up a used car. So, if your vehicle costs $20,000, the tax will cost you $1,250.
It's not an insignificant sum, but at least you will likely pay less in taxes on a used car than you would on a new one due to the higher prices of brand-new vehicles.
Fees
There are many fees associated with car purchases, whether you buy new or used. You'll have to pay a title and registration fee, which puts this car in your name and registers the vehicle with the state. You may also need to pay a documentation fee charged by the dealer who puts your paperwork together.
You also may have to pay for extended warranty coverage or a VIN etching. If the used car is being brought in from another dealership, that can also result in a destination fee.
Insurance Costs
You also have to remember that you'll have insurance costs to worry about. Fortunately, used cars often require fewer types of coverage and end up being less expensive to insure than a new vehicle would be, but it's still wise to get some quotes so that you know what to expect.
If you have any more questions about our used cars and the associated costs, we can help. Visit our Volkswagen dealership near Auburn, MA and talk to our knowledgeable used car dealers. We'll make sure that you have the info needed to make a wise purchasing decision!