The purchase price of a used car is important to consider, but it's not the only cost you'll have to deal with when you're buying a pre-owned vehicle. Here's what you need to know before you purchase that used sedan, pickup, or SUV from Heritage Chrysler Dodge Jeep® RAM Parkville.
Sales Tax
You're used to paying sales tax just about every time you purchase something. So, it's probably not a surprise that you have to pay tax on your used car as well.
In Maryland, this means paying six percent. This can add up to a lot of money, so make sure that you're considering it in your budget calculations.
Documentation Fee
This is a small fee charged by the dealership when they get the paperwork together to sell you the used car and make you the new owner. It's nothing that will break the bank, but you should know about it.
Title and Registration Fee
You also have to have the car titled and registered in your name before you can drive it around. The title fee and registration together can cost more than $200. So, it's definitely wise to be aware of this ahead of time.
Insurance
Finally, you need to insure your vehicle before you can use it. Your cost of coverage can vary based on your driving history, how much coverage you get, and other factors. There are state requirements for minimum insurance carried, but you can opt for different types of coverage that are not legally required or higher coverage limits.
Now that you know a bit more about how to budget for a used car, visit our Dodge dealership near Baltimore. We'll help you find a vehicle that offers the features and capabilities that you need at the right price.
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