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Unread 05-19-2012, 11:31 AM   #1
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Default Buying a new car in Illinois before moving to California

Does it make sense if I bought a new (around $20,000 invoice) car in Illinois just a month before I am planning to move to Northern California? I would pay lower taxes in IL and am also getting a good deal. But what about the cost of title transfer and plates? Would they more than offset each other?

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Unread 05-19-2012, 11:48 AM   #2
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How To Register A Vehicle from Out-of-State (Nonresident Vehicle)

You are going to have to pay additional CA sales tax if you transfer the car within one year of purchasing. So say you were moving to Los Angeles, that would be a $1750 charge for your $20,000 car. They take some of that money off because you technically already paid it but I can't tell you how much exactly. I would peg registration at around $160 total also.

Welcome to the $16 billion dollar budget shortfall state!
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Unread 05-19-2012, 12:08 PM   #3
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Thanks Bullattack. This is absolutely unreal. I actually need a new car, but looks like the "$16 billion dollar budget shortfall state!" leaves me no option but to buy it from California. Highest income tax, highest sales tax and highest budget short fall. I guess we have to pay through our nose to leave in this warm, sunny and beautiful part of the country.

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Unread 05-19-2012, 12:19 PM   #4
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Enjoy your time in the republik of california...
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Unread 05-23-2012, 02:37 PM   #5
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Quote:
Originally Posted by Ubuntu View Post
Thanks Bullattack. This is absolutely unreal. I actually need a new car, but looks like the "$16 billion dollar budget shortfall state!" leaves me no option but to buy it from California. Highest income tax, highest sales tax and highest budget short fall. I guess we have to pay through our nose to leave in this warm, sunny and beautiful part of the country.
You forgot smelly, snobbish, and fart-sniffing.
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