How do I calculate TT&L on a car?

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06-24-2008, 02:23 PM

Dragaholic

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How do I calculate TT&L on a car?

I'm trying to estimate how much tax, title, and license would be on a car.

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06-24-2008, 02:30 PM

poolfanatic

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6.25% of the outright selling price on a new car for TT&L.

If you trade a car, it's 6.25% of the difference between your trade and the selling price of the new car.

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06-24-2008, 02:35 PM

Dragaholic

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So if I purchased a car outright, no trade in, for $40k, I add 6.25% and that gives me the TT&L? $42,500

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06-24-2008, 02:38 PM

2 SLOW

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Quote:

Originally Posted by Dragaholic

So if I purchased a car outright, no trade in, for $40k, I add 6.25% and that gives me the TT&L? $42,500

a little more maybe, but close enough

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06-24-2008, 02:41 PM

-Ross-

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Quote:

Originally Posted by Dragaholic

So if I purchased a car outright, no trade in, for $40k, I add 6.25% and that gives me the TT&L? $42,500

I think that gives you the tax. Title and license is a little bit more...I want to say around $100 tops.

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06-24-2008, 03:04 PM

A-Dub

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Thats correct if you buy from a dealer. If you buy private party, its based on Standard Presumptive Value of the car unless you sales price was 80% of that value or higher.