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What Are the Hidden Fees When Buying a Car in Virginia?

Carcloud Auto Group

Sales Tax : Virginia imposes a 4.15% state sales tax on vehicles, along with local taxes that vary by county. For example, in Stafford County, the total sales tax is 4.15%. Title and Registration Fees : These mandatory fees cover the cost of transferring ownership and registering your vehicle with the Virginia DMV.

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TG Holdcroft sees profits fall 21% in “challenging year”

Motor Trader

“Multiple increases in interest rates through 2023 meant an additional 1.25% of financing costs on both our short and medium-term borrowings as well as our day-to-day inventory stocking facilities provided by our manufacturer partners.

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Media post: How Much are Used Cars Ownership Costs in Austin in 2024

Best Selling Cars Blog

State sales tax in Texas is 6.25% of the purchase price. Financing Costs In case you’re looking to finance your used car, you will want to factor in the interest payments. The interest rate charged on a used car loan might differ as per the credit score and the loan term. The title transfer fee is around $33.

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Companies seek cure for profit-wrecking EV values

Autocar

Stable used car values have become critical to new car sales in that they determine finance costs, so the continued weakness in EV prices is also hurting car companies as they look to increase the percentage of zero-emission cars they sell. The company was struggling with the higher costs of running EVs.

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Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024

Jato

Established OEMs are likely to focus on offering substantial incentives on base model BEVs rather than significantly slashing list prices across all model versions and trims to prevent long-term impacts on residual values. Every car sold above the 22% limit will attract a £15,000 fine, unless an OEM defers the sales to a future year.

Retail 111
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Is it smart to buyout a lease instead of straight financing?

Shawn Ryder

Understanding Lease Buyouts A lease buyout occurs when a lessee chooses to purchase the vehicle they have been leasing at the end of the lease term. For many consumers, this option can seem appealing, especially if they have loved driving a particular model and want to keep it long-term. How much do I drive?

Finance 52
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Can I buy a car if I’m a few hundred dollars short?

Shawn Ryder

Many dealers are willing to work with customers to close the sale: Discount Offers: Inquire about any discounts or promotions that might be available. Explore Financing Through a Credit Union or Bank Sometimes, financing through traditional banks or credit unions can offer better rates compared to dealership financing.