Q:

How do you calculate TTL for a car in Texas?

A:

Quick Answer

Several online sales tax and fees calculators are available that help you estimate how much you pay when purchasing a new car. State-specific sales tax calculators allow you to determine the estimated TTL for a car in Texas.

Continue Reading
How do you calculate TTL for a car in Texas?
Credit: Veronica Garbutt Lonely Planet Images Getty Images

Full Answer

Purchasing a new vehicle can be expensive, especially when you consider the added cost of sales tax, title and license fees. By using a sales tax and fees calculator, you can better determine your financial commitment and create a more accurate budget when buying a new car.

Auto sales tax varies from state to state, which means a state-specific fee calculator results in more accurate estimates. Texas offers a free online calculator for determining sales and/or registration taxes. As of May 2014, this Standard Presumptive Calculator can be found on the Texas Department of Motor Vehicles website. This calculator estimates fees based on the vehicle identification number (VIN) and the vehicle’s odometer reading.

Other online resources also offer free tax, title, tag and fees calculators that allow users to calculate fees by state. For example, CarMax.com has a calculator that determines estimates based on state and vehicle price range.

Several other factors also determine tax and tags, including vehicle weight, the county the vehicle is registered in, the type of license plates requested and whether or not you have a trade-in.

Learn more about Credit & Lending

Related Questions

Explore