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A FACT,or Myth about buying a Truck.

Discussion in 'Ask An Owner Operator' started by Miami Trucker, Apr 25, 2018.

  1. Apr 25, 2018 #1
    Miami Trucker

    Miami Trucker Light Load Member

    142
    28
    Jul 4, 2008
    Miami,Fl.
    0
    O.K. Folks.....Just Wanted to know,because I keep getting Different Answers !

    Is it TRUE ? That when you Go Buy a Truck ( either Out right,or Finance it ) that you DO NOT have to Pay ANY TAXES on it !
    As Long as you are Employed by a Company,or have a Letter of Intent to Hire.

    And when I say TAXES : I mean what ever SALES TAXES in the State that your Buying in,like you would Pay If like say you were Buying a Car.

    So all your doing when Buying a Truck is : Just Negotiate a Price....Pay the 2290 Fee....and Pay for the Tag yourself IF you want.

    Oh,and By The Way.....as you can SEE I'm in Florida.
    So let me know IF Florida is a State that you DON'T have to Pay State Taxes when buying a Truck.

    IF I have left anything out ? : Please let me,and others Know.

    Just The FACTS Please.....and Keep on Truckin'........
     
    Last edited: Apr 25, 2018
    Miami Trucker, Apr 25, 2018
    Miami Trucker, Apr 25, 2018
    #1
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  3. Apr 25, 2018 #2
    DUNE-T

    DUNE-T Road Train Member

    6,925
    16,764
    May 10, 2015
    Detroit, MI
    0
    Yes, but not in all states I believe. In Michigan it's called "rolling stock", salex tax exempt
     
    DUNE-T, Apr 25, 2018
    DUNE-T, Apr 25, 2018
    #2
  4. Apr 25, 2018 #3
    mslashbar

    mslashbar Medium Load Member

    600
    804
    Jul 22, 2009
    elizabeth,co
    0
    It all depends on the state in which you're going to title and license it in. Not all states are tax exempt.
     
    mslashbar, Apr 25, 2018
    mslashbar, Apr 25, 2018
    #3
  5. Apr 25, 2018 #4
    Doing_flatbed_nc

    Doing_flatbed_nc Medium Load Member

    585
    846
    Mar 3, 2016
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    You will pay tax- a lot of tax. But, no at least in NC, you do not pay sales tax to the dealership.

    It's been almost 12 months since I bought my truck and I'm running hard in anticipation of IRP, 2290, highway use, etc..... and there's always the fuel tax.
     
    Doing_flatbed_nc, Apr 25, 2018
    Doing_flatbed_nc, Apr 25, 2018
    #4
    Oldironfan Thanks this.
  7. Apr 25, 2018 #5
    Opus

    Opus Road Train Member

    19,051
    117,975
    Dec 18, 2011
    South GA
    0
    yes.....be careful of buying out of state. GA will hurt you bad
     
    Opus, Apr 25, 2018
    Opus, Apr 25, 2018
    #5
    kenn2632 Thanks this.
  8. Apr 25, 2018 #6
    KB3MMX

    KB3MMX Road Train Member

    3,069
    2,589
    Dec 29, 2014
    Orrstown, PA
    0
    No tax on PA with a MC# but they will be hitting you hard with every other tax especially once you have depreciated the truck... You sure don't want to have it depreciated and still be owing the bank! Then.. all payments are taxable income!
     
    KB3MMX, Apr 25, 2018
    KB3MMX, Apr 25, 2018
    #6
  9. Apr 25, 2018 #7
    bigtravelr

    bigtravelr Light Load Member

    104
    128
    Jul 8, 2017
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    You'll have to pay sales tax when you get your Florida title. 6% state plus whatever the county tax is. Around 7% total.
     
    bigtravelr, Apr 25, 2018
    bigtravelr, Apr 25, 2018
    #7
  10. Apr 25, 2018 #8
    Expeditor

    Expeditor Medium Load Member

    451
    530
    Mar 5, 2018
    0
    In TN if you buy, say a box truck, you can register with the county and you will pay taxes. Now that same truck registered in TN with apportion tags, IRP, pays no taxes when registering.
     
    Expeditor, Apr 25, 2018
    Expeditor, Apr 25, 2018
    #8
  11. Apr 26, 2018 #9
    Ridgeline

    Ridgeline Road Train Member

    22,306
    115,366
    Dec 18, 2011
    Michigan
    0
    Wow. ... just wow.

    Florida has a partial rolling stock exemption which means you pay a pro-rated reduced tax on the truck.

    You also need to claim it for interstate use and have a contract with a company (the contract is what I was told a while back but I also heard you don't need one).
     
    Ridgeline, Apr 26, 2018
    Ridgeline, Apr 26, 2018
    #9
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