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FET calculator?

Discussion in 'Ask An Owner Operator' started by brsims, Sep 29, 2018.

Page 1 of 2
  1. Sep 29, 2018 #1
    brsims

    brsims Road Train Member

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    How does one figure the FET on buying a used truck?

    For example, if I were to locate a truck for around $35,000, what would my approximate out the door cost be minus plate and insurance?
     
    brsims, Sep 29, 2018
    brsims, Sep 29, 2018
    #1
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  3. Sep 29, 2018 #2
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    FET is on new trucks not on used.
     
    kemosabi49, Sep 29, 2018
    kemosabi49, Sep 29, 2018
    #2
    brian991219, ramblingman, Bean Jr. and 4 others Thank this.
  4. Sep 29, 2018 #3
    Ubu

    Ubu Road Train Member

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    Rumored to be somewhere
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    FET is 12$ and is imposed on the first retail sale of certain heavy vehicles.

    I don't think there is a FET on used trucks.
     
    Ubu, Sep 29, 2018
    Ubu, Sep 29, 2018
    #3
    brsims Thanks this.
  5. Sep 29, 2018 #4
    Hulld

    Hulld Road Train Member

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    Upstate NY
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    Like has been stated no FET on used trucks or trailers.
     
    Hulld, Sep 29, 2018
    Hulld, Sep 29, 2018
    #4
    brian991219, Bean Jr. and brsims Thank this.
  7. Sep 29, 2018 #5
    Old Man

    Old Man Road Train Member

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    Apr 3, 2009
    Oklahoma City, OK
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    $35,000
     
    Old Man, Sep 29, 2018
    Old Man, Sep 29, 2018
    #5
    blairandgretchen and brsims Thank this.
  8. Sep 29, 2018 #6
    brsims

    brsims Road Train Member

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    Many thanks, drivers!

    Working towards my first truck, planning on buying a decent used truck now and parking it to work on all the major (hopefully none) and minor mechanical issues before I plate it and put it to work.
     
    brsims, Sep 29, 2018
    brsims, Sep 29, 2018
    #6
    blairandgretchen Thanks this.
  9. Sep 29, 2018 #7
    Hegemeister

    Hegemeister Road Train Member

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    Mechanicsburg, PA
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    I think it's 9% on new vehicles.
     
    Hegemeister, Sep 29, 2018
    Hegemeister, Sep 29, 2018
    #7
    brsims Thanks this.
  10. Sep 29, 2018 #8
    fortycalglock

    fortycalglock Road Train Member

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    Tourist Town, FL
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    You’ll only pay the 12% FET on used trucks if they are imported from Canada.
     
    fortycalglock, Sep 29, 2018
    fortycalglock, Sep 29, 2018
    #8
    Hegemeister and Bean Jr. Thank this.
  11. Sep 29, 2018 #9
    blairandgretchen

    blairandgretchen Road Train Member

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    Dec 9, 2011
    South west Missouri
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    Some states have an exemption for sales tax on a used truck too - MO is one. You fill out a form and include the DOT # of your own, or carrier you’re leased to, and off you go.
     
    blairandgretchen, Sep 29, 2018
    blairandgretchen, Sep 29, 2018
    #9
  12. Sep 30, 2018 #10
    brsims

    brsims Road Train Member

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    Aug 8, 2009
    Meadville, PA
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    Not leasing on yet. Need more than just a truck to start. Gotta get equipment, too. Sticking with flatbed, so need chains, binders, straps, the whole deal.

    Just might have a heck of a good deal on a good used truck that I don't want to miss, at a price point where I can afford to keep it parked while I keep my current company position for a bit longer.
     
    brsims, Sep 30, 2018
    brsims, Sep 30, 2018
    #10
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