Cost of Transferring a Car Title in Idaho

There are a few fees that you need to be aware of when transferring a car title in Idaho. It costs $14 to transfer a title. However, depending on your particular circumstance, there can be additional expenses. For instance, there is a $39 title application charge if you are changing the title of a vehicle that is less than 6 years old. There is a $14 cost for a new title if the car’s title is being transferred for a vehicle that is more than six years old.

You might also be required to pay sales tax on the vehicle in addition to these charges. The sales tax in Idaho is 6% of the vehicle’s purchase price. Although this tax is normally paid at the time of purchase, you can still be required to pay it if you are transferring the title of a car that was given to you or bought from a relative.

Moving on, Idaho has its own set of fees associated with automobile registration. Depending on the vehicle’s weight, age, and type, Idaho has different registration fees. For instance, it costs $69 to register a passenger car that is under two years old. This amount covers the price of the registration, license plate, and plate application. The cost reduces to $45.50 if the vehicle is more than two years old.

In Idaho, several automobiles are free from paying sales tax. These include vehicles bought by non-profit organizations, vehicles given as gifts to family members, and vehicles bought by governmental bodies. Additionally, before 2020, electric vehicles purchased in Idaho are exempt from paying sales tax.

Finally, the amount of tax and license costs you will pay in Idaho is determined by the worth of the car. A proportion of the value of the car is used to determine the tax and license cost. on instance, you can anticipate paying about $360 in tax and license fees on a $10,000 vehicle.

In conclusion, Idaho has a comparatively inexpensive cost for transferring an automobile title, at just $14. Nevertheless, additional charges can apply based on the age of the car and your personal circumstances. The vehicle may also be subject to sales tax, which is 6% of the purchase price. The price to register a car varies in Idaho depending on the kind, age, and weight of the car. Finally, based on the worth of the car, tax and license costs are determined as a proportion of the vehicle’s value.