Buying
a car is one of the most expensive experiences in our lives. While
buying a car, there are plenty of options to choose from. Therefore,
shopping around becomes the utmost important aspect when you are
selecting a car. When you shop around in Florida, there are two means of
buying a car; namely from a physical dealership or making an online car
purchase. Florida, being the third most populous and eighth most
densely populated state in the United States of America, has many
transactions that include online car purchases. Though, the process of
making an online car purchase in Florida is not a complex procedure, you
need to understand the nitty-gritty details of the rules prevalent in
the state.
An Online Car Purchase in Florida
There
is no shortage of car buying options in Florida. However, the following
points will help you while you make an online car purchase in Florida:
- Ensuring a Motor Vehicle Check
Any
car that is titled in Florida can be inspected for potential damages
under ‘Motor Vehicle Check’. The test is conducted by the Florida
Department of Highway Safety and Motor Vehicles. Essentially, the ‘Motor
Vehicle Check’ examines if the car has any outstanding payments or if
the car has been a victim to flood damage. Additionally, there are
several other motor history tests that can be conducted to estimate any
potential damage made to the car. Therefore, prior to making an online
car purchase in Florida, make sure you have carried out all the required
tests.
- Complete Required Title Procedures
In
the case of an online car purchase, the dealer is required to apply for
the title registration on behalf of the buyer. According to the rules
prevalent in Florida, the dealer is given a period of thirty days to
complete the title registration procedure. Florida Department of Highway
Safety and Motor Vehicles acts as a formal authority that regulates the
car purchases, provides licenses and resolves disputes and grievances.
Thus, it becomes essential to complete the required title procedures
within the stipulated time frame.
- Consider Taxation
Different
states have different rules regarding taxes on the purchase of a car.
Florida has rules relating to taxation that include the imposition of
sales tax. The current sales tax rate in Florida is 6 percent on the
total purchase price of the car. In case you make an out-of-state
purchase, you are liable to pay a sales tax that is prevalent in the
state from which you are buying the car. Additionally, many counties in
Florida impose a discretionary sales surtax. The sales surtax is
applicable when you reside within a county of Florida that imposes it.
The sales surtax is applicable to the first $5000 amount of the car
purchase price and its form is DR-15DSS. It contains all the information
regarding surtax rates in different areas of Florida.
The
aspect of taxation is often ignored while making an online car
purchase. However, considering the current sales tax rate in Florida
will help you in making an accurate calculation of the amount that you
will be spending on your car.
An
online car purchase expands your current car shopping options and
exposes you to new possibilities. Making an online car purchase in
Florida is not a difficult task. However, it is best to understand the
nitty-gritty details in making an online car purchase in Florida because
it will help you to become an informed purchaser.
Want to buy a car in the Sunshine State? You need to obtain bad credit no money down car loans in Florida to help you expedite the car buying process. CarDestination.com will provide you with pre-approved bad credit auto financing in Miami, Jacksonville, Tampa and every other part of the state.
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