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Wednesday, October 21, 2009

Do I need to pay sale tax for my car when I refinance my auto loan?

I am told that refinancing a car is like selling it, so I have to pay sale tax and car license including smog check again. Is this true?

Do I need to pay sale tax for my car when I refinance my auto loan?
Sales Tax - NO-Never





That would be double taxation
Reply:No you don't pay all the fees again. That has already been wrapped up in your loan, so you are just refinancing the loan amount.
Reply:If you think that you are paying a higher repayment amount for your existing car loan%26lt;!--then you can bring it down. With the help of refinance car loans, you can switch the loan plan with effective loan management.





http://best-loans.awardspace.com/refinan...





If you think your lender is charging a higher interest rate on your car loans then you can look at the refinance car loans option. With the help of a refinance car loan, you can avail multiple benefits. Firstly, you may reduce--%26gt;your monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.

lilac

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