Let’s imagine you’re buying a new car (and we’ll have to imagine, because no one can afford one right now). In most states you pay sales tax—some states charge a luxury tax as well. On average, only 94 percent of the dollars you spend will actually go toward the car, with the remainder paid to the government. Mind you, you won’t be able to drive the car anywhere until you pay the government a further fee to register it.
And of course, the dealer has marked up the car over his wholesale cost so he can make money. Don’t be […]
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