How Much Would It Cost To Register My Car In Colorado
Using kelley blue book s figure of 38 259 that gives us 7 651 in depreciation costs for every state.
How much would it cost to register my car in colorado. Lastly we factored in vehicle depreciation which according to carfax is about 20 during the first year of ownership. License plate fees structure vary. There are two types of fees when vehicles are registered annually. 7 20 title fee 45 for passenger vehicles 90 for light truck vehicles. Registration fees and the specific ownership tax.
This is an estimate only do not write a check out for this amount. Because a title transfer and vehicle registration often go hand in hand be prepared to lump the title transfer payment in with the overall cost. Even if you know every item that goes into determining registration fees it can still get confusing. Some states have many optional or vanity plates which often include increased fees. The license fee that is based on the weight of the vehicle currently averages 75 00 per passenger vehicle and 90 00 for light truck vehicles.
For example the total vehicle registration cost in larimer county may include but is not be limited to the following fees. Registration and title costs were taken from aaa. See the titles and registration taxes and fees page for more information. The method of calculating the amount of motor vehicle registration and title fees varies widely among states. Sales tax based on your vehicle s net purchase price.
Review your state s car. The memorandum discusses the history and distribution of vehicle registration fees and provides information on the specific ownership tax. Ownership tax this is a personal property tax based on the worth of your vehicle when it was brand new. All questions regarding taxes and fees should be directed to your local county dmv office. Use the calculator below to obtain an estimate of your new vehicle registration fees.
License fee based upon your vehicle s weight purchase date and taxable value. Title and registration fees. This figure must be added to the ownership tax calculation. Three fees factor into colorado car registration fees. Fees are not collected by the colorado dmv for titling or registering a vehicle.