Florida Car
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From: North Shore
Florida Car
Anyone have a second home in Florida and register their car down there instead of their (primary) state of residence?
I am wondering what the taxes and registration costs in Florida are, and if there are financial advantages. (In my state of primary residence, for eg, taxes are 5% of purchase price). If so, what hoops do you have to jump through to make it happen.
My car will probably spend some time in FL, but most of the time will be up North at my primary residence.
I am wondering what the taxes and registration costs in Florida are, and if there are financial advantages. (In my state of primary residence, for eg, taxes are 5% of purchase price). If so, what hoops do you have to jump through to make it happen.
My car will probably spend some time in FL, but most of the time will be up North at my primary residence.
Drifting
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From: Franklin MA
if you're talking about MA, from the 5% you list MA is just the logical guess, if you EVER get pulled over and your license is in MA but your car is registered in FL you will be fined for tax evasion $600 iirc, plus a mandatory court appearance and 99.9% chance you'll have to pay that 5%
people with homes in NH and FL do this quite a bit here to avoid the insurance cost and the sales tax
people with homes in NH and FL do this quite a bit here to avoid the insurance cost and the sales tax
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From: North Shore
Originally Posted by stumpjumper
if you're talking about MA, from the 5% you list MA is just the logical guess, if you EVER get pulled over and your license is in MA but your car is registered in FL you will be fined for tax evasion $600 iirc, plus a mandatory court appearance and 99.9% chance you'll have to pay that 5%
people with homes in NH and FL do this quite a bit here to avoid the insurance cost and the sales tax
people with homes in NH and FL do this quite a bit here to avoid the insurance cost and the sales tax
Poseur
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From: Santa Barbara, CA
I saved a bundle on insurance by MOVING from Massachusetts to New Hampshire. The only good thing about auto insurance in "Taxachusetts" is the zero glass deductible. It's about the only state that does not permit competition between auto insurers.
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From: North Shore
Originally Posted by Edgy01
I saved a bundle on insurance by MOVING from Massachusetts to New Hampshire. The only good thing about auto insurance in "Taxachusetts" is the zero glass deductible. It's about the only state that does not permit competition between auto insurers.
BTW Dan, I had the impression for some reason you were in Cali, not NH.
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It's really funny that you posted this, because I just shipped my 987S to Florida (Palm Beach County) to use at my beach house down there. My primary residence is in Nevada, and I have yet to find out how much registration and insurance is going to be for the car in Florida. I have a feeling it's going to be steep, but then again registration fees for the car are around $800/yr in Nevada, so it's probably better in FL.