Florida resident to register car in New Hampshire

[TiltonBB]

Originally Posted by Sue Doe-Nym

Why do you want to register in NH? Florida annual registration cost is fixed and is a fraction of the NH registration. The only difference is that NH insurance is cheaper than FL.

The insurance is a significantly cheaper in New Hampshire. Also, there is no sales tax in New Hampshire. I did the math and there is a substantial savings, especially when purchasing a new car. In the last three years I have saved over $9,000 in sales tax alone.

[Sue Doe-Nym]

Originally Posted by TiltonBB

The insurance is a significantly cheaper in New Hampshire. Also, there is no sales tax in New Hampshire. I did the math and there is a substantial savings, especially when purchasing a new car. In the last three years I have saved over $9,000 in sales tax alone.

Sorry, I missed the part about a new car. I have done the same thing many decades ago.

Many of us tend to forget that as much as we like the NH lack of sales tax and income tax, there are other ways such as car and watercraft registration fees plus meals and room tax that Concord raises money.

[joey2665]

Originally Posted by Sue Doe-Nym

Sorry, I missed the part about a new car. I have done the same thing many decades ago.

Many of us tend to forget that as much as we like the NH lack of sales tax and income tax, there are other ways such as car and watercraft registration fees plus meals and room tax that Concord raises money.

From the original post I agree with you, sounds like he’s transferring a car not purchasing a new car.

New vs transfer are completely different scenarios and definitely more beneficial to register in NH for new, a transfer you would have to run all the numbers. Sales tax insurance and registration fees


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[John Mercier]

Meals and Room (Meals & Rental) is a sales tax.
The tax rate is in addition to the sale price and based on the sales price.

BET, and D&I, are income taxes. The rate is applied to income either paid by a company, or individual in the case of D&I, beyond an exemption.

The adjusting annual portion of our on-highway vehicle registration is a property tax. That tax is 1.8% of the sales value of the vehicle the first year, 1.5% the following year, lowering .3% per year until reaching a .3% rate for the remainder of time a vehicle is registered... antique registration being different and not withstanding.

The Florida 6% rate would equalize with NH after 5 years; after that Florida would be cheaper. Inspection; Florida is cheaper from day one. The insurance seems to be their big issue.

[Riviera]

Originally Posted by TiltonBB

The insurance is a significantly cheaper in New Hampshire. Also, there is no sales tax in New Hampshire. I did the math and there is a substantial savings, especially when purchasing a new car. In the last three years I have saved over $9,000 in sales tax alone.

Agreed, although the cost differential varies significantly with the cost of the car. That said, you don’t need to inspect a car that is registered in FL, as they don’t require annual inspections down there. Obviously inspections aren’t a big expense, but the can be a pain in the neck when you arrive back in NH each year.

One option …. Buy a car in NH, so no sales tax. If you keep it in NH for a period of time (I think it is 6 months), you are exempt from sales tax when registering the car in FL. In FL, you can register for 2 years at a time, so no need to do anything for 2 more years.