Anyone in the market for a new car who's been shopping around in Utah, may have noticed the prices keep getting steeper.
SALT LAKE CITY — Utah is the third-most expensive state to buy a brand new car, according to QuoteWizard.
The"why" is because Utah has one of highest sales taxes in the nation at 7.25 percent. And the state's $4,100 dealership fees is also among the highest in the country.Factor in the price of gas and most end up spending much more than the retail price of the vehicle.Before heading out to go shopping, call dealerships in the area and ask for the out-of-door price, what a buyer would pay after taxes and fees.
In addition, call the insurance company to ask how much the insurance will cost. Remember, when switching from an older car to a new car, the insurance will go up. If the amount quoted is too much, consider working with an independent insurance agent to see if there are companies willing to offer a lower premium.
“One of the most common sales tactics that is used is the dealer will tell you ‘This is how much you’ll pay per month’,” says Divya Sangameshwar, an insurance expert with QuoteWizard. “They will try to tell you that you can lower your monthly costs by taking on a longer-term loan or by opting for an insurance policy that may not be what you may personally require, it may not have the coverage that you need.
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