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How Much Should Title Insurance Cost

Sidney Said:

How much are the fees of buying a used car?

We Answered:

If you are buying from a private party you are responsible for the smogging the car when due. When you register the vehicle you are going to pay a sales tax of 8.75% of the price of the car. If you are buying from a dealer you add $55 documentation fee, $28 Smog fee, registration around 1.5% of the price of the vehicle and 8.75 sales tax of the price of the vehicle. You can safety say around 11% of the price of the vehicle.

Bobby Said:

I'm selling my car and it was recently in an accident. How much do I sell it for now?

We Answered:

Use the insurance to fix the car, and then sell it like it never happened. Anyone purchasing a car from a private seller should know that it is a buyer beware type of sale. If they do a carfax report on the vehicle they may find out about the damage, but don't offer it up without them asking you about it. If they decide not to buy, don't worry, someone else less thorough will take it off your hands. Don't be intentionally deceitful, just don't offer up any unsolicited facts about the car.

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