It is required by federal, state, and local governments that companies collect sales tax from their consumers.
It usually corresponds to a certain percentage of the final sales price.
Let's pretend you just bought a car for $5,000
and the sales tax in your state is 2%. A further $100 will be donated to the DMV in your state.
It's also important to keep in mind that states with their own sales tax almost often
have their own municipal tax as well. Let's pretend that New York's state sales tax is 4%. When you include in taxes for both the municipality and the county, however, the total cost rises by 4.5%.
for instance, has a combined mpg rating of 52. If you're in the market for a fuel-efficient, versatile sedan, the Toyota model is a great option.