When you're budgeting for a used Ford car, you need to remember that the actual price of the car isn't the only cost to concern yourself with. Here at Hall Ford Elizabeth City, we keep the unnecessary fees to a minimum, but there are still a few additional costs to be aware of.
Sales Tax
You are charged sales tax for most of the things you buy, so it shouldn't surprise you that you'll end up paying sales tax when you purchase a used Ford vehicle. In North Carolina, you'll pay three percent tax on the total purchase price of the car. This can result in a significant expense, and it's something that you'll definitely want to budget for.
Title and Registration Fee
You also have to get the title and registration for this Ford car in your name. This will cost you. The fee can vary a bit depending on which county you live in but expect to set aside a few dollars to get the proper paperwork completed.
Insurance
You need to insure your car before you start driving it around. The cost of your insurance will vary based on a few factors. Your driving history can affect it, of course, and which kinds of coverage you choose can also result in increased premiums.
Many drivers choose to go with the minimum coverage required by the state but opting into other types of coverage can help you better protect yourself and your vehicle, albeit at a higher cost.
Documentation Fee
Your dealership will also charge you a small fee to get the necessary documentation together to make this used Ford vehicle yours. It's never a huge fee, but it's a good idea to be aware of it.
If you have more questions about our pre-owned car lineup and finding a Ford model that you can afford, visit our used car dealership in Elizabeth City. Our knowledgeable dealers and Ford financing staff can help you out.