[quote author=azazel1024 link=topic=70740.msg1239437#msg1239437 date=1172696971]
Dunno, I have never attempted an out of state tag transfer or vehicle purchase. However, it sounds likely to me that you would not be able to transfer the tags on an out of state vehicle purchase.
Off the MD MVA website the taxes paid on the vehicle are
* Vehicle(s) titled in a state with a tax rate equal to or higher than Maryland's 5% tax rate will cost $100.
* If the vehicle is registered in a state that imposes no tax, the tax will be assessed at 5% of the value of the vehicle.
* Vehicles from a state with a lower tax rate than Maryland's 5% will be taxed at the rate of the difference between the two states. Example: MD 5%, VA 3%, the difference is a 2% tax rate. Minimum tax - $100. When the value of the vehicle is less than $2,000, the 5% rate will apply.
also off the MD MVA website is this information in purchasing a vehicle out of state
If the dealer does not handle the titling and registration of your vehicle, perhaps because you purchased the vehicle from an out-of-state dealer, you will have to submit the application documents yourself.
To title and register your newly purchased vehicle, you will need to submit the following documents (along with payment for taxes and fees):
Application for Certificate of Title (form #VR-005) - If you also want to register your vehicle, be sure to include your insurance information. Your policy must conform to Maryland's minimum liability insurance requirements.
Certificate of Origin - This is an ownership document produced by the vehicle's manufacturer.
Bill of Sale
Odometer disclosure statement
Under certain circumstances, additional information and/or forms may be required:
Lien information - If you borrowed money to buy the vehicle, you may need to record your lien information on the application (form# VR-005). The MVA Security Interest Filing (form #VR-217) must be used if a second lien is placed against the title.
Power of attorney - If someone other than you, the new owner, is signing the titling forms, this document is required.
Maryland Excise Titling Tax
A vehicle purchased from a licensed dealer, is assessed excise tax based on the agreed upon price of the vehicle, by the buyer and the seller including any dealer processing charge, with no allowance for trade-in or other non-monetary consideration. Manufacturer rebates are taxable, however dealer rebates and discounts are not. All rebate or discount information must be clearly marked on the bill of sale.
The MVA website also states that you have 60 days to properly register your vehicle if coming into the state (which may apply in purchasing a vehicle out of state, I am not sure)...so you might want to hurry on trying to get this taken care of.
I this helps.
Thanks for the info. I did read most of the MVA's website some time ago especially the part about the tax. The 5% tax was included in my finacing agreement processed through the dealership itself.
As for the tags... they said they would do it and could do it. The MVA said I cannot do it myself. I better get it moving.
Where in Ellicott City are you????
I'm on rt-40, 2 blocks from rt-29.