#1
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Buying Car and Moving / Moving Advice (Cross post from B,F&I)
I've got a job that's going to take me out of my home state (NJ) to Connecticut for 12 months. Then I go back to Jersey for at least 12 months if not 2-3 yrs or even a decade.
I'll be buying a car (in NJ) when I graduate. My father mentioned that he thinks it might be possible that CT tries to stick me with extra sales tax because I just bought the car within days before moving. Is this possible? It sounds remotely reasonable. Second, is there a reason to change residency? Will I pay higher car insurance rates for living in Connecticut while my car/etc is registered to me being an NJ resident? More importantly, are there reasons *not* to change residency for a year? Thanks |
#2
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Re: Buying Car and Moving / Moving Advice (Cross post from B,F&I)
Anyone moved recently?
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#3
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Re: Buying Car and Moving / Moving Advice (Cross post from B,F&I)
Bump one last time for the different crowd
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#4
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Re: Buying Car and Moving / Moving Advice (Cross post from B,F&I)
-Car insurance rates are usually based on where the car actually is, so that's a wash. So far as i know, ins. cos. don't care where the car is registered.
-Call the CT and NJ car tax people and ask them. They actually know the answers and will tell you. -Is it possible to buy your car in CT if taxes are more favorable there? that might be an option -If CT has lower taxes for your income, it might be a good idea to change residency so you don't pay higher NJ taxes. -The best reason not to change residency is that you don't really sound like a permanent resident of CT. None of this is legal advice because I'm not a lawyer. Most state authorities are very friendly people and will be glad to give you authoritative answers to all of these questions. |
#5
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Re: Buying Car and Moving / Moving Advice (Cross post from B,F&I)
When you move to another state (depending on the state) -- they my charge you some form of Tax (personal property) or whatever -- If I was only going to live in CT for 12 months I wouldn't change my tags and hope I don't get stopped for a speeding ticket. Also if your parents still live in NJ just use their address on your drivers license and new car and not worry about it.
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