Autos

How Cheap Are New Cars in Your State? – Yahoo Finance


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©Shutterstock.com

“MSRP” stands for “manufacturer’s suggested retail price.” Naturally, auto manufacturers determine a car’s MSRP, not dealerships or salespeople. That means the base price is the same no matter where you buy a new vehicle, but your state and even county can mean the difference between hundreds or even thousands of dollars that you spend or save on the exact same vehicle.

That’s because the state auto sales tax, which is sometimes different from the general sales tax rate, can add more than 8% of the purchase price to the tally — or nothing at all or something in between.

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Then there are registration fees, license plate fees and title fees, with some states charging for all of those services and others giving some of them away for free.

To showcase just how much the price of a new car can vary depending on where you live, GOBankingRates used the 2024 Toyota Corolla as the baseline vehicle MSRP. After all, it’s the bestselling car of all time, topping 50 million units sold in 2021.

The 2024 Corolla’s starting MSRP is $22,050.

The analysis used data from PolicyGenius to include state-by-state auto tax rates and Insurify data to factor in registration, license plate and title fees for all 50 states to show the true price you’ll pay depending on where you live. Some states charge a flat rate, but in others, there’s a price range based on factors like the vehicle’s weight and value.

Here’s a look at what your state tacks on to the MSRP when you buy a new car.

DuxX / Getty Images/iStockphotoDuxX / Getty Images/iStockphoto

DuxX / Getty Images/iStockphoto

Alabama

  • State auto sales tax: 2%

  • Registration fee: $23-$105

  • License plate fee: $1.25 transfer fee

  • Title fee: $15

  • Total cost for a 2024 Toyota Corolla: $22,530.25 – $22,612.25

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Ridofranz / Getty Images/iStockphotoRidofranz / Getty Images/iStockphoto

Ridofranz / Getty Images/iStockphoto

Alaska

Read More: 6 Best Used Cars for the Upper Middle Class

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nd3000 / iStock.com

Arizona

  • State auto sales tax: 5.6%

  • Registration fee: $8

  • License plate fee: $12

  • Title fee: $4

  • Total cost for a 2024 Toyota Corolla: $23,308.80

andresr / Getty Imagesandresr / Getty Images

andresr / Getty Images

Arkansas

  • State auto sales tax: 6.5%

  • Registration fee: $17-$21

  • License plate fee: $1

  • Title fee: $10

  • Total cost for a 2024 Toyota Corolla: $23,511.25 – $23,515.25

andreswd / iStock.comandreswd / iStock.com

andreswd / iStock.com

California

  • State auto sales tax: 7.25%

  • Registration fee: $41

  • License plate fee: $25

  • Title fee: $25

  • Total cost for a 2024 Toyota Corolla: $23,739.63

Avoid These: 10 New Cars To Avoid Buying in 2024

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acilo / Getty Images/iStockphoto

Colorado

  • State auto sales tax: 2.9%

  • Registration fee: $7.60-$233

  • License plate fee: $25

  • Title fee: $7.20

  • Total cost for a 2024 Toyota Corolla: $22,729.25 – $22,954.65

skynesher / Getty Imagesskynesher / Getty Images

skynesher / Getty Images

Connecticut

  • State auto sales tax: 6.35%

  • Registration fee: $44-$266

  • License plate fee: $5

  • Title fee: $25

  • Total cost for a 2024 Toyota Corolla: $23,524.18 – $23,746.18

andresr / Getty Imagesandresr / Getty Images

andresr / Getty Images

Delaware

  • State auto sales tax: 0%

  • Registration fee: $40

  • License plate fee: $10 with sticker

  • Title fee: $50

  • Total cost for a 2024 Toyota Corolla: $22,150.00

1001nights / Getty Images/iStockphoto1001nights / Getty Images/iStockphoto

1001nights / Getty Images/iStockphoto

Florida

  • State auto sales tax: 6%

  • Registration fee: $14.50-$32.50

  • License plate fee: $28

  • Title fee: $77.25-$85.25

  • Total cost for a 2024 Toyota Corolla: $23,492.75 – $23,518.75

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nd3000 / Getty Images/iStockphoto

Georgia

DuxX / Getty Images/iStockphotoDuxX / Getty Images/iStockphoto

DuxX / Getty Images/iStockphoto

Hawaii

  • State auto sales tax: 4%

  • Registration fee: $89-$900

  • License plate fee: $5

  • Title fee: $5

  • Total cost for a 2024 Toyota Corolla: $23,031.00 – $23,842.00

kupicoo / iStock.comkupicoo / iStock.com

kupicoo / iStock.com

Idaho

  • State auto sales tax: 6%

  • Registration fee: $45-$69

  • License plate fee: N/A

  • Title fee: $14-$32

  • Total cost for a 2024 Toyota Corolla: $23,432.00 – $23,474.00

Bim / Getty ImagesBim / Getty Images

Bim / Getty Images

Illinois

  • State auto sales tax: 7.25%

  • Registration fee: $78-$158

  • License plate fee: $151-$218

  • Title fee: $155

  • Total cost for a 2024 Toyota Corolla: $24,032.63 – $24,179.63

DuxX / Getty Images/iStockphotoDuxX / Getty Images/iStockphoto

DuxX / Getty Images/iStockphoto

Indiana

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Fahroni / Getty Images/iStockphoto

Iowa

Wavebreakmedia / Getty Images/iStockphotoWavebreakmedia / Getty Images/iStockphoto

Wavebreakmedia / Getty Images/iStockphoto

Kansas

  • State auto sales tax: 6.5%

  • Registration fee: $42.50-$52.25

  • License plate fee: N/A

  • Title fee: $10

  • Total cost for a 2024 Toyota Corolla: $23,535.75 – $23,545.50

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skynesher / Getty Images

Kentucky

  • State auto sales tax: 6%

  • Registration fee: $21

  • License plate fee: N/A

  • Title fee: $25 for speed title

  • Total cost for a 2024 Toyota Corolla: $23,419.00

Apriori1 / Getty Images/iStockphotoApriori1 / Getty Images/iStockphoto

Apriori1 / Getty Images/iStockphoto

Louisiana

  • State auto sales tax: 4.45%

  • Registration fee: $10

  • License plate fee: Based on type, weight, selling price

  • Title fee: $68.50

  • Total cost for a 2024 Toyota Corolla: $23,109.73 plus plate fee

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shaunl / iStock.com

Maine

  • State auto sales tax: 5.5%

  • Registration fee: $35

  • License plate fee: N/A

  • Title fee: $33

  • Total cost for a 2024 Toyota Corolla: $23,330.75

©Toyota©Toyota

©Toyota

Maryland

  • State auto sales tax: 6%

  • Registration fee: $135-$187

  • License plate fee: $10

  • Title fee: $100

  • Total cost for a 2024 Toyota Corolla: $23,618.00 – $23,670.00

View More: 5 Used Cars You Shouldn’t Buy

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Dimensions / iStock.com

Massachusetts

  • State auto sales tax: 6.25%

  • Registration fee: $60

  • License plate fee: $20

  • Title fee: $75

  • Total cost for a 2024 Toyota Corolla: $23,583.13

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monkeybusinessimages / iStock/Getty Images

Michigan

  • State auto sales tax: 6%

  • Registration fee: $29-$211

  • License plate fee: $5

  • Title fee: $15

  • Total cost for a 2024 Toyota Corolla: $23,422.00 – $23,604.00

Berki Alin / iStock.comBerki Alin / iStock.com

Berki Alin / iStock.com

Minnesota

  • State auto sales tax: 6.88%

  • Registration fee: $90

  • License plate fee: $6

  • Title fee: $8.25

  • Total cost for a 2024 Toyota Corolla: $23,671.29

Eric Glenn / Shutterstock.comEric Glenn / Shutterstock.com

Eric Glenn / Shutterstock.com

Mississippi

©Volvo©Volvo

©Volvo

Missouri

  • State auto sales tax: 4.3%

  • Registration fee: $18.25-$51.25

  • License plate fee: N/A

  • Title fee: $8.50

  • Total cost for a 2024 Toyota Corolla: $23,024.90 – $23,057.90

Find Out: How Much Does the Average Middle-Class Person Have in Savings?

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Lightguard / Getty Images/iStockphoto

Montana

  • State auto sales tax: 0%

  • Registration fee: $22.75-$217

  • License plate fee: $10.30

  • Title fee: $10.30

  • Total cost for a 2024 Toyota Corolla: $22,093.35 – $22,287.60

LoveTheWind / iStock.comLoveTheWind / iStock.com

LoveTheWind / iStock.com

Nebraska

  • State auto sales tax: 5.5%

  • Registration fee: $60

  • License plate fee: $4.10

  • Title fee: $10

  • Total cost for a 2024 Toyota Corolla: $23,336.85

Checubus / Shutterstock.comChecubus / Shutterstock.com

Checubus / Shutterstock.com

Nevada

  • State auto sales tax: 8.25%

  • Registration fee: $33

  • License plate fee: $8

  • Title fee: $28.25

  • Total cost for a 2024 Toyota Corolla: $23,938.38

PeopleImages / Getty Images/iStockphotoPeopleImages / Getty Images/iStockphoto

PeopleImages / Getty Images/iStockphoto

New Hampshire

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lechatnoir / Getty Images

New Jersey

  • State auto sales tax: 6.63%

  • Registration fee: $35.50-$84

  • License plate fee: $6

  • Title fee: $60

  • Total cost for a 2024 Toyota Corolla: $23,613.42 – $23,661.92

alfexe / Getty Images/iStockphotoalfexe / Getty Images/iStockphoto

alfexe / Getty Images/iStockphoto

New Mexico

  • State auto sales tax: 4%

  • Registration fee: $27-$62

  • License plate fee: N/A

  • Title fee: N/A

  • Total cost for a 2024 Toyota Corolla: $22,959.00 – $22,994.00

Boogich / iStock.comBoogich / iStock.com

Boogich / iStock.com

New York

  • State auto sales tax: 4%

  • Registration fee: $26-$140

  • License plate fee: $25

  • Title fee: $50

  • Total cost for a 2024 Toyota Corolla: $23,033 – $23,147

Save Money: Avoid These 7 Cars That Will Only Last You Half as Long as the Average Vehicle

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Kruck20 / Getty Images/iStockphoto

North Carolina

  • State auto sales tax: 3%

  • Registration fee: $38.75-$67.25

  • License plate fee: $21.50

  • Title fee: $56

  • Total cost for a 2024 Toyota Corolla: $22,827.72 – $22,856.22

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DenisTangneyJr / Getty Images

North Dakota

  • State auto sales tax: 5%

  • Registration fee: $49-$191

  • License plate fee: $37

  • Title fee: $5

  • Total cost for a 2024 Toyota Corolla: $23,243.50 – $23,385.50

Learn More: I’m a Frugal Shopper: 4 Items I Always Buy Secondhand To Save Money

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SaevichMikalai / Getty Images/iStockphoto

Ohio

  • State auto sales tax: 5.75%

  • Registration fee: $31-$81

  • License plate fee: $6

  • Title fee: $15

  • Total cost for a 2024 Toyota Corolla: $23,369.88 – $23,419.88

Tramino / Getty ImagesTramino / Getty Images

Tramino / Getty Images

Oklahoma

  • State auto sales tax: 3.25%

  • Registration fee: $26-$96

  • License plate fee: N/A

  • Title fee: $11

  • Total cost for a 2024 Toyota Corolla: $22,803.63 – $22,873.63

DaveAlan / Getty ImagesDaveAlan / Getty Images

DaveAlan / Getty Images

Oregon

  • State auto sales tax: 0%

  • Registration fee: $45-$160

  • License plate fee: $12.50

  • Title fee: $101-$192

  • Total cost for a 2024 Toyota Corolla: $22,208.50 – $22,414.50

Tramino / Getty ImagesTramino / Getty Images

Tramino / Getty Images

Pennsylvania

  • State auto sales tax: 6%

  • Registration fee: $39-$45

  • License plate fee: N/A

  • Title fee: $58

  • Total cost for a 2024 Toyota Corolla: $23,470 – $23,476

Other Expenses: Nearly Half of Americans Struggle To Pay Their Utility Bills: 5 Ways To Save

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Oleggg / Shutterstock.com

Rhode Island

  • State auto sales tax: 7%

  • Registration fee: $30-$78

  • License plate fee: N/A

  • Title fee: $52.50

  • Total cost for a 2024 Toyota Corolla: $23,676 – $23,724

Vitali Laurentsik / iStock.comVitali Laurentsik / iStock.com

Vitali Laurentsik / iStock.com

South Carolina

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urbazon / Getty Images

South Dakota

  • State auto sales tax: 4%

  • Registration fee: $30-$48

  • License plate fee: $25.20-$144

  • Title fee: $10

  • Total cost for a 2024 Toyota Corolla: $22,997.20 – $23,134

Photo travelling people sports / iStock.comPhoto travelling people sports / iStock.com

Photo travelling people sports / iStock.com

Tennessee

  • State auto sales tax: 7%

  • Registration fee: $39.75

  • License plate fee: Varies by county

  • Title fee: Varies by county

  • Total cost for a 2024 Toyota Corolla: $23,633.25 plus plate fee

More Studies: Here’s How Much You Need To Earn To Be ‘Rich’ in Every State

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leekris / Getty Images/iStockphoto

Texas

  • State auto sales tax: 6.25%

  • Registration fee: $50.75-$54

  • License plate fee: N/A

  • Title fee: $28-$33

  • Total cost for a 2024 Toyota Corolla: $23,506.88 – $23,515.13

Prostock-Studio / Getty Images/iStockphotoProstock-Studio / Getty Images/iStockphoto

Prostock-Studio / Getty Images/iStockphoto

Utah

  • State auto sales tax: 6.85%

  • Registration fee: $10-$150

  • License plate fee: N/A

  • Title fee: $6

  • Total cost for a 2024 Toyota Corolla: $23,576.43 – $23,716.43

fotostorm / Getty Imagesfotostorm / Getty Images

fotostorm / Getty Images

Vermont

  • State auto sales tax: 6%

  • Registration fee: $74-$132

  • License plate fee: N/A

  • Title fee: $35

  • Total cost for a 2024 Toyota Corolla: $23,482.00 – $23540.00

©Toyota©Toyota

©Toyota

Virginia

  • State auto sales tax: 4.15%

  • Registration fee: $30.75-$116.49

  • License plate fee: N/A

  • Title fee: $15

  • Total cost for a 2024 Toyota Corolla: $23,012.75 – $23,098.49

AnSyvanych / Getty ImagesAnSyvanych / Getty Images

AnSyvanych / Getty Images

Washington

  • State auto sales tax: 6.5%

  • Registration fee: $40

  • License plate fee: $50

  • Title fee: $5.50

  • Total cost for a 2024 Toyota Corolla: $23,578.75

Group4 Studio / Getty ImagesGroup4 Studio / Getty Images

Group4 Studio / Getty Images

West Virginia

  • State auto sales tax: 6%

  • Registration fee: $28.50-$78.50

  • License plate fee: $10

  • Title fee: $15

  • Total cost for a 2024 Toyota Corolla: $23,426.50 – $23,476.50

©Dodge©Dodge

©Dodge

Wisconsin

deepblue4you / iStock.comdeepblue4you / iStock.com

deepblue4you / iStock.com

Wyoming

  • State auto sales tax: 4%

  • Registration fee: $15-$60

  • License plate fee: N/A

  • Title fee: $15

  • Total cost for a 2024 Toyota Corolla: $22,962.00 – $23,007.00

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This article originally appeared on GOBankingRates.com: How Cheap Are New Cars in Your State?



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