State: South Carolina

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How are car loans in South Carolina calculated?

South Carolina includes the sale price and the dealer document fee in the taxable amount of an auto loan but does not include the trade-in value.

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South Carolina car buyers get a tax break on trade-in vehicles.

Principal vs Interest

Tax vs Tags

Verbal Equation

See credit union interest rates for APR.

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Principal vs Interest

Tax vs Tags

Cost Breakdown

Tax
South Carolina car tax is $ at % based on an amount of $ combined from the sale price of $ plus the doc fee of $ minus the trade-in value of $.

The maximum sales tax per vehicle is $500. However, a yearly property tax may apply during registration renewals.

Tags
South Carolina DMV fees are about $ on a $ vehicle based on a $40 reg fee plus a $40 weight fee plus a $15 title fee.

View the SC registration fee schedule to verify your tag fees, and use our DMV Override to adjust the calculator.

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All data based on your calculation.

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Verbal Equation

The net price of $ equals the sale price of $ minus the rebate of $. The trade‑in vehicle value is $, and after a trade‑in loan payoff of $, the balance of $ applies to the vehicle purchase.

The estimated tax and registration combined is $, but this may vary based on vehicle type and intended usage. The documentation fee is $.

Adjust numbers in calculator.

Notes

Prepaid maintenance plans, extended warranties, and GAP insurance are not taxed in South Carolina and provide considerable savings over paying down the road. You can include maintenance on the warranty line of the calculator for accurate handling.

The documentation fee is set by the dealer, but is not negotiable so clarify upfront what the dealer charges. The customary doc fee is $225 in South Carolina but may differ as the state allows dealers to charge more on a case-by-case basis depending on the "reasonableness" of the increase.

EV surcharges are levied to offset declining fuel tax revenue. Add $120 to the DMV fees for electric vehicles and $60 for hybrids.

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