Car Loan Calculator Detailed for South Carolina
Calculate by State > South Carolina
In our calculation, the taxable amount is $ which equals the price of $ plus the doc fee of $ minus the trade-in value of $.
DMV fees are about $ on a $ vehicle based on a $40 reg fee plus a $56 weight fee plus a yearly vehicle property tax that varies by location.
View the State of South Carolina registration resources below to verify your exact amounts, and use our DMV Override to adjust the calculator.
Property Tax Estimator | Reg Fee Schedule
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.
Therefore, car buyers get a tax break on trade-in vehicles in South Carolina.
The maximum sales tax per vehicle is $500. However, an additional yearly property tax is charged as listed in the DMV fees below.
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.
Thank you for considering our dealership for your new vehicle! I can offer you a net price of $ which equals the dealer sale price of $ minus the factory rebate of $.
I can purchase your trade vehicle for $, payoff your loan up to $, and apply the balance of $ to this purchase. The estimated tax and registration combined is $, but this may vary based on your location. Our required dealer documentation fee is $.