Car Loan Calculator Detailed for 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.
Principal vs Interest
Tax vs Tags
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, an additional yearly property tax is charged as listed in the registration fees below.
South Carolina 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
All data based on your calculation.
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.
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.