Looking for help on DMV fees in CT vs others | FerrariChat
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Looking for help on DMV fees in CT vs others

Discussion in 'Ferrari Discussion (not model specific)' started by mx1, May 30, 2022.

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  1. mx1

    mx1 Karting
    Rossa Subscribed

    Feb 16, 2022
    99
    CT
    Full Name:
    Danny
    #1 mx1, May 30, 2022
    So I’ll be getting my first Ferrari soon, (woooooo!!!) and was wondering if anyone knows what the best state(s) are to title the vehicle. I have residences in multiple states where I can potentially do it but curious whether it made sense to go outside CT. Also just read the thread that GA is the worst hah!
     
  2. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,462
    #2 Shark01, May 30, 2022
    In Texas, you pay 6.25% when you buy it then $80 plus a $25 inspection every year.

    And isn't Va the worst state to own an exotic in?
     
  3. energy88

    energy88 Three Time F1 World Champ
    Silver Subscribed

    Jan 21, 2012
    32,068
    West of Fredericksburg, VA
    Full Name:
    John
    #3 energy88, May 30, 2022
    Every year you pay a personal property tax on automobiles based on NADA value on January 1st times the tax rate they have in effect.
     
  4. Nospinzone

    Nospinzone F1 Veteran

    Jul 1, 2013
    7,776
    Weston, MA
    Full Name:
    Paul
    #4 Nospinzone, May 30, 2022
    It would help to know which states you have residences in so that those residents could answer you.

    You could also go to the dot-gov sites of those states and look up the requirements.
     
  5. FerrariCognoscenti

    FerrariCognoscenti Formula 3

    Jan 19, 2021
    2,429
    East Coast
    #5 FerrariCognoscenti, May 30, 2022
    Sent you a PM.
     

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