Nissan Finance FAQ – Taxes

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As tax season approaches, we often get lots of questions. How much is Nebraska sales tax? Can I claim my new purchase? The financial experts at Woodhouse Nissan Bellevue are tackling all the questions and more. 

How Much Is Sales Tax? 

When you buy a new vehicle in the state of Nebraska, you’ll have to pay sales tax on your purchase. The state sales tax rate is 5.5%. While our county sales tax rate is 0%, you’ll also have to pay an additional 1.5% city sales tax rate in Bellevue. 

What Will the Total Cost of My Vehicle Be? 

Trying to determine how this will affect your purchase price or monthly payments? You can quickly calculate your taxes by multiplying your purchase price by .07 (your total tax rate). That amount (the sales tax you owe) is then added to your total purchase price. 

Keep in mind, when you apply for Nissan financing, you’ll also have to factor in interest. Many vehicle purchases also have fees and additional coverage costs. These prices will all be outlined in your contract before you purchase your vehicle. 

How Much Will My Payment Be? 

Wanting a quick estimate of your monthly payments to see if your dream vehicle aligns with your budget? With our Nissan payment calculator, you can plug in a few factors about your vehicle to get an estimate of your payment.

An auto payment calculator factors in:

  • Your vehicle price
  • Interest rate
  • Loan term
  • Down payment
  • Trade-in value

Can I Claim My Vehicle at Tax-Time? 

Yes, you can deduct your vehicle’s sales tax on your tax return. However, this isn’t always the best option for everyone. You’ll have to decide whether you want to itemize your deductions (which is required if you want to claim your vehicle) or opt for the standard deduction instead.

Keep in mind, there are also other options for claiming your vehicle if you are a business owner or self-employed and use the vehicle commercially. We encourage you to carefully discuss your options with a licensed tax professional when filing your taxes to make sure that you are making the best financial decision. 

Still Have Questions about Nebraska Sales Tax for Your Car? 

Still have questions? Want to learn more about auto financing? We encourage you to visit our auto finance center in Bellevue, NE to chat with our financial experts today!