Purchasing a New Car is an exciting experience, but along with the joy of a fresh vehicle comes the responsibility of registration. In New Jersey, registering your new car involves several fees that you should be aware of to budget accordingly. This guide breaks down the essential registration fees you’ll encounter when you title and register your new car in the Garden State.
Understanding New Car Titling Fees
The titling fee is a standard charge for establishing ownership of your new car. In New Jersey, the standard titling fee is $60. However, this fee can increase if you finance your new vehicle. If your new car is financed and involves one lien, the titling fee is $85. For vehicles with two liens, the fee is $110. This fee ensures your ownership is officially recorded and legally recognized by the state.
New Car Registration Fees Explained
The registration fee for your new car in New Jersey varies based on the type of vehicle you are registering. This fee includes the cost of your license plates. New vehicles that have never been titled before are typically granted a four-year registration period. If you are leasing your new car, the registration duration will align with the length of your lease agreement. For a more precise estimate of your new car’s registration fee, you can utilize the official New Jersey Motor Vehicle Commission (NJMVC) registration fee calculator available online.
Sales Tax on Your New Car Purchase
When you purchase a new car in New Jersey, you will also be required to pay sales tax. The exact amount of sales tax is calculated based on the purchase price of your vehicle. If you require assistance in determining the specific sales tax amount for your new car, the New Jersey Division of Taxation provides support. You can reach them at 609-984-6206 for guidance on calculating your new car sales tax.
Electric Vehicle Fees for New Cars
If you are opting for an environmentally friendly new car and choose an electric vehicle (ZEV), there’s an additional annual fee to consider in New Jersey, effective from July 1, 2024. This fee is in addition to the standard registration fee. This annual electric vehicle fee starts at $250 and will increase by $10 each year for the subsequent four years. For newly registered ZEVs, you will need to pay the cumulative fee for four years upfront at the time of the initial four-year registration. For example, if you register your new electric car between July 1, 2024, and June 30, 2025, you will pay the additional EV fee covering the years 2024, 2025, 2026, and 2027 at the time of registration.
The NJMVC is updating its systems to implement this new electric vehicle fee. For new ZEV registrations between July 1, 2024, and August 31, 2024, this additional fee will be collected after the initial registration date, and new electric car owners will receive a notification regarding this fee.
Understanding these fees ensures a smoother process when registering your new car in New Jersey, allowing you to fully enjoy your new vehicle without unexpected costs.
