South Carolina Auto Loan & Sales Tax Calculator
Calculate your South Carolina auto loan monthly payment and vehicle sales tax. South Carolina charges 5% on vehicle purchases.
South Carolina Sales Tax Rules
South Carolina charges 5% state sales tax on vehicles but caps the TOTAL tax at $500 per vehicle under S.C. Code § 12-36-2110. This makes South Carolina one of the cheapest states for vehicle sales tax on higher-priced vehicles. Trade-in credit applies.
Source: S.C. Code § 12-36-2110
Frequently Asked Questions
What is the vehicle sales tax rate in South Carolina?
South Carolina charges a 5% state sales tax on vehicle purchases under S.C. Code § 12-36-2110, capped at a maximum of $500 per vehicle. This makes South Carolina one of the least expensive states for vehicle sales tax on higher-priced vehicles.
Does South Carolina's $500 sales tax cap apply to all vehicles?
Yes. The $500 maximum vehicle sales tax cap applies to all vehicles purchased in South Carolina. On any vehicle priced over $10,000, the cap kicks in and limits total state sales tax to $500 regardless of the purchase price.
Does South Carolina reduce sales tax for trade-ins?
Yes. South Carolina allows a trade-in credit — the trade-in value reduces the taxable purchase price before the 5% rate is applied (subject to the $500 cap).
Related Calculation Tools
Calculate and track other financial and legal metrics for South Carolina:
This tool is for informational and educational reference only and does not constitute financial advice. Calculations are estimates based on the inputs provided and state average data. Actual results will vary. Always consult a licensed financial advisor before making financial decisions.