![]() Residency is determined by a variety of factors, such as where you work, where you are registered to vote and where you attend school. Iowa taxes vehicle purchases after rebates or incentives are applied to the price, which means that the buyer in this scenario will only pay taxes on the vehicle as if it cost $9,000. You need to get a new car registration in Iowa no more than 30 days after you have become a resident of the state. ![]() For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000. Motor Vehicle The Motor Vehicle department issues titles, liens, license plates and renewal stickers for autos, trucks, truck-tractors, motorcycles and. Many dealers offer cash incentives or manufacturer rebates on the sticker price of a vehicle in order to encourage sales. How are rebates and dealer incentives taxed? This means that you save the sales taxes you would otherwise have paid on the $5,000 value of your trade-in. In Iowa, the taxable price of your new vehicle will be considered to be $5,000, as the value of your trade-in is not subject to sales tax. For example, you could trade-in your old car and receive a $5,000 credit against the price of a $10,000 new vehicle, making your out-of-pocket cost only $5,000. To register your vehicle, visit your local IA county treasurer’s office and present: An Application for Certificate of Title and/or Registration for a Vehicle (Form 411007 ). Many dealerships allow you to trade-in your old car in exchange for a credit applied to the price of a new vehicle. Iowa law requires you to apply for an Iowa vehicle registration with the county treasurer’s office in your county within 30 days of establishing residency.
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