Lawmakers Approve Increase In New Car Fee

ANNAPOLIS, Md. (AP) — Maryland lawmakers have raised another fee to help balance the state’s books.

A budget conference committee decided Tuesday to raise a fee that car dealers are allowed to charge for paperwork related to buying a new car. The fee will go from $100 to $200 for the next three years and $300 a year after that.

The state will generate about $6 million a year at first from the fee increase. Car dealers generally work the fee into a vehicle’s price, but it’s not a mandatory fee. People can negotiate the fee when buying a car.

A separate certificate-of-title fee also has been increased from $50 to $100, but it exempts rental car sales for three years. That fee increase is estimated to raise about $48.6 million for the state.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

More From CBS Baltimore

Track Weather On The Go With Our App!
Your Podcast Network Play.it

Listen Live