Is DMV will check the Bluebook price and make you pay the book price?
Thank you
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Is DMV will check the Bluebook price and make you pay the book price?
Thank you
The MV may send a letter to you the seller to verify how much you sold he unit for....that's all they can do.
CAN the seller (or you) commit fraud? Sure.Quote:
Originally Posted by Jwill
SHOULD he/you? Probably not.
Cheers
E
some states charge you blue book value unless you can prove damage or extremely high mileage.
Massachusetts says book value or selling price, which every is higher, will be basis of sales tax. We fought against taxation without representation... now we have taxation with (poor) representation! :-)
:agree:...Vermont is similar …. the only out is if you get a licensed Dealer to say it's worth less than BOOK value ….. ( not likely, and the DMV counts on that ….. Mike :ohyea:Quote:
Originally Posted by Bob L
Wonderful how the government is able to tax and then retax and etc... even though tax was paid for the full value of a car/bike at the initial purchase. By the time taxing value is done after resales.. amazing how many dollars of value taxes were imposed upon.
In Ohio at least you can deduct the value of the trade in from the purchase price and pay tax on the difference only. In Californication where I live now they tax over and over and over and then again!
So.....the right answer is: It varies by state. Ask your local DMV.
In some states they don't even call it a "sales tax" but there is a higher fee to transfer the registration to a new owner.
all complaints against taxing proceedures but keep electing the same people that screw us at every turn
Take a look at your Florida Certificate of Title. The seller must fill in the name and address of the buyer as well as the mileage on the vehicle when the title is transferred. Then the seller must sign the title attesting to the accuracy of the foregoing information. Enough said.Quote:
Originally Posted by Jwill
You all ought to come to Arizona..... But not in the summer. It's 112F now and too hot to do much riding this time of year. But private sales between two people are not taxed by the state. Arizona gets it's bite out of the apple when a vehicle is sold new or sold used by a licensed dealer. Even if a used vehicle is sold by an out of state dealer, Arizona will collect sales tax at the time of registration. So the only time we're taxed here on a used vehicle is when there is a dealer involved..... Jim
I don't know about your state but in Virginia, if the sales price declared is unusually low to where it looks like you are trying to cheat them, they will apply a Blue Book value and apply a sales or transfer tax on that amount.
If you are registering a wreck or a parts bike show them proof of that condition. Otherwise .....
Now that's something I can live with. Does Arizona have state income tax?Quote:
Originally Posted by canamjhb
Very small. For me, it is zero. My retirement income is below the amount that triggers paying any state income tax. The lack of state taxation includes all motor vehicles and licensed items like trailers. My RT622 trailer has a "permanent" license so no ongoing renewal or taxation. I bought my Spyder and trailer from an Oklahoma dealer and come to think of it, I believe I paid the state tax (5.3%) on the Spyder only. I don't think they taxed me on the trailer. But my memory fades in and out at times..... Happy to be a FORMER Washington resident. Very happy..... JimQuote:
Originally Posted by gkamer
Yes. And they make up the tax on registration fees, which are based on the MSRP of your vehicle with an annual depreciation formula.Quote:
Originally Posted by gkamer
A few years ago while living in Utah I bought an old non-running bike (1963 Matchless) and wrote down the sale price of $500. When I registered it they gave me some serious stink-eye over the price but they processed the title.
Likely varies some from state to state. No more claiming you bought/sold it for a $1.00 in MI! Beyond that; it appears (from anectodotal evidence) individual clerks at our Secretry of State Offices don't all use the same appraisal method for determining the vehicles actual value. some look it up (using what I don't know) and some just guestimate the value. The whole reason being the higher the vehicles value the more sales tax the State rakes in, and license plate costs are based on the vehicles worth. Meaning even more money for the State.
Let us know if you end up needing a file in a cake or anything! :joke:
South Carolina has an interesting sales tax system. When you buy a vehicle you pay the regular sales tax, but it caps at $300. You never pay more than $300 tax on any privately owned vehicle.
:agree: this is the right answerQuote:
Originally Posted by Easy Rider
Not only does it vary by state, it varies by what “nice” customer service person you end up with.Quote:
Originally Posted by Easy Rider
Our experience with AR and four license plates. One car, two Spyders, and one Kawi vulcan.
We paid a total of $96 for the four title transfers, and new plates. However...they are going to hit us with personal property tax for them in January. (They are one year behind on all taxes). Time will tell how that one works out.
Wow, My first bike was a 1957 Matchless in 1964. I still remember that bike well with its compression release. It was a 500 cc single cylinder. Called it a thumper. it was hard to find parts then,you may have trouble restoring it. A very neat machine. One doesant here that brand anymore. Enjoy PS,read you on the Ryker forum.Quote:
Originally Posted by Zoot
Oregon has no sales tax, but there is income tax and dozens of other ways to get into our wallets. Vehicle registration is a flat fee for all and based on what the vehicle is, not what it's worth.
Stores and shopping centers along the northern border have parking lots full of cars with Washington license plates. No income tax and they take advantage of Oregon having no sales tax, the merchants love this and so does the Oregon economy.
Quote:
Originally Posted by Zoot
My first bike was 1956 AJS 500 Thumper also (Norton, AJS, Matchless were all part of the AMC group) . After learning to start that thing kicking anything else over never bothered me again.Quote:
Originally Posted by cattleshow
In Georgia they utilize NADA guides to compare your Bill of Sale price against.