Va Taxes on Used Cars
01-06-2007, 12:15 AM
#1
Instructor
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Va Taxes on Used Cars
I was reading this post http://forums.corvetteforum.com/show....php?t=1590845
and now I'm wondering what's going to happen here, in Va when I take the title down to VA's DMV. How will the tax be assest, stated value, blue book value or something else. I'm purchasing from a private owner & waiting on the title to register the vehicle in my name.
and now I'm wondering what's going to happen here, in Va when I take the title down to VA's DMV. How will the tax be assest, stated value, blue book value or something else. I'm purchasing from a private owner & waiting on the title to register the vehicle in my name.
01-06-2007, 07:28 AM
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Burning Brakes
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St. Jude Donor '07
I live in VA, and just did mine the beginning of the month. I paid $28K for my '04, and they used my bill of sale. Appraised on Edmunds my car would retail for $34K, I paid tax only on the amount of my bill of sale.
The sales tax was 3%, so I was in the neighborhood of $840. I was thrilled, I came from CT, that tax would be double there!
John
The sales tax was 3%, so I was in the neighborhood of $840. I was thrilled, I came from CT, that tax would be double there!
John
01-06-2007, 07:50 AM
#3
Team Owner
I live in VA, and just did mine the beginning of the month. I paid $28K for my '04, and they used my bill of sale. Appraised on Edmunds my car would retail for $34K, I paid tax only on the amount of my bill of sale.
The sales tax was 3%, so I was in the neighborhood of $840. I was thrilled, I came from CT, that tax would be double there!
John
The sales tax was 3%, so I was in the neighborhood of $840. I was thrilled, I came from CT, that tax would be double there!
John
Chuck
01-06-2007, 11:55 AM
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01-06-2007, 05:08 PM
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3%
3% is right and it is usually the amount stated on the title ( on a VA title) at the bottom that you paid for it.
Black & Tan, I see you live in Deerfield, I live just down the road south of hot springs 8 miles on 220 near the Bath & Allegehny line.Shoot me an email and maybe we can chat on the area, I see you are new here.
I am searching for a Z06 and iching to buy!!! BIG TIME !! All the pics on this site nad a couple other vette sites really have given me the itch BAD !!!
hooverracing17@hotmail.com James Hoover
Black & Tan, I see you live in Deerfield, I live just down the road south of hot springs 8 miles on 220 near the Bath & Allegehny line.Shoot me an email and maybe we can chat on the area, I see you are new here.
I am searching for a Z06 and iching to buy!!! BIG TIME !! All the pics on this site nad a couple other vette sites really have given me the itch BAD !!!
hooverracing17@hotmail.com James Hoover
01-06-2007, 08:08 PM
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Thanks everyone for your imput. I'm worried now because the car I've purchased from a private seller has every option available on the indow sticker included with very, very low miles. I'm about to get 
for taxes.
for taxes.
