NADA will screw you over
Melting Slicks
Joined: Dec 2016
Posts: 3,193
Likes: 184
From: Central Bucks County, Pennsylvania
Burning Brakes
Joined: May 2018
Posts: 797
Likes: 156
From: England AR
350ish a year sir and the car is yours along with the check if anything happens and I couldn't be happier
Is my vette stock?? HAHA
Joined: Oct 2015
Posts: 20,239
Likes: 9,379
From: Im not allowed to tell you
2020 C3 of the Year Finalist - Modified
2020 Corvette of the Year Finalist (performance mods)
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I lived in UTah and Massachusetts. Im not very happy here in Mass any more with the liberal Gov. Its amazing as most of the people outside of Boston are for the majority, conservative. Go figure. I'm surprissed the state isnt bankrupt like california
Thread Starter
Racer
Joined: Mar 2018
Posts: 399
Likes: 53
From: wilmington Ma
What I find funny is two guys talking about high taxes, one from Massachusetts and the other from Maryland. Liberal cesspools both of them A liberal never met a tax they didn't like. Don't like it there are two things you can do:
1. Move
2. Stop electing liberal socialists
1. Move
2. Stop electing liberal socialists
1. Mother in law lives here so no moving unless divorce lol
2. I am with the group that votes Trump , and against every politician that is Dem , unfortantly we do not have the numbers to ever win.
Drifting
Joined: Apr 2011
Posts: 1,689
Likes: 174
From: Deerfield Illinois
2022 C3 of the Year Finalist - Modified
C3 of Year Finalist (appearance mods) 2019
I love NADA. It says my ‘69 is worth $63K average, $82K high. Woohoo! Soon as it gets out of the shop, it’s up for sale!
BTW, you all know why the State does this. People do a bill of sale for some fictitious amount to reduce their tax.
Come On, Man. If nobody cheated, they wouldn’t have to do this. Some bad apples ruin it for everyone. Although I’m sure there are a few here who see nothing wrong with cheating the State out of tax revenue...
BTW, you all know why the State does this. People do a bill of sale for some fictitious amount to reduce their tax.
Come On, Man. If nobody cheated, they wouldn’t have to do this. Some bad apples ruin it for everyone. Although I’m sure there are a few here who see nothing wrong with cheating the State out of tax revenue...
yeah that's what my tax guy said. You bought a 68 Corvette for $2500 dollars????
It RRReeeaaaalllly needs work I said !
Race Director
Joined: Jul 2015
Posts: 13,082
Likes: 3,399
From: SW Florida.
CT back in 80's they used to charge property tax on cars like houses. Did same thing. Used rediculous book value. Every state that charges sales tax taxes car sales. If you bought that previously mentioned couch from Goodwill or consignment shop, it would be taxed. Recently NJ has been sending tax bills out to people for book value cuz their reported price was too low. It is not just Massholes, although their "whichever is greater" does rather take the cake.
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Racer
Joined: Jan 2016
Posts: 419
Likes: 58
From: montreal quebec
tax from state.
Well, you guys get off cheap, in Montreal quebec, they have a 'red book' this book is updated every week, where does info come from, well it comes from the 'sales' of the week before, so they say u must pay ""15%"" tax on car, on the book value, but wait, they TELL you what the value is, then use THAT info to tax YOU> catch 22, and the buggers get away with it. can you guys see what they are doing, they say the price and then use the same info for the update. I cannot belive they get away with it, and let me tell you, the prices they
have are very high, I just sold my terrain 2012 for $8,000, the poor guy that bought it paid tax on $14,000. I hope someone wakes up to this theft from govenrment in quebec.
have are very high, I just sold my terrain 2012 for $8,000, the poor guy that bought it paid tax on $14,000. I hope someone wakes up to this theft from govenrment in quebec.
Team Owner
Joined: Jun 2001
Posts: 23,381
Likes: 1,067
From: Virginia USA
2.
Le Mans Master
Joined: Sep 2013
Posts: 6,192
Likes: 750
From: near the thumb in the mitten
When 66 Mustangs started selling for 12k it all changed. Getting a private seller to leave price as fill in the blank. I bought several cars the title was only signed. States need the revenue. In Virginia beyond sales tax to dmv there is personal property tax to the city annually. There's is a form for tax relief for beaters reassessing value. If you reassess value to 4k IDK if you could insure it for 8k. You stated it was only worth 4k.
Team Owner
Joined: Oct 2004
Posts: 81,241
Likes: 3,063
From: altered state
St. Jude Donor '05
Car dealers love NADA the average joe knows thats bs....ask nada $ all day try getting it. CL is full of that stuff-
Drifting
Joined: Jun 2008
Posts: 1,495
Likes: 134
From: Blanco County, TX
http://www.txdmv.gov/spv-calculator
Texans who buy a used vehicle from anyone other than a licensed vehicle dealer are required to pay motor vehicle sales tax of 6.25 percent on the purchase price or standard presumptive value (SPV), whichever is the highest value.
Instructor
Joined: Feb 2018
Posts: 191
Likes: 27
From: Michigan
Same here in Michigan.. HOWEVER, registration/license fees are based on the MSRP of the car when it was BRAND NEW if after 1981 I believe.. so we get boned that way..
Melting Slicks
Joined: Dec 2016
Posts: 3,193
Likes: 184
From: Central Bucks County, Pennsylvania
Man! I guess those of us in PA should be thankful! We pay 6% on what we paid for the car just one time and that price is by your sales receipt. Taxes are collected at the time you transfer title. Your receipt is the last word for the value assessed.
Thread Starter
Racer
Joined: Mar 2018
Posts: 399
Likes: 53
From: wilmington Ma
Not sure its a silver lining I can write off the sales tax against federal income ,
