I picked a 02 Z06 yesterday. The car was not financed and the seller wants me to fill in whatever price I want in the transfer form. If I put down something like 5k on both, the Release of Liability and Transfer of Title, will the DMV care? or will they force me pay taxes on the blue book value? How does it work? State is California.

 

Umm, no. Not a good idea. I'm sure they would have something to say about that.

 

You could fudge it a little bit, but 5,000 is pushing way over.
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Say the PP is $30,000.00 I would think you could get away with 20,000.00 something like that.

 

for this precise reason i was very tempted to buy our car in delaware (no state sales tax). we bought it in pa & gave rendell & the rest of his crooks their appointed due. bub

 

Can you I do [jail house bride. ]

 

Having to pay each time you tranfer is a pure crap. Taxing the vehicle once is plenty. The DMV just rots, plain and simple.

 

Would you explain?

 

Fudging that much is too much, Sure to raise a red flag...Taxes are fact of life, no one likes it. But buying in another state is not the answer, it happens all the time...When you but a car and are not resident of that state, you simply don't pay THAT state, But...When you register the car in your state, THAT's when you pay (new or used car) On a situation like yours, you can get away with something reasonable...But $5,000.....That's like saying "Helloooo...Look at me!". My take is "don't ask for trouble"

 

Vehicle tax and registration laws and rules vary considerably among the states. Folks within your state can probably better address your questions/concerns here and you might want to post this over in the Pacific regional section of the Forum. Some of the CA folks who hang out there may seldom make it here to C5 General. Good luck.

 

Integrity man. Pay the tax that is due.

There are better ways to stick it to the man in the people's republic of kalifornia

 

Oh Yeah, I forgot he's in "Mexifornia"....Everthing there is $$$ I understand, Could be worse, "Taxachuettes" Look on the bright side, You can afford a nice, fun car! Enjoy.

 

Yup! Used car taxes are a big racket. I was pissed when I found out the taxes I had to pay on my car that I bought used that had already been taxed when it was new. What a scam. Oh well. I sucked it up and paid. I could pay the taxes but couldn't afford any jail time.

 

Did you say he gave you the car?

 

In KY they use the book value, not the selling price.

 

I used to "fudge" the purchase price on private owner deals, but it is no longer possible in Washington state. They charge taxes on the book value unless you have documented proof of wrecked condition. They have special books for the registrars of "collector and special interest vehicles" also, so you can't even sneak an old one through. I have actually paid taxes on a higher value than I truly paid for the car rather than go through the hassle of notarized statements and inspection reports on older classics.

Good luck, and enjoy the ride!

 

haha I wish! No, I paid for 32.5k for it.

Guys, I'm not trying to cheat the tax system. I've purschased plenty of cars and I have no problem paying taxes on a brand NEW vehicle but to keep taxing the same vehicle over and over on change of hands is a bit much.

 

Lived in CA most of my life, finally escaped. If the price is way off what would be reasonable, and $5000 would qualify as way off, the DMV will charge you based on fair market value.

 

[QUOTE=Guys, I'm not trying to cheat the tax system.[/QUOTE]

You sure fooled me!

 

I'll put it aroud 20k and see what they say. Thanks guys.

 

[QUOTE=Old One]Let's see. I've never complained about income taxes or bonus taxes and the special tax bracket for bonuses. When I complain about something obviously unfair, don't give me the "holier than thou" crap. If you feel that paying sales tax on the same vehicle over and over is a good deal, then by all means, help out your local DMV and buy a 50K car each month and sell it. They'll love you plenty and you'll make up for all of us, trying to "screw" them over.