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| *Loan,banking and credit>>>car tax |
How do I buy a car from a private party without paying the taxes at the DMV? |
How do I buy a car from a private party without paying the taxes at the DMV? on the title where it says price of vehicle you can try to put 'gift" and see what they say, but what I always do is put down a lower price than I actually paid so I pay less taxes, that's a lot more believable to them and easier to get away with. Depends on the state you live in, but most states don't charge tax on a used vehicle, as the tax was paid when the vehicle was originally purchased. The difference would be if you are bringing in a vehicle from out-of-state. Check your local DMV website. In california you don't. They need to see the bill of sale to verify. If the amount is too low, the will check the blue book value and it is up to you to prove that you really bought for less. You can get the seller to put down a much lower price than what it actually was on the receipt or bill of sale. This way the tax will be much less than it would have been on the full amount. However, there is a problem if you should find a defect in the car during the first couple of days or so. Then the seller would legally only be required to refund the lowered amount that was on the receipt or bill of sale. Frankly, I don't it's worth it. Too risky. if the amount of the taxes are a deal breaker then I suggest that you buy a cheaper car ---------- being a dishonest person will not get you anywhere --- if the state catches up with you on the tax deal then is it worth the savings of $150.00 or something near that ..... lawyer and court costs are much more than the tax on the car..............BUT if you really are going to cheat the state then Please allow me to wish you good luck ...... It does depend on the state, but most charge a "registration" or tax every year on each vehicle that is registered and licensed in that particular state. You will also have to pay a small fee to have the title of the automobile you are buying changed from the previous owner's name to yours. There is no real way around the whole mess, I truly wish there was. The gift idea sounds great, but regardless of the circumstance, the registration tax and licensing fees will still have to be paid. |
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