Question on private car taxes
#11
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Well I knew that you don't pay the sales tax to the private owner, I own a business that deals with sales tax so I know a little bit about it, but for this I had no clue if I did or didn't because some of my close friends and family were telling me different things.
#12
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No sales tax ads are typically because they absorb the tax into the purchase price and while they tell you ...No tax..they still pay it.
#13
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Originally Posted by BillBoost37
In CT..if the car is less than 7 years old.. you pay taxes on blue book.
Welcome to Ct... bend over.
Welcome to Ct... bend over.
#14
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As another poster said, check with your state'* DMV.
Some states tax a percentage based on a Blue Book value, others based on the sale price written by the seller on transfer title. Many tax again each year at registration time out to "x" number of years on a declining scale, starting from that initial value. Many pile on a "luxury" tax or a "gas guzzler" tax, depending on the make and model. Some (like CA) throw in an "extra" tax if the car comes from out-of-state.
My friend, the only way to avoid taxes is to be filthy rich
Some states tax a percentage based on a Blue Book value, others based on the sale price written by the seller on transfer title. Many tax again each year at registration time out to "x" number of years on a declining scale, starting from that initial value. Many pile on a "luxury" tax or a "gas guzzler" tax, depending on the make and model. Some (like CA) throw in an "extra" tax if the car comes from out-of-state.
My friend, the only way to avoid taxes is to be filthy rich
#15
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Originally Posted by bonnie94ssei
Originally Posted by BillBoost37
In CT..if the car is less than 7 years old.. you pay taxes on blue book.
Welcome to Ct... bend over.
Welcome to Ct... bend over.
#16
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Here in Texas, you either have to pay an additional percentage sales tax, private or not, or you have the option of paying a "Gift Tax" if the person is willing to document it as a "gift" to you, lol
#20
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Wow, I can't believe that.Very cool.
Here you pay on the "sales price", but if it is less than Blue Book value the seller has to give a signed statement as to why they are selling for that.
Here you pay on the "sales price", but if it is less than Blue Book value the seller has to give a signed statement as to why they are selling for that.