NJ used car sales tax

[airn]

Does the DMV call you out if you have a bill of sale with a sale price way lower than the value of the car?

anyone have experiance with this?

thanks

[agoodall]

could you just say there was something wrong with the car and it needs work to justify the price difference?

[OutToWinPAHC]

Depends on how low. If the car is older most DMV's wont care. I paid " $50.00" for my 240sx according to my bill of sale. I sold my motorcycle for 5700 and I wrote the bill of sale for 2500 to help the kid out a little. No one questioned that one either. Its matter of how far fetched it is. I was like yeah I bought this 240sx with a blown engine. It was also 15years old at the time. If you try that with a new car obviously worth then they may question it.

[airn]

I'm looking at a 2002 Z06 so i guess i cant go super low.

[OutToWinPAHC]

You can go as low as 10K on that. I had the chance to buy my boss's last year for 21K. Just say hes selling me this car, but it has a transmission or a clutch problem if they ask.

[airn]

no kidding i'm just worried i may get in trouble. that would save me a lot.

[OutToWinPAHC]

Just ask the seller ahead of time.

[screamingchicken]

I did that a couple of times when I had a NJ license, they didn't care. But I heard of some people getting a bill in the mail for 10% of the blue book value. So hit or miss, I guess.

[twitchh17]

you can write any price as long as its a old car and yeah. example my 240 i "paid 500" on the bill of sale. old cars are more legit to do