NJ used car sales tax - TriStateTuners.com :: Home of Tristate Auto Enthusiast

airn · 03-29-2009, 05:15 PM

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 · 03-29-2009, 05:28 PM

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

OutToWinPAHC · 03-29-2009, 05:32 PM

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 · 03-29-2009, 05:35 PM

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

OutToWinPAHC · 03-29-2009, 05:37 PM

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 · 03-29-2009, 05:39 PM

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

OutToWinPAHC · 03-29-2009, 05:40 PM

Just ask the seller ahead of time.

screamingchicken · 03-29-2009, 09:08 PM

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 · 03-30-2009, 12:38 AM

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

03-29-2009, 05:15 PM	#1
airn Tri-State Training Wheels Join Date: May 2006 Location: Ewing NJ Member #1979 iTrader: (0)	NJ used car sales tax 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

03-29-2009, 09:08 PM	#8
screamingchicken Tri-State Aficionado Join Date: Jun 2008 Location: Denville, NJ Member #7986 My Ride: '94 Celica GT/'88 Firebird/'81 Cutlass iTrader: (0)	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. __________________ Currently accepting free Celica parts!

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03-29-2009, 05:32 PM	#3
OutToWinPAHC Tri-State Post Whore Join Date: Jun 2007 Location: Tokelau Member #5081 My Ride: R33 GTS25T, RHD E46, Truck, part R32 GTR iTrader: (2)	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.

03-29-2009, 05:35 PM	#4
airn Tri-State Training Wheels Join Date: May 2006 Location: Ewing NJ Member #1979 iTrader: (0)	I'm looking at a 2002 Z06 so i guess i cant go super low.

03-29-2009, 05:37 PM	#5
OutToWinPAHC Tri-State Post Whore Join Date: Jun 2007 Location: Tokelau Member #5081 My Ride: R33 GTS25T, RHD E46, Truck, part R32 GTR iTrader: (2)	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.

03-29-2009, 05:39 PM	#6
airn Tri-State Training Wheels Join Date: May 2006 Location: Ewing NJ Member #1979 iTrader: (0)	no kidding i'm just worried i may get in trouble. that would save me a lot.

03-29-2009, 05:40 PM	#7
OutToWinPAHC Tri-State Post Whore Join Date: Jun 2007 Location: Tokelau Member #5081 My Ride: R33 GTS25T, RHD E46, Truck, part R32 GTR iTrader: (2)	Just ask the seller ahead of time.

03-30-2009, 12:38 AM	#9
twitchh17 Tri-State Training Wheels Join Date: Jan 2008 Member #6731 iTrader: (0)	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