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02-11-2010, 11:57 PM
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#1 |
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Tri-State Addict
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trading cars?! help
im pending a trade with a guy about 2 hours away from me..i was wondering what is the step to getting a trade done without gettin rapped on taxes and such?
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06 rsx-sold 05 is300-sold 08 boosted civic si- sold 94 boosted civic-sold 11 lancer-current |
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02-12-2010, 12:11 PM
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#3 |
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TST Ruined My Life!
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You can't. When you do a title transfer, the selling price get sent to the DMV along with the title. If the selling price is reducoulous VS was they value the car at, they can send you a bill for the difference in tax. Just be legit and stop being a cheap ass. You gotta pay to play.
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2014 Mustang GT performance package, M6, Brembo brakes, Torsen diff with 3.73, Steeda CAI with 101mm MAF, ST coilovers with caster/camber plates, BMR lower control arms, BMR watts link, BMW sway bars with end links, front brake cooling ducts, SR short shiffter, and custom tuned |
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02-12-2010, 12:26 PM
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#5 | |
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Tri-State Post Whore
Join Date: Mar 2008
Location: Marietta, PA
Member #7051
My Ride: 2002 5mt IS300, 1995 s14 iTrader: (3)
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if you declare the value of your vehicles the same, there will be no sales tax.
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02-12-2010, 02:36 PM
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TST Ruined My Life!
Join Date: Nov 2005
Location: Downingtown. PA
Member #1050
My Ride: 2008 Evo X GSR, 2002 Honda CRV iTrader: (0)
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02-12-2010, 12:41 PM
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#8 |
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Tri-State Post Whore
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i think there is a min amount you have to pay like should say on the back of the title, just say 100 dollars and pay the few bucks taxes
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Why V-tec When there is To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. ? |Nikon| Twitter:
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02-12-2010, 12:46 PM
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#9 |
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Tri-State Post Whore
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what is your car, what is the car you are trading for? if you dont set up up legitimately, the state will just asses taxes based on their values for the car. as long as you are in their range, you are fine. if the cars are of similar/equal value, you wont pay much at all.
long story short, youre not going to win but you dont have to totally lose.
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current: triumph, abarth gone:RS4 evo lotus(s) noble and a bunch of jeeps |
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02-12-2010, 07:38 PM
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#11 |
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Tri-State Post Whore
Banned
Join Date: Jan 2009
Location: all over
Member #10595
My Ride: Does not hit mivec anymore.(DD) 06 solstice 5 speed. 84 IMSA Fiero5 speed. 87 Fiero GT 5 speed iTrader: (0)
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Tell them it was a straight up trade and it will go under as a gift catagory. I did this when trading fieros last year. No taxes no hassele.
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02-13-2010, 10:38 AM
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#12 | |
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Tri-State Post Whore
Join Date: Dec 2006
Location: Denver, Pa
Member #3161
My Ride: compensates for my size. iTrader: (6)
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If you are in PA: You tell the notary that your are swapping cars even up. They ask you to assess a value to the cars (make sure you say both are worth the same amount) they fill out a form that gifts your car to the other car and his to you. No taxes paid, just notary and title/registration fees. I've done this many,many times with no issues, as long as you go to a decent notary things should be painless.
Feel free to pm me if you want me to elaborate.
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06' Nissan Frontier 95' Bmw 318i v8. wait what? Quote:
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02-13-2010, 11:47 AM
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#13 | |
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Tri-State Post Whore
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^ Dude you can't be serious with your avatar, LOL!
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Champ White 1996 Civic Hatch - To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. Quote:
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