Amount of cars youre allowed to sell per year in New Jersey - TriStateTuners.com :: Home of Tristate Auto Enthusiast

twitchh17 · 07-08-2010, 01:57 PM

Does anyone know the limit of cars you're allowed to sell per year before you have to get a dealers license?

SupraMan1784 · 07-27-2010, 09:27 AM

i think its 6......might have to double check me on that, but last time i read up on that it was 6....someone recently told me they bumped it down to 5, but i havent flipped cars in a while.

420sx · 07-27-2010, 09:41 AM

Six sounds right to me too.

Just have the PO sign the title, and dont transfer it into your name. Just put it right into the new owners name.

SupraMan1784 · 07-27-2010, 10:02 AM

i thought it was illegal to have a floating title and sell the car as a "ghost" avoiding all taxes and fees. dont you have to have the car/title in your name before you can legally sell it?

at least thats how i did it before...

thefro526 · 07-27-2010, 10:05 AM

Quote:

Originally Posted by SupraMan1784

i thought it was illegal to have a floating title and sell the car as a "ghost" avoiding all taxes and fees. dont you have to have the car/title in your name before you can legally sell it?

at least thats how i did it before...

I know a guy that "Ghosts" titles all the time, and he probably moves about 15-20 cars a year, though he doesn't re-sell them all.

Technically, I believe it is illegal but it's extremely difficult to prove.

420sx · 07-27-2010, 10:08 AM

^^What he said.

Its even easier if the car you bought came from a different state. No notary needed, just have em sign the title over, and off you go. No sense in paying taxes and fee's twice- the govt already has their hands deep enough into my pocket.

Its like lying about what you paid for the car to pay less taxes... Everyone does it, its impossible to prove or prosecute.

SupraMan1784 · 07-27-2010, 11:17 AM

ahh ok....i guess thats how most people move more than the 6 car limit without having a dealer's license. good info guys. thanks.

07-08-2010, 01:57 PM	#1
twitchh17 Tri-State Training Wheels Join Date: Jan 2008 Member #6731 iTrader: (0)	Amount of cars youre allowed to sell per year in New Jersey Does anyone know the limit of cars you're allowed to sell per year before you have to get a dealers license?

07-27-2010, 09:41 AM	#3
420sx Tri-State Post Whore Join Date: Oct 2006 Location: Warrington, PA Member #2811 My Ride: '98 240sx, 98 Impreza L, 00 SV650 iTrader: (5)	Six sounds right to me too. Just have the PO sign the title, and dont transfer it into your name. Just put it right into the new owners name. __________________ loltst

07-27-2010, 10:08 AM	#6
420sx Tri-State Post Whore Join Date: Oct 2006 Location: Warrington, PA Member #2811 My Ride: '98 240sx, 98 Impreza L, 00 SV650 iTrader: (5)	^^What he said. Its even easier if the car you bought came from a different state. No notary needed, just have em sign the title over, and off you go. No sense in paying taxes and fee's twice- the govt already has their hands deep enough into my pocket. Its like lying about what you paid for the car to pay less taxes... Everyone does it, its impossible to prove or prosecute. __________________ loltst

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07-27-2010, 09:27 AM	#2
SupraMan1784 Tri-State Aficionado Join Date: Nov 2008 Member #10307 My Ride: 2005 Lexus IS300 5-Speed iTrader: (0)	i think its 6......might have to double check me on that, but last time i read up on that it was 6....someone recently told me they bumped it down to 5, but i havent flipped cars in a while.

07-27-2010, 10:02 AM	#4
SupraMan1784 Tri-State Aficionado Join Date: Nov 2008 Member #10307 My Ride: 2005 Lexus IS300 5-Speed iTrader: (0)	i thought it was illegal to have a floating title and sell the car as a "ghost" avoiding all taxes and fees. dont you have to have the car/title in your name before you can legally sell it? at least thats how i did it before...

07-27-2010, 11:17 AM	#7
SupraMan1784 Tri-State Aficionado Join Date: Nov 2008 Member #10307 My Ride: 2005 Lexus IS300 5-Speed iTrader: (0)	ahh ok....i guess thats how most people move more than the 6 car limit without having a dealer's license. good info guys. thanks.