2006-12-11 20:28:36 · 6 answers · asked by juandeldiabblo 2 in Cars & Transportation ➔ Buying & Selling
Yup! Had to pull out my checkbook and write a check for over $1,000.00 to pay the tax on my current ride. Ouch!
2006-12-11 23:06:25 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You most definitely do and don't try to be slick and say that you bought the car for way below book value so you can save money on taxes, the DMV doesn't look kindly on that ruse.
True story; When I was a kid my dad gave me his 1967 Plymouth Fury III but I had to register it , insure it and otherwise pay for it myself-
nice gift
When I went to register it as a gift DMV asked me what was the monetary value of the service i performed that would make me earn this gift ?
In vain I tried to explain the father son thing but ultimately gave up out of sheer frustration and paid the appropriate taxes.
That car would soon become a love machine But that's another story.
2006-12-12 09:10:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They will get it in one form or another. Depending on the state they may not call it "sales tax" per se. Perhaps it will be "Federal Excise Tax" or something similar, but when you bring in the title to be changed over they will ask you what you paid. You will pay some fee on that amount, unless they think it's way too small of an amount and then they will base the fee of the worth of the vehicle according to their little book of numbers.
2006-12-12 04:33:05 · answer #3 · answered by oklatom 7 · 0⤊ 0⤋
yes or they will not register it. tax goons have to get their share too , the loosers.
2006-12-12 04:30:50 · answer #4 · answered by scooprandell 7 · 0⤊ 0⤋
it's the government man , they always get their pound of flesh
2006-12-12 07:17:41 · answer #5 · answered by sterling m 6 · 1⤊ 0⤋
yup,
2006-12-12 04:30:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋