My husband and I just bought an older truck as a second vehicle. We need to transfer the title into his name, and we heard there is a new way they figure up how much you pay to do that. At one time, you walked in with a bill of sale and said "I paid this much for this vehicle" and they went by that. Its a 1984 Ford pickup. Thanks if you can help.
2007-01-04 16:13:22 · 3 answers · asked by MomOfThreeBoys 3 in Cars & Transportation ➔ Insurance & Registration
That depends upon your state. Most states charge a sales tax of between 3% and 7%. A few states don't have sales tax. Then there will be $10 - $20 for the title and $20 - $50 for the tags. Call your local DMV office. They'll hook you up.
2007-01-04 16:31:23 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
In some States like Arizona, you pay nothing, in other states, like Michigan.you pay a % of the sale price, unless you and the seller work out a double Bill of Sale.One for you, and one for your Motor Vehicle Division. Yours being the real price, and the other being a trumped down price. Some states have a basic value tax guide, so you won't have to calculate diddly, nor will you need a bogus double Bill Of Sale. Just a fat wallet, and a desire to pay more BS taxes that are being wasted in foreign lands and profiting the rich elite.
2007-01-04 16:44:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends on your state - you can probably find out online at your state's DMV website. Good luck.
2007-01-04 16:21:26 · answer #3 · answered by MrSpenser 3 · 0⤊ 0⤋