How much should I try to lower the price on a used 2003 Acura 3.2TL TypeS? And do I have to pay sales tax on the purchase? What if the seller insists that I pay the tax, does that mean he's not being honest with me?
2007-05-14 20:24:38 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You don't pay the seller the tax, but of course you have to pay it. Otherwise, everyone would buy cars from private sellers if the tax was free! You have to pay it to the registry when you inform them of the new purchase. If you give it to him, you're just throwing money away, because he isn't the government, or a business, so shouldnt be collecting taxes. lol. . . .Also, as far as lowering the price, it depends what he is asking, what book value is, and what you've seen other similar cars priced at. When people sell cars, they make it clear right away if they are willing to take a best offer, bargain, or just take only the asking price. Most people are usually willing to go down about $1,000 or so, unless they are desperate and need to sell quickly. That doesn't happen too often, but it can, and then you'll see people just taking the first offer they get that is somewhat reasonable. Do some research, and make a good deal and don't try to rip the seller off.
2007-05-15 04:33:40 · answer #1 · answered by ShouldBeWorking 6 · 3⤊ 0⤋
Private Car Sales Tax
2016-11-04 02:25:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The correct term is use tax. You will pay the use tax when you register the vehicle at DMV. In CA, the use tax rate that you will be charged is based on your registration address (usually this is where you live). For example, if your registration address is in Santa Clara, CA the use tax rate is 8.25%. The use tax rate will be applied to the selling price of the vehicle. NEVER pay the sales tax to a private seller. If you do, you will just be giving the private seller extra cash. On top of that you will pay the tax to DMV when you register...you will then have paid the tax twice. Most likely, the private seller is not registered with the state to legally collect and remit sales tax. FYI...the sales tax rate and the use tax rate can be different rates, depending on the state. In CA, the rates are the same, but AZ is different. FYI... Sales tax applies when the transaction is an intrAstate transaction (ie CA to CA) between a properly sales tax registered business and the customer. Use tax applies when the transaction is an intErstate transaction (ie NM to CA). Use tax also applies when the seller is not properly registered to collect tax.
2016-03-18 23:55:07 · answer #3 · answered by Anonymous · 1⤊ 0⤋
You pay the tax at the DMV or tag agency when you register the vehicle. You NEVER pay the tax to a private seller!
2007-05-15 00:19:10 · answer #4 · answered by Bostonian In MO 7 · 3⤊ 1⤋
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You will pay it when registering the title in your name. You will be asked the purchase price you paid to the seller, and then asked to pay the proper tax to the county.
2016-04-06 02:30:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes ya do....
Ask for a receipt for the tax you paid. It shuld bear the sellr's tax registration number, tax paid, details of purchase and a stamp or seal of the seller. Then you are free of tension, dear!
2007-05-14 20:29:02 · answer #6 · answered by Anonymous · 0⤊ 3⤋
you pay tax on it when you register it. your best bet is to fudge the sale price to a reasonable number this way you dont get to hurt by big brothers greedy hand.
2007-05-15 02:34:37 · answer #7 · answered by dannyboyhimself1978 2 · 2⤊ 2⤋
nooooo u dont pay sales becuz the city doesnt know that hes saleing his car. if he tells u 2 pay sales tax walk away!!!
2007-05-14 20:29:42 · answer #8 · answered by godc280 1 · 0⤊ 3⤋