Im about to buy a car from my friends parents...its in great condition...but when I go to get registration and stuff, I will have to pay the taxes on it for the state...which is fine...no problem, but I am trying to estimate how much they will be. When I called the DMV office the recording says if I buy it from an individual I will have to pay 3% of the wholesale value.
Where can I find this information, or who knows what it is?????
Help!!!!
2007-07-27 14:26:18 · 9 answers · asked by jdslilwifey 3 in Cars & Transportation ➔ Buying & Selling
I've looked at Kelly Blue Book values, but they are not called "Wholesale"...thats what I am trying to figure out...what the hell is wholesale?
2007-07-27 14:36:37 · update #1
Whatever you want it to be, just pick my answer...lol
It's on KBB, usually under trade in/wholesale value....
2007-07-27 15:26:11 · answer #1 · answered by Jedi Master Jer-Pen Dan 2 · 0⤊ 0⤋
Assuming average condition, $1,300. This is not a wholesale figure. This is an average auction number based on a number of '92 Honda Accord EX's sold during the past week. Otherwise known as Actual Cash Value.
Used Car Dealer
2007-07-31 15:57:14 · answer #2 · answered by jefx1965 3 · 0⤊ 1⤋
Hi......i am a car wholesaler, but my book only goes back to a 1995 Honda EX, which the value is $1950 for the base model, with 120K miles. The EX 4 door V-6 with leather, has a wholesale value of $2700. These are prices for cars in good condition, deduct for higher miles or body damage. If you go to kbb.com or edmunds.com, look up your vehicle under "trade in" value. Trade in value is also the wholesale value. Good Luck!!
2007-07-27 23:06:35 · answer #3 · answered by Happy 3 · 0⤊ 0⤋
I am a car dealer. I bought a 92 Accord EX yesterday wholesale (dealers only auction) with 126K on it for $1800. Hope this helps! (KBB is useless on any car older than 5 yrs old). Oh, and wholesale is what a dealer would buy it for to resell it......this isn't really the same figure as trade in value, it's a little bit higher. New car dealerships give trade in value when you trade a car in.....then they "wholesale it". That means they take it to auction and sell it to another dealer for a profit or loss.
2007-07-27 22:38:10 · answer #4 · answered by Chris V 1 · 0⤊ 0⤋
check edmunds.com
under the used vehicle info. they will give you the wholesale, private party, and dealer prices on your car. This is one of the best places for info. I have found. And one I feel I can trust.
By the way, the wholesale value is the same as the trade-in value. (what you would get from a dealer for your car)
2007-07-27 21:40:10 · answer #5 · answered by Larry 1 · 0⤊ 0⤋
It must very state to state , because most go off the selling price . But not the question you asked . So here
http://www.nadaguides.com/usedcars.aspx?LI=1-21-1-5013-0-0-0&l=1&w=21&p=1&f=5014&y=1992&m=1195&d=581&c=16&mi=100000&vi=7987&z=34205&da=-1&nx=1
2007-07-27 21:36:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It all depends on the state you get the car in its no big deal
go down or call again and ask to speek with some one
it's only a small % any way....
2007-07-28 22:37:49 · answer #7 · answered by poppa.carson 2 · 0⤊ 0⤋
Go here:
www.kbb.com
This is Kelley Blue Book's website. It's what all of the car dealers use :) Hope this helps!
2007-07-27 21:35:19 · answer #8 · answered by Amanda K 5 · 0⤊ 0⤋
go to kelley blue book.com
2007-07-27 21:34:29 · answer #9 · answered by paulcondo 7 · 0⤊ 0⤋