Falsifying the amount paid for a car on the title

[Born2bwire]

Yea well you don't gift a car with value above your states tax limit.

I think it's 11K in NY, so when my cars value drops below that I can gift it to my mom without tax burden.

So what's your problem then?

 

[Kelemvor]

Just call the DMV. You could have solved your problem an hour ago.

Where's the fun in that? :awe:

 

[bobdole369]

This is pretty much common practice. Every single private sale of vehicle I've had my hands in was sold for $100. No issues, no calls, it was just how it was done.

 

[HybridSquirrel]

You should have had your dad gift you the car, dumbasses.

had to transfer the title between states. we couldn't "gift" the car between states. I couldn't register the car in Colorado under his name since he has a Hawaii drivers license, so I had to "purchase" it.


Dumbass.

 

[waffleironhead]

how do they check? How do they have the man power to check? This doesn't sound right.

Way back when my GF bought an older grand am for around $800. nada for the car was 2500-3000. We got a letter from the DMV about the low price. We sent them a letter back stating that if they thought it was worth more they could buy it from us. We never heard anything from them about it after that.
I'm sure the price check is automated somehow. Doesnt take many man hours to autogenerate a letter is the prices is out of line.

 

[OutHouse]

This is something where I sold the car for $650 and he said something about putting $100 on the form. I'm not expecting any issues but just wanted to know what happens if someone really does check.

If someone asked me about it, I'd tell them $650 since that's what they really paid. It wasn't like this was a personal friend or anything so I'm not out to do anyone any favors.

two bill of of sale. your copy has the agreed upon price his copy is blank..... his is blank. do the math.

 

[olds]

http://www.theunion.com/article/20111203/NEWS/111209946&parentprofile=search

 

[BoomerD]

had to transfer the title between states. we couldn't "gift" the car between states. I couldn't register the car in Colorado under his name since he has a Hawaii drivers license, so I had to "purchase" it.


Dumbass.

When we "gifted" the car to our son, it was with California plates in Wisconsin. No problems at all.

Dumbass...each state has it's own set of laws.

 

[IceBergSLiM]

Way back when my GF bought an older grand am for around $800. nada for the car was 2500-3000. We got a letter from the DMV about the low price. We sent them a letter back stating that if they thought it was worth more they could buy it from us. We never heard anything from them about it after that.
I'm sure the price check is automated somehow. Doesnt take many man hours to autogenerate a letter is the prices is out of line.

Letter doesn't prove anything though? Seriously if it is as lax as it sounds I don't know why any would put more than $100

 

[HybridSquirrel]

When we "gifted" the car to our son, it was with California plates in Wisconsin. No problems at all.

Dumbass...each state has it's own set of laws.

Well the dumbass who posted that before should've taken that into account. DMV here said the car had to be registered in the same state for it to count as a "gift". $1 purchase and $345 tax was still worth it.

 

[Bacstar]

Now what happens when you trade in a car for a certain amount? Is there a whole set of different tax rules involved? Just curious, I just had a trade-in and nothing was said by the dealer, so didn't think anything of it until I started reading this thread.

 

[EagleKeeper]

Now what happens when you trade in a car for a certain amount? Is there a whole set of different tax rules involved? Just curious, I just had a trade-in and nothing was said by the dealer, so didn't think anything of it until I started reading this thread.

Dealer handles that paperwork.

The value of the trade in written on the sale paperwork.
That handles the sales tax issue

The registration is based on the value of the vehicle being registered.
that information is on the sale receipt also. It is what you and the dealer agreed on and you paid.