Buying a car from a private owner outside the state of FL?
#1
Join Date: Mar 2004
Location: florida
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#7
Join Date: Mar 2004
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#8
Originally Posted by turbomaxima
have done or would do? need some concrete advice, don't want to cause any trouble.
congrats on the purchase, but if you're looking for a local m3 one of my buddies is selling his black 02 SMG hardtop for a pretty good deal.
#9
Originally Posted by turbomaxima
have done or would do? need some concrete advice, don't want to cause any trouble.
It's a loophole for sure, but I wouldn't put anything too outrageous for the price.
As far as paying taxes, I purchased my car in VA and paid MD taxes as part of its MD registration.
#12
I HAVE A FRIEND... who bought a car cash from someone and put down on the title TRADE... as in traded his car for hers, and never had to pay taxes on it...
MY FRIEND... has done this with the last 3 vehicles he's bought and works every time...
BTW, turbomaxima, any more pics of the vehicle in your avatar?
MY FRIEND... has done this with the last 3 vehicles he's bought and works every time...
BTW, turbomaxima, any more pics of the vehicle in your avatar?
#13
Originally Posted by NathanJax
I HAVE A FRIEND... who bought a car cash from someone and put down on the title TRADE... as in traded his car for hers, and never had to pay taxes on it...
MY FRIEND... has done this with the last 3 vehicles he's bought and works every time...
BTW, turbomaxima, any more pics of the vehicle in your avatar?
MY FRIEND... has done this with the last 3 vehicles he's bought and works every time...
BTW, turbomaxima, any more pics of the vehicle in your avatar?
#14
Check before you buy. I think the State of Florida implemented a new law recently similiar to the old impact tax. It was mentioned to me when I renewed my insurance and had to have my car inspected a a state site. Due to the significant increase in fraudulent claims in Florida changes were made. I don't know all the details as my car was purchased here but I heard there were issues with auction houses buying cars from out of state. I assume it would apply to any vehicle. Check it out before you buy so you know what it will cost in additional fees when you register it. Yout insurance agent should be able to give you some insight.
#15
Originally Posted by BlueDevilBAMF
I was always wondering about vehicle trades... do you really not pay any sales tax on the trade? That's pretty dope.
My father is a mechanic and there was a guy with 2 broke down cars, he said he'd give him 1 of the cars for getting the other one working. Dad spent $1000 to get BOTH cars working, and kept one for himself. He put trade on the title because he traded out work for the car...