Trading a car: sales tax when registering?
#1
Trading a car: sales tax when registering?
Anyone know how this works in Virginia? If I were to trade a car straight up for another car or + cash, what would the sales tax be on the car when I go to register it? Would it be based off just the amount of cash exhanged or the fair market value of the vehicle traded in plus the cash?
#2
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how we do it in maryland, it may be illegal but the dumb broads at the DMV don't care. I just write in some silly number. when I registered my 88 over a year ago i put in that i bought it for 500. i originally payed 1500 for it. the people at the dmv don't care, they just want to get off of work from the shitty job they do.
#6
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if your car is older model like NADA won't show the price for it, then MVA won't care. if you are registering a newer car like 2000 model, you can't put down $500, and expect those guys are stupid. Governments are not fool. if you want to get away with the tax, just notarize it. no trouble.
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#9
FLY NAVY
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500 bucks should work, when i bought my 7 in tennessee a few years back, tried 100, the lasy looked at me like i was crazy, so i aksed her what "should" i write down, and that what she said. Even though i paid 3 gs. I know virginia is a communistwealth, and has crazy rules when it comes to this, but start there and act dumber then the clerk, and you should be good.
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Originally Posted by Rob XX 7
so your telling me that in certain states even if relatives give each other a car they still pay taxes on it?
#13
Senior Member
there's a box for you to write the amount of money you bought it for, and they take a percent off of that ammount. $500's generally believable for a FC, however fong says, newer cars you probably won't get away with $500.
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automobile, car, cars, gift, motor, nonrelative, registering, sales, straight, tax, tennessee, trades, trading, vehicle, virginia