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Message
Cash transaction for a car, do I have to get it registered and pay sales tax?
Posted on 7/31/18 at 1:15 pm
Posted on 7/31/18 at 1:15 pm
Been a long time since I have done this but I was told by the fricking notary that I MUST register my vehicle and pay sales tax on it for her to notarize the bill of sale. All I want to do is buy a little shite car from a guy, put it in my garage, and tinker on it. It's probably 2 years from being road worthy. Just a money grab by this bitch, right? I suppose one option would be to not notarize the bill of sale but then it won't be valid when I do want to register the car a couple years down the road.
11
Posted on 7/31/18 at 1:16 pm to toosleaux
Yes and yes
Posted on 7/31/18 at 1:18 pm to fightin tigers
quote:
It has a title?
Yes. Been sitting in a garage for about 5 years. Owner died, son got it in a probate succession and I am paying cash.
Posted on 7/31/18 at 1:19 pm to toosleaux
AFAIK all you need for her to notarize the Bill of Sale is for her to witness the $ change hands and the signing over of the title. Of course, the amount specified on the title must match the amount that changes hands.
You'll need to register it and pay taxes before you get a license plate, but that's none of notary's business.
You'll need to register it and pay taxes before you get a license plate, but that's none of notary's business.
Posted on 7/31/18 at 1:20 pm to toosleaux
I would assume you would pay sales tax since you did indeed partake in the sale of good. But I cannot see why you would need to register
Posted on 7/31/18 at 1:20 pm to toosleaux
No. I have bought cars without registering. You just want a title transfer nothing else.
You do have to pay sales tax though
You do have to pay sales tax though
This post was edited on 7/31/18 at 1:21 pm
Posted on 7/31/18 at 1:20 pm to toosleaux
Let me warn you now. YOU MUST REGISTER THE CAR IMMEDIATELY. I bought a Corvette to restore last year. It didn't run, it is a complete restoration job.
I went down to the DPS recently to register it (mind you it still doesn't run) because I wanted to go ahead and get an antique plate and get insurance on it since I am putting some serious cash into it.
Turns out I got nailed with a hefty fine, interest and late charges for not registering within 30 days of purchase. DPS will arse rape you and smile about it. The fact that the car wasn't and still isn't road worthy does NOT matter. If it has a VIN you have to register it. Complete and utter bullshite.
You have been warned.
The posters above are correct in that notarizing the title has nothing to do with the registration. You pay the taxes when the title is transferred but they are 100% wrong about not registering it right away. No clue if this is new or not but the first thing DPS did was look at the date of the title transfer and begin the raping. In hindsight, this is probably why they require you to use a notary for the title transfer. To get an accurate date of purchase.
I went down to the DPS recently to register it (mind you it still doesn't run) because I wanted to go ahead and get an antique plate and get insurance on it since I am putting some serious cash into it.
Turns out I got nailed with a hefty fine, interest and late charges for not registering within 30 days of purchase. DPS will arse rape you and smile about it. The fact that the car wasn't and still isn't road worthy does NOT matter. If it has a VIN you have to register it. Complete and utter bullshite.
You have been warned.
The posters above are correct in that notarizing the title has nothing to do with the registration. You pay the taxes when the title is transferred but they are 100% wrong about not registering it right away. No clue if this is new or not but the first thing DPS did was look at the date of the title transfer and begin the raping. In hindsight, this is probably why they require you to use a notary for the title transfer. To get an accurate date of purchase.
This post was edited on 7/31/18 at 1:23 pm
Posted on 7/31/18 at 1:21 pm to jbgleason
quote:
Turns out I got nailed with a hefty fine, interest and late charges for not registering within 30 days of purchase
Damn, well glad I asked.
Posted on 7/31/18 at 1:22 pm to toosleaux
quote:
Just a money grab by this bitch, right?
Considering the notary is going to get exactly $0 from you registering and paying taxes on the car, I'm going to go with a hard no here dog.
And to answer your original question, yes you must do both of those things or you'll be fricked bigly when you get it running and then need insurance, etc.
Posted on 7/31/18 at 1:24 pm to jbgleason
quote:
I bought a Corvette to restore last year. It didn't run, it is a complete restoration job.
You should just give it away and start a coke habit. You'll save money.
What'd you get?
Posted on 7/31/18 at 1:24 pm to toosleaux
all you "need" is a title transfer and bill of sale, and yes you have to bring papers to dmv for paying sales taxes and getting the title processed.
you "only" need to register it and get it licensed when you are ready to put it on the road
she is most likely just ignorant because she doesnt make any extra money from making you get it registered, the dmv gets that money not her.
also if its a large cash transaction it must be reported to the IRS so they can investigate if you are a drug dealer laundering cash. im not kidding at all here, when i bought my suv for $11k cash thats what the dealer had to do and i got a letter telling me i was deemed by them to not be a crminal enterprise trying to launder money
frickin big brother is watching everything you do now, even deposits of more then $1k cash to your bank you will get reported to the police to investigate you for suspicion of "possible" illegal criminal activity
you "only" need to register it and get it licensed when you are ready to put it on the road
she is most likely just ignorant because she doesnt make any extra money from making you get it registered, the dmv gets that money not her.
also if its a large cash transaction it must be reported to the IRS so they can investigate if you are a drug dealer laundering cash. im not kidding at all here, when i bought my suv for $11k cash thats what the dealer had to do and i got a letter telling me i was deemed by them to not be a crminal enterprise trying to launder money
frickin big brother is watching everything you do now, even deposits of more then $1k cash to your bank you will get reported to the police to investigate you for suspicion of "possible" illegal criminal activity
This post was edited on 7/31/18 at 1:31 pm
Posted on 7/31/18 at 1:26 pm to jbgleason
quote:
Let me warn you now. YOU MUST REGISTER THE CAR IMMEDIATELY. I bought a Corvette to restore last year. It didn't run, it is a complete restoration job
Crazy. I thought you could pull the plates so it negated the need for insurance.
You have to keep plates on a non-running project car or is there a different registration in such cases?
This post was edited on 7/31/18 at 1:31 pm
Posted on 7/31/18 at 1:27 pm to N2cars
quote:
VetteGuy
LoL. Where you been Dawg?
Got roped into a 73 Vette (last of the chrome bumper as you know). 350, 4 speed, factory air, Green with black interior. It's in rough shape. College roommate talked me into taking it off a friend of his that has a terminal illness. The price was too good to pass up but I am doubting myself now.
Engine has been mildly massaged in the past and runs good but the rest of the car is rough.
Posted on 7/31/18 at 1:30 pm to toosleaux
The only way to avoid the sales tax is by Act of Donation.
Even then, the value of the car has to be less than $14,000, IIRC.
Still have to register it, though.
Even then, the value of the car has to be less than $14,000, IIRC.
Still have to register it, though.
Posted on 7/31/18 at 1:31 pm to keakar
quote:
you "only" need to register it and get it licensed when you are ready to put it on the road
I can only say that I asked this very question and was told NO. DPS says that the car has to be registered and plated. Doesn't make sense to me but they certainly backed it up with a fine and interest. I am just glad I didn't wait another year or so until the car is done being worked on before I went down there.
Posted on 7/31/18 at 1:32 pm to jbgleason
So you will have to insure it as well?
What a screw job.
I see there is a 'Vehicle Statment of Non-Use' form that allows this.
Kind of makes sense now. I would say you do have to register it.
What a screw job.
I see there is a 'Vehicle Statment of Non-Use' form that allows this.
Kind of makes sense now. I would say you do have to register it.
This post was edited on 7/31/18 at 1:36 pm
Posted on 7/31/18 at 1:35 pm to toosleaux
Not if you are an illegal alien.
Now, can one change their resident status as easily as gender, sex, pronoun?
what if I want to become Bruce Genderbender Del Toro from Guatemala?
Now, can one change their resident status as easily as gender, sex, pronoun?
what if I want to become Bruce Genderbender Del Toro from Guatemala?
Posted on 7/31/18 at 1:35 pm to jbgleason
quote:
Where you been Dawg?
Life events.
quote:
73 Vette
Well, the good news is parts are cheap and plentiful.
Bodywork and paint are expensive, but that color combo can really pop. Pretty sure that's what Sam Elliott drove in "LifeGuard".
Posted on 7/31/18 at 1:35 pm to fightin tigers
quote:
So you will have to insure it as well?
What a screw job.
This is the exact question I had for DPS. According to the lady issuing the plates, if you buy a FRAME of a car that has a VIN you are required to register it and pay. I quit asking questions after she hit me with that one. Complete bullshite. They are all about getting that cash.
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