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Message
Is there an advantage to buying a car out of state?
Posted on 2/5/21 at 10:26 am
Posted on 2/5/21 at 10:26 am
Other than maybe a better price? Are there tax advantages?
There's a truck in AL that I want, but I can get the same truck in Baton Rouge for about $800 more. I'm not sure it's worth the hassle if there isn't a tax advantage. TIA.
There's a truck in AL that I want, but I can get the same truck in Baton Rouge for about $800 more. I'm not sure it's worth the hassle if there isn't a tax advantage. TIA.
13
Posted on 2/5/21 at 10:27 am to Seersucker
Obviously closer
Posted on 2/5/21 at 10:28 am to Seersucker
quote:
Are there tax advantages?
No
Posted on 2/5/21 at 10:28 am to Seersucker
Why would there be a tax advantage? You pay taxes based on where the vehicle is registered, not where you buy it.
Posted on 2/5/21 at 10:28 am to Seersucker
I would get the one out of state just to not give the greedy scumbags here more money
Posted on 2/5/21 at 10:29 am to Seersucker
quote:
Are there tax advantages?
no
Posted on 2/5/21 at 10:31 am to Seersucker
quote:
Are there tax advantages?
You pay registration and taxes when you register it at your home address. There's no advantage to buying out of state unless you obviously find a better deal there.
Posted on 2/5/21 at 10:31 am to Seersucker
My friend set up a personal LLC registered in Montana. Buys local but registers in Montana. No sales tax, cheap registration, no inspection. Uses depreciation for taxes
Posted on 2/5/21 at 10:31 am to Seersucker
quote:
Other than maybe a better price? Are there tax advantages?
There's a truck in AL that I want, but I can get the same truck in Baton Rouge for about $800 more. I'm not sure it's worth the hassle if there isn't a tax advantage. TIA.
Insure it in Bama and save some real cash
Posted on 2/5/21 at 10:35 am to Tigeralum2008
quote:
My friend set up a personal LLC registered in Montana. Buys local but registers in Montana. No sales tax, cheap registration, no inspection. Uses depreciation for taxes
So where does he tell his insurance company the vehicle is garaged?
Posted on 2/5/21 at 10:35 am to tgrbaitn08
Could you rent a room somewhere for a month?
Posted on 2/5/21 at 10:36 am to Seersucker
There's no advantages but sometimes you find some good deals out of state. I once got a car all the way in Miami because the deal was really good. It was summer vacation from college and I needed a new vehicle. There was a Volvo S70 with only 20,000 miles on it that I won for 3 grand on an ebay auction. It being in Miami wasn't a big deal, we just made a little vacation out of it and stayed in Miami/Ft Lauderdale for a bit after picking it up and then made our way back home. Was all worth it.
Not sure I would travel to Alabama just to save $800 on a car you could buy local though.
Not sure I would travel to Alabama just to save $800 on a car you could buy local though.
Posted on 2/5/21 at 10:37 am to Tigeralum2008
quote:
My friend set up a personal LLC registered in Montana. Buys local but registers in Montana. No sales tax, cheap registration, no inspection. Uses depreciation for taxes
A lot of people do this.
Posted on 2/5/21 at 10:39 am to Seersucker
if you find a $3000 difference, and $200 plane ticket, and don't mind the drive home...
they can process the paperwork and you'll pay taxes as a separate transaction, but it's worth it to me.
I'll go anywhere in CONUS
they can process the paperwork and you'll pay taxes as a separate transaction, but it's worth it to me.
I'll go anywhere in CONUS
Posted on 2/5/21 at 10:39 am to Simon Gruber
quote:
A lot of people do this.
It’s only worth the hassle if you spend a lot on cars
Posted on 2/5/21 at 10:40 am to tgrbaitn08
quote:
So where does he tell his insurance company the vehicle is garaged
wherever he lives probably.
tons of private jets and supercars etc are registered this way
Posted on 2/5/21 at 10:46 am to TheFlyingTiger
quote:
tons of private jets and supercars etc are registered this way
I know tons of companies are registered in Delaware for the benefits
Posted on 2/5/21 at 10:49 am to TheFlyingTiger
quote:
wherever he lives probably.
Your car can not be registered in one state and insured in another. Insuring your car in a state where you don't reside is fraud
LINK
Posted on 2/5/21 at 10:53 am to Seersucker
quote:
Are there tax advantages?
You'll get raped at the DMV
Posted on 2/5/21 at 10:54 am to tgrbaitn08
there's gotta be a way, because It happens all the time.
maybe they do roll around with MT plates. I wouldn't care, would you?
maybe they do roll around with MT plates. I wouldn't care, would you?
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