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Registering new 'luxury' vehicle

Posted on 12/20/17 at 9:11 am
Posted by Jule
Member since Jul 2016
96 posts
Posted on 12/20/17 at 9:11 am
Registering new 'luxury' vehicle in Montana. For example, $49 Montana Registered Agent is an option to avoid state sales tax. But will your insurance company have an issues with covering you in Louisiana while registered in Montana?

For those looking to make that late 2017 new truck purchase
Posted by Napoleon
Kenna
Member since Dec 2007
74911 posts
Posted on 12/20/17 at 9:14 am to
Just carry montana insuranceinsurance.

My uncle was in the air force for decades and always had odd out of state plates of places he said were cheapest.
Posted by fareplay
Member since Nov 2012
6626 posts
Posted on 12/20/17 at 9:20 am to
Can afford a truck but not insurance

What is this trashy shite
Posted by The Mick
Member since Oct 2010
45206 posts
Posted on 12/20/17 at 9:23 am to
Why is your thought limited to luxury vehicles only. You can suggest people cheat the tax man on non-luxury vehicles as well.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
76218 posts
Posted on 12/20/17 at 9:30 am to
quote:

Why is your thought limited to luxury vehicles only. You can suggest people cheat the tax man on non-luxury vehicles as well.
I would guess the OP thinks (s)he'll win "more" with a higher-valued vehicle?



Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 12/20/17 at 9:31 am to
Is it a luxury vehicle or a truck?
Posted by Jule
Member since Jul 2016
96 posts
Posted on 12/20/17 at 9:32 am to
The thought was sarcasm...

The out of state registration was targeted for RV purchases, luxury cares, etc... but reading posts on the OT about guys purchasing a 60k truck is why I threw out the luxury tag.

You're right, I shouldn't profile.
Posted by terd ferguson
Darren Wilson Fan Club President
Member since Aug 2007
114938 posts
Posted on 12/20/17 at 9:36 am to
quote:

Just carry montana insuranceinsurance.

My uncle was in the air force for decades and always had odd out of state plates of places he said were cheapest.



When I was in they always told us 2 out of 3 had to be from the same state

DL
Insurance
Registration/plate
Posted by td1
Baton Rouge
Member since Oct 2015
3227 posts
Posted on 12/20/17 at 9:41 am to
A lot of RV owners do this with a Montana corporation to avoid the high taxes in their states. Not sure about the insurance, but it would make sense that the policy would have to be written in the state the vehicle is registered. You can search the RV boards, there are always questions on there about the whole Montana corporation and registration thing.
Posted by Napoleon
Kenna
Member since Dec 2007
74911 posts
Posted on 12/20/17 at 9:49 am to
Call a fed ex store, rent a pobox with street address.

Incorporate a llc.

Use that address. Register vehicle in llc and insurance.

Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
59454 posts
Posted on 12/20/17 at 9:58 am to
I assumed the guys who have Montana plates on their super cars did something like this.

Insurance on those things is usually through Hagerty or someone specializing in high value cars so it doesn't matter what state you're in as theyre not looking to get the cheapest state minimum coverage. Or at least I hope they aren't.
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