so1o2k3

When buying a car from a private party, what do you guys think about negotaiting a certain price and listing a lower price to not pay as high of a sales tax?

crash94

Sounds fishy, plus if someone starts askin questions you're likely gonna get thrown under the bus by the other person so he/ she can save their own a$$...

It sucks, but pay it and move on...

dlazrael

I did that, nothing bad happened to me... then I sold the car 2 weeks later for the mach 1 :P

LvGordo

not sure if it different in different states, but they will go by the book value of teh car, which could be good or bad depending on how much you paid. if you think your car is worth less than the book, ask for them to do an estimate. I had a 90 celica that was a pile of S, but got it from my wife's sister for like $700. The book said it was like 4600 and this car wasnt worth the 700 i paid (216K mi, body damage, lights didnt work, smell of cat pee, ect) so they appraised it at liek 1000.

so1o2k3

OK, lets say (theoretically) I bought this mustang and did that, and the gov't sent me a letter saying that I could send them any of 4 specified documents to prove that I bought the car for what it is listed under the title, or else I would have to pay the tax PLUS a penalty which is twice the amount of the tax. What would you do? You guys think they would further investigate the case once I send them a bill of sale?

LvGordo

if it gets to the point where your state govt is asking for documentation, i would think that they would look into it, they want their money. A written reciept from the past owner should be good enough. I supplied a written reciept when i sold my ram and that was good enough for the dmv out here.

so1o2k3

I just talked to the previous owner, and he thinks that this letter is just an automated computer that sends letters out when they see a big price difference in the Average Loan Value and the Purchase Price of the Title. I'm just wondering if sending a Bill of Sale would satisfy them, or would they investigate further? And just for the record, the price difference listed was pretty damn big (now I'm regretting agreeing to do this)

LvGordo

Fraud! tax cheat! where's that toll free IRS number?

so1o2k3

any law enforcement buffs out there who can help me out? [&:] getting frustrated here.