|
[VIEWED 4027
TIMES]
|
SAVE! for ease of future access.
|
|
|
|
Please log in to subscribe to 's postings.
Posted on 12-16-06 2:01
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0 
? 
|
| |
hello all,,, i m purchasing a car from an owner..I am paying him 3500.... he said that he will gift the car because by this way i don't have to pay tax...Can i purchase a car (i m paying) this way...... plz leave a reply.....is it ok with that...i mean can the owner come later and change the ownership when the title is transfered to me...i m new to this system..so asking a stupid question...thank you...... thank you
|
| |
|
|
|
|
mansion
Please log in to subscribe to mansion's postings.
Posted on 12-16-06 2:03
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
ya, you save the sales tax, but i think the buyer and the seller has to have a same last name.
|
| |
|
|
Please log in to subscribe to 's postings.
Posted on 12-16-06 2:09
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
no i don't think that we have same last name......
|
| |
|
|
jacksparrow
Please log in to subscribe to jacksparrow's postings.
Posted on 12-16-06 3:48
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
I have a question. Why would be the seller intesrested in saving your sales tax? I mean he does not lose anything. Just wondering. Sparrow
|
| |
|
|
Please log in to subscribe to 's postings.
Posted on 12-16-06 4:19
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
I don't know...may be he thought that i could save some money....just for huminity...if i was in his place i would do the same.......
|
| |
|
|
jacksparrow
Please log in to subscribe to jacksparrow's postings.
Posted on 12-16-06 4:26
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
i think of the car is worth 3500 bucks and youo got enough money to buy go for it. But yesterday I think it was you again in another thread saying you dont have enough money to buy a 2000 dollar car. What I am trying to say is if you are trying to pay in installments, how are you two guys going to work out about the sales tax coz you need to pay the sales tax when you go to register the car in the tag office. As a whole all I want to say is make sure the guy is not a fraud. Sparrow
|
| |
|
|
Please log in to subscribe to 's postings.
Posted on 12-16-06 4:30
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
My friends is contributing the rest of amount...so it's not installment...yeha u r right....i m just want to make sure that guys is not fraud......i want to know if someone present me the car as a gift ( i would pay him by check) can he claim the ownership later once ownership is transfered to me ?????
|
| |
|
|
jacksparrow
Please log in to subscribe to jacksparrow's postings.
Posted on 12-16-06 4:50
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
No, one can not claim the ownership of the car after the paperwork is done. Sparrow
|
| |
|
|
latoboy
Please log in to subscribe to latoboy's postings.
Posted on 12-16-06 7:27
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
it is true that if he gifts the car to u, u will save quite a bit of $$$ on taxes. im not sure what the tax rate in your state is but im sure its average of about 8 % tax so already u will save 8 % of 3500 but becareful when u goto dmv to register the car cuz they might get suspicious if its a newer car.
|
| |
|
|
Jhiilke
Please log in to subscribe to Jhiilke's postings.
Posted on 12-16-06 8:00
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
yes, you can register as a gifted car. In this way you can save tax.
|
| |
