Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper Vehicle Sales Tax Questions
947 messages, Last post on Nov 23, 2009 at 10:05 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
I have a Jeep Grand Cherokee and live in CO. My father-in-law has a Ford Expedition and lives in MN. We are trading so that Ford will be ours and my father-in-law plans to trade our Jeep in for a new car. Both cars are being financed. Is there a way to avoid paying sales tax on all three transactions? For example, can he sell me the Ford for $0? Or, can we simply just transfer ownership? Thanks.
|
|
|
Replying to: mds2400 (Aug 07, 2008 6:40 am) (disclaimer: If any of this is illegal, don't do it). On the Expedition? He can probably give it to his daughter (your wife) tax-free.. and get her a Minnesota title (it works that way in my state). Whether she can take that Minnesota title and re-register it in Colorado without paying sales tax is another matter... You'd have to ask your local DMV.. Giving cars to family members can usually be done without incurring sales tax.. Selling them usually is a taxable event, no matter the relationship.. That's something to keep in mind.. regards, kyfdx (visiting host, and not a tax expert) |
|
|
I'm an Oregon resident (no sales tax) who wants to buy a new car in Arizona (sales tax) during a visit next month. The AZ dealer I talked to suggested that I pay the tax and then ask OR for a refund. That seems a difficult approach. Is it possible to purchase a new AZ car with no sales tax, drive immediately to OR, and then title/register the car in that state? Thanks,
|
|
|
Replying to: samiam10 (Aug 12, 2008 10:06 am) What you would be liable for is any city and county tax. FAIK, there is no refund for this from Oregon. |
|
|
Replying to: volvomax (Aug 12, 2008 12:45 pm)
|
|
|
Replying to: samiam10 (Aug 12, 2008 2:18 pm)
|
|
|
Replying to: revznet (Aug 14, 2008 6:53 pm) |
|
|
Replying to: revznet (Aug 14, 2008 6:53 pm) |
|
|
Here is the situation: 1 - I leased a 2008 Toyota from Toyota Financial Services 2 - My son totaled the vehicle. Fortunately he is ok, unfortunately he was not covered under our insurance policy. 3 - I had to buy the vehicle from TFS for $25,0000 to clear the lease. 4 - I will sell the vehicle to the salvage yard for $1,000. 5 - I live in PA and in order to transfer the vehicle to the salvage yard, I have to give them the title. 6 - Does anyone know if I would have to pay PA sale tax on the $25k purchase price of the vehicle? Any thoughts are appreciated.
|
|
|
does this vary by state? I know here in NJ, my car is covered by my insurance no matter who is driving. I mean, otherwise, what would they do in the event of theft? "Hey, you were driving when the thief drove your car off the bridge. Too bad!" |
|
You are here:
Forums
Smart Shopper Vehicle Sales Tax Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
