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question about title and ownership for classic cars

11 messages,  Last post on Apr 13, 2008 at 5:59 AM

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#9 of 11 Re: question about title and ownership for classic cars [jjhardy] by Mr_Shiftright HOST

Apr 09, 2008 (7:58 pm)

Replying to: jjhardy (Apr 09, 2008 4:48 pm)
That's a good answer. The point is, again that SOMEONE always owns a car. A car is never owner-less. If the estate doesn't own it, and the widow doesn't own it , then the state of PA owns it. You can't "claim" a car because there's no one around to stop you.
 
Of course, you can lien a car and gain title if you had legitimate reason (storage fees, etc.).

#10 of 11 Re: question about title and ownership for classic cars [andre1969] by jjhardy

Apr 12, 2008 (7:37 am)

Replying to: andre1969 (Apr 08, 2008 12:17 pm)
andre1969:
A question: the seller in PA pretty much told me that we would be taking care of the paperwork and tags at a Notary Public. Do I need to pay PA taxes on the sale and is that part of the sum on the bill of sale? Or is there separate paperwork for that?
 
Thanks in advance for your answer, just wanted to make sure I get everything straight before I hand over money to people.

#11 of 11 Re: question about title and ownership for classic cars [jjhardy] by andre1969

Apr 13, 2008 (5:59 am)

Replying to: jjhardy (Apr 12, 2008 7:37 am)
A question: the seller in PA pretty much told me that we would be taking care of the paperwork and tags at a Notary Public. Do I need to pay PA taxes on the sale and is that part of the sum on the bill of sale? Or is there separate paperwork for that?
 
Yeah, when you buy a car from PA, the transaction there gets handled by a notary public. However, you don't pay Pennsylvania taxes on the sale if you're going to register it in another state. You'll basically just pay for the temporary tag and the notary's service. I think I paid $50 total when I bought my '79 New Yorker in PA last year. It was a fairly quick process, maybe 1/2 hour total.
 
You'll pay the sales tax on the purchase when you go to tag and title it in your home state. And depending on your state's DMV, that probably WON'T be a quick and easy process!

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