Buying a used car

[LeJerk]

Regarding taxes and signing over the title. Do they still use the price paid where you write it in on the back? Can you write "gift" and pay minimal taxes? If anyone can shed some light on this that has bought or sold a used car recently that would be great! (and could save me a bunch of money :))

[Irving]

You can write $100.

I had a friend register her Volvo based on what she actually paid for the lease (she got a good deal). The DMV told her according to them the car was worth more and they wanted to charge her more. I think she yelled at them and they backed off.

If they say anything, kindly remind them that they are NOT in the car dealer business and should stick to what they can barely manage as is. In other words, tell them to shove it and give you your plates based on what you paid. ;)

[Colorado Osprey]

The DMV uses taxable value not purchase price to determine taxes and title charges. You can put in $1 on the title, but they wil use taxable value.

I have my dealer's license... I do this every day

To the person who yelled at the DMV clerk, next year there will probably be a correction in the value and the tags and taxes are gonna go waaaay up.
It's hard to yell at the post card in the mail to intimidate it.

[Irving]

To the person who yelled at the DMV clerk, next year there will probably be a correction in the value and the tags and taxes are gonna go waaaay up.
It's hard to yell at the post card in the mail to intimidate it.

lol, she ended up moving to California. As shitty as California is (even she thinks so) they still charge WAY less to register a vehicle. I hear that Colorado is one of the worse states for that.


So, listen to that other guy. I am wrong.


EDIT: Now that I think about it, the issue is that they wanted to charge her based on a taxable value that was higher than she actually paid for the car, and she got it from a dealership, so it wasn't like it was gifted or something. Sounds like bullshit to me.

[Ridge]

When I bought my first car, I paid $800 for it...the guy we bought it from wrote down $400, and I think my plates cost like $27...paid $3500 for my current car from a dealer, and Im paying I think $80-something for plates...I'll let you know in 2 months when its due again :P

[LeJerk]

So I'm paying 2800, I want to write in like 2000, and the car is probably worth more than 3500. Does it even matter? From what CO Osprey says they are going to charge me some number THEY make up? :(

I think it's shitty that I have to pay sales tax on this in the first place.

[Marlin]

Not a Tax,, It's a "fee"















[ROFL1]

[Circuits]

The registration fees are based on the assessed value of the vehicle. They use tables for that and there's nothing you can do about it.

The SALES tax charged when you apply for a new title, and didn't buy from a dealer who's already computed or charged the sales tax, is based on the reported sale price of the vehicle.

If you put down anything other than the actual price you paid for the car, you're engaging in tax fraud, but the chances are slim that they'll investigate or that you'd be caught.

[sniper_tim]

The registration fees are based on the assessed value of the vehicle. They use tables for that and there's nothing you can do about it.


This is how I understand it as well, however i think there are some exceptions/provisions for gifting vehicles to immediate relatives. I wouln't try to lie about this though to save a few hundred $$ and risk possible criminal prosection. The state doesn't take kindly to people commiting fraud.

When I was in CA, they used the value you wrote down, however if the amount was substantially different from the taxable value in their tables they errored on the states side.

[Great-Kazoo]

The registration fees are based on the assessed value of the vehicle. They use tables for that and there's nothing you can do about it.

The SALES tax charged when you apply for a new title, and didn't buy from a dealer who's already computed or charged the sales tax, is based on the reported sale price of the vehicle.


once again this. after the first year unless it is a new car, you will be surprised how much your renewal fees are.

[LeJerk]

Ok that makes more sense. Thanks!