Cheapest way to register vehicle in CO?

[Delfuego]

Bill of sale stating purchase price of $1

This used to work, but not no more. They go of "taxable value" now.

When I last did a xfer in Colorado, I did one as a gift... it worked then, but YMMV with greedy Dem taxoholics in charge.

Is was actually Governor Owen's that changed the law on vehicle registration...

[68Charger]

This used to work, but not no more. They go of "taxable value" now.

Is was actually Governor Owen's that changed the law on vehicle registration...

I thought Ritter was the one that really f'd it up, using "fees" to get around TABOR.

Regardless my point still stands, it'll only get worse with the tax-and-spend party in charge.

Not that the GOP can't screw you over, too...

[Martinjmpr]

Wouldn't it be easier to just borrow the car and pay for her sisters plates and put the car on your insurance? I would think if she wrote a letter stating that you are borrowing her car any police officer would be fine with that if you get pulled over.

How can we put it on our insurance if we?re not the registered party?


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Have you ever actually had an insurance company ask you who a vehicle is registered to when you were buying insurance? I never have. The only thing they ask is "what is the VIN?" and "Is there a lien on the vehicle?" If there's no lien they don't care who it's registered to. Makes no difference.

So, if you know you're going to be giving the vehicle back, don't bother changing the registration at all. There's no law against borrowing someone else's car, even for an extended period of time. make sure you have up to date registration, proof of insurance and driver's license and you're good to go.

[Delfuego]

Regardless my point still stands, it'll only get worse with the tax-and-spend party in charge.

Politicians with taxes are like crackheads with crack...

Due to TABOR, they can't get tax increases passed, so Colorado is a "Fee Based Economy". It's not a tax, it's a fee

Pretty sure they just look up the value on a spreadsheet now. I do work for a couple car dealerships and they said that ship sailed.

[Martinjmpr]

This used to work, but not no more. They go of "taxable value" now.

For property tax purposes, yes. But for local sales tax purposes they use the price paid.

I've heard that "some people" will put a $500 price on the title or BOS so as to pay less sales tax.

I, for one, would never dream of doing such a thing, since I am an honest citizen and righteously pay my taxes with a smile.

But I've heard others do it and I've heard it works.

Allegedly.

Not that I would know....

[Little Dutch]

The DMV doesn't even look at the sale amount anymore. The computer tells them the taxable amount of the vehicle based on Make, Model, and year of manufacture.

[68Charger]

The DMV doesn't even look at the sale amount anymore. The computer tells them the taxable amount of the vehicle based on Make, Model, and year of manufacture.

While I believe this is true for the property tax portion, they most certainly look at the sale amount for sales tax. If you bought private party and sales tax was not charged, the DMV will charge it.
This is the case in many states now... I didn't owe it on my trailer only because of an Ag tax exemption I have.

[Mazin]

I though a "gift" vehicle was subject to taxes on the taxable value of the vehicle, I've always put down $50 on the title and BOS.

[Lurch]

Wouldn't it be easier to just borrow the car and pay for her sisters plates and put the car on your insurance? I would think if she wrote a letter stating that you are borrowing her car any police officer would be fine with that if you get pulled over.

[sellersm]

Wouldn't it be easier to just borrow the car and pay for her sisters plates and put the car on your insurance? I would think if she wrote a letter stating that you are borrowing her car any police officer would be fine with that if you get pulled over.

How can we put it on our insurance if we?re not the registered party?


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