Quote:
Originally Posted by NecioVato
So let me ask you guys something (get ready for a stupid question).
If one buys a used car from a private sale (let's say the car is listed at 25k); do they only pay 25k or do they pay for 25k + TTL like you would at a dealership?
Again; a bit off topic but since the thread is about buying a used/new etc car; figured it wouldn't hurt to ask.
Thanks in advance
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Here in California, you'd pay your fees to DMV when you register it. The back of the pink slip has a place where the buyer states the transaction value and the 'transfer of liability' form that the seller submits has a similar value statement required from the seller...I suspect that DMV expects to see them match!
Though I would never suggest doing such a thing myself
, I've heard tell of some...ahem,... unnammed individuals coordinating with their sellers to...ahem, ... "mis-state"
the actual transaction amount indicated by both buyer and seller; so as to lessen the resulting tax levied upon registration. Of course this opens up obvious liabilities and should only be attempted by the truly brave/stupid -of-heart!
Good luck on your purchase!