Is saying my 97 MKIV cost me $5000 too extreme?

[707supra]

Hey guys, Im gonna be registering my car down in Orange County which has a 7.7% sales tax. Im purchasing it off a local guy, and wanted to say it was a gift, but now Ive heard that wont even slide any more. The car is excellent condition for its age with roughly 79xxx miles. Is saying my car cost me $5,000 bucks too suspicious? Then I can just make up the standard story about how were good friends, and he wanted to hook me up, etc..... I fuckin hate Cali laws...pricks rape us for our fuckin money. Oh yeah, one more thing, WHAT IF some rich guy bought an expensive car for a friend as a gift? Will these fuckers at the DMV still discriminate and make them pay sales tax? I mean, if you think about it, they CANT say if you sold it to him or not even if they are suspicious, unless they're psycic???

[Stealth021]

The state wants the sales tax on the sale.

If the rich guy purchased it for $10k, they want the tax on the $10k. Reasoning is, he can afford it, since he is so rich, right? Plus the tax is the RESPONSIBILITY. Just because HE will give it to his buddy, doesn't stop the tax.

[supra557hp]

5,000 is a pretty low ball price.... to be on the safe side I would do 12-14k. My credit union told me to put 11k on a 19k car and that should be safe they said, and it was.

[represent]

Just say it was 500 bucks, how does the DMV know that it doesnt have a melted piston, in shit contidion, and missing a wheel?
and you repaired it all on your own

they wont question it

[707supra]

Originally posted by supra557hp
5,000 is a pretty low ball price.... to be on the safe side I would do 12-14k. My credit union told me to put 11k on a 19k car and that should be safe they said, and it was.

I know its low ball, but my point is, what if someone did sell it to me for 5 grand? Anything is possible right? What are they gonna do, unrightfully tax me for a higher price even though I didnt pay that? I mean, they cant really justify how much it was sold for...unless I stated before, they're pyschic or some shit, or were stalking me when I paid for the car...

[Surf]

I bought my QS for $34,500. and put down a sales price of $8k. I had no problems at all with DMV.

[707supra]

Originally posted by Surf
I bought my QS for $34,500. and put down a sales price of $8k. I had no problems at all with DMV.

Did they question you at all, or give you ANY indications of not believing you? BTW, how long ago was this? If you can give me more details it would be great.

[cullen]

fyi, if you put a low price, if someone hits you, their insurance co. may only give you what you paid for it. ie, what you put down on the bill of sale

[supra557hp]

They questioned my buddies RX-7 2 years ago when he bought it for 26k and he also put 8k but they questioned him looked it up in KBB they said and even sent someone to look at it. I just say be careful, thats all.

[707supra]

One more thing, would they question you if he gives it to me as a gift? It wouldnt make sense, because after all, DMV are the ones who give us the OPTION to register it as a gift. Why would they say, "yes you can register it as a gift from someone non-related, but we're not going to believe you". Dont make sense.

[Deusdeceptor]

got mine as a gift.. no questions or paperwork needed. I asked if they want to me to show proof..the person said no. its fine...

so i only paid 15 bucks to change the title.

this was back in dec 2004

[AGlobalThreat]

Lol $5000 is way too low for an mk4... unless you say it's just a rolling chasis (And DON'T drive it to the DMV), Otherwise just say around 10k, MAYBE 8-9k... it all depends on the person in the DMV that u get assigned to :p

[R0BBIE]

they cant proove shit. just like the other guy said. How do they know the engine wasnt blown? the car was wrecked? needed new paint?

people sell cars for nothing when they are in that condition and the people at the dmv have no clue that a 1993 toyota can still be worth upwards or 30k. if you make a deal with the seller to put down $500 bucks, then that is what you payed for it.

also, the price you put down as the price you pay is for sales tax only, they never use this for anything else, insurance, etc. You tell the insurance company what u actaully payed.

I payed 250 bucks for my tax, do the math.

[cullen]

if you can afford a supra, you can afford some taxes, if not, buy an integra or something
what would it be for $5k? $350 in taxes?

[iluvpsi]

Don't even trip bro. I bought a '71 Pinto and put down $8k and the DMV didn't say shit.

If I'm not worrying, you shouldn't either.

[supraboy4life]

dude i want my pinto back
yo

[VINZE]

This thread is funny and amusing but in all cases, it's very informative. A couple years back I bought my '97 for 36k and had a bill of sale for 24k. Needles to say I paid the state 24 hundred in Cali sales tax!!!!!!!! I'm about to register my '98 and am going to be putting a sales tag for even less than $5 grand as mentioned above. In all honesty, a private sell is what it is, A PRIVATE SELL! In black in white the papers ask for a purchased price. If you purchased a 50 thousand dollar car for 500 dollars, then you purchased it for 500 dollars no questions asked no strings attached. But then, who the hell is lucky enough to buy a 50 thousand dollar car for 500 dollars? Ummm, gee wiz, how about YOU!

I believe in taxes and getting taxed but I don't believe in paying taxes to have a correctional facility being built 2 cities away from me later to find out I'm being sent there for something I didn't do, getting taxed on that, without any repercussion or reimbursement. Go ahead 707, put 5 grand as your buying price. 3 months down the line you're going to get raped on gas taxes, smog taxes, taxed when you get pulled over for nothing, etc.

[Mark 2JZ]

You're right Vinze, a private sale is a private sale. The seller is still getting their money, and you're just saving yourself from getting taxed like crazy down the road.

A dealer on the other hand, used or new, can't do that.

[shupore]

in nov. 2004 I put $1200 for my 94 tt and only paid like 200 for taxes.

[R0BBIE]

i believe in taxes as well, but used car tax is rediculus. They already got the full tax amount when the car was sold from the dealer, and then they want to get that full tax everytime the car changes ownership? i think that is stupid

[Stealth021]

Originally posted by mr2turbo2
i believe in taxes as well, but used car tax is rediculus. They already got the full tax amount when the car was sold from the dealer, and then they want to get that full tax everytime the car changes ownership? i think that is stupid

It may be stupid, but if we all agree it is stupid, send Gov. S. a petition letter and have him REMOVE the tax. Simple as that. As it stands, it IS a law. A stupid law, very stupid, but the law.

We ALL put down a lower price when buying cars used. You won't get caught. Especially since the car is an "old" Toyota. Nobody will notice.

Why do we have all these laws in America if nobody follows them? Shouldn't we stop making more stupid laws that people refuse to follow? This society is so fucked up...

[melco]

I'd say $10,000 - $15,000 unless you write a bill of sale saying, "Purchase of 97 Supra with BLOWN ENGINE for the sum of $5,000." But if the engine is blown it is gonna be hard to believe that it was smoged yesterday

[707supra]

OK, so I read everything you guys said, and Im going to give them a lowball price. Its a private sale, so how the hell are they gonna know right?!!? But I also learned that its better to give them a more thought out price like, $4,950, compared to $5,000...because saying $5,000 sounds like it was more or less made up right on the spot, where as a more precise number sounds like the actual price was negotiated, somewhat making it more believable (even though it probably wont matter) any more opinions are welcome, especially any opinions regarding the whole "gift" deal...

[707supra]

Originally posted by cullen
if you can afford a supra, you can afford some taxes, if not, buy an integra or something
what would it be for $5k? $350 in taxes?

Yes you are right, I can afford a Supra, but that doesnt take away from the fact that I had to work my ass off in the military to earn it. Im a cheapskate I'll admit, but thats exactly why im paying for my car with cash and not begging a financial institution to give me a loan. Teg's are decent cars, but Ive been waiting a LONG time for this car, and now I can finally get one. :D

[VINZE]

You don't have to be a cheapskate to put a lower number than the actual bill of sale. Hell, I don't even believe that putting a number that's completely off the charts makes you a criminal. So what if you put the actual bill of sale? Does that make you a law abiding citizen? Hell no it doesn't. Why should you subject yourself to paying the full amount? It makes no sense at all. You risking your life for our country and getting paid jack shit compared to an actor who says a couple lines that in the end makes 100 times more than you should give you enough incentive for writing a lower bill of sale. :) lol ok maybe I'm getting off track but seriously, don't even worry about it. If you already talked to the seller about the bill of sale and he/she agreed, then you have absolutely nothing to worry about.

Melco, yes it's hard to believe that the car was indeed, smogged yesterday assuming the motor was blown which justified the price. But how about days on end prior to having the car smogged? How do they know that he payed to have the motor built and replaced months previously? How do they know that maybe the seller's friend was the one who sold him the parts at second hand with no receipts and did all the work? My point exactly. 707 don't even worry about trying to make it sound believable or not, put THE AMOUNT YOU BOUGHT THE CAR FOR! 2 grand! :)

[turboracer]

If the seller doesn't mind just mark it as a gift. My friends and myself and family have all bought and sold cars. If the buyer/seller don't it being marked as a gift then just do it. The DMV won't ask, and insurance shouldn't say anything either. You start to get screwed by insurance when you have a salvaged car, other than that you don't need to worry.

[toyotas4life86]

i bought an NA for less than 10k and on the dmv paperwork put down like 3k worked out i put down for a 94 legend 500 bux it worked 98 tacoma for like 1500 it worked shit the cars were really cheap too

[jinus]

It all depends who take your hand and register in DMV. Good luck but I would say just around 15k

[Supra JZA80]

I gave a 94 civic to my frd as gift and the DMV asked: "Free?" I said: "Its used and beated up. And, she is my good friend like sister." DMV person said".............ok?!"........ ???

Vinze,
Hows your new ride doing? Anything on the ride yet? We should get a meet somewhere. Haven't seen you guys for some time already. :(

[VINZE]

Ya bud for real. Hopefully we can get something good when the weather is real nice. The new ride is fine but I haven't been able to work on anything yet because I'm currently undergoing another 2jz-sc300 swap at the moment.

[kevganzon]

say it was a gift ;)

[efini/supra]

Going to repeat what most people said. It definitely should not matter. Ive registered over 10+ cars and wrote down ridiculously low values for all of them. No eyebrows raised or questions asked. Also to add about the insurance situation. It also does not matter what you paid for the car...even if you got it for free. Insurance is suppose to cover the KBB or market value depending on your insurance and what your car is worth, not what you PAID! If your insurance is working by the way of how much you paid for your car or how much you registered it for, switch carriers immediately.




Mike

[Mark 2JZ]

I think putting it as a gift leaves it up to the DMV to tax you whatever they want. They more or less then approximate its value and tax you accordingly. So go ahead and low ball, but don't put GIFT.

[Cordeez]

we did 2 bux for my friends 240sx, no questions asked.

[boredfast]

you're in Maryland though.

[terrorize]

i put down that mine was a gift from a relative, and i paid 16k for mine just say it needed a new motor and tranny so you put it in and called it even at 5k

[jojobombiest]

I just bought an N/A for 12k and i put 6k on the papers... nobody said anything.

[VINZE]

'98 MKIV TT 6 SPEED. I just registered her for $500. Paid $119 dollars.

[Smart Ass]

I reported 2000 for mine. As far as DMV is concerned, the price is between buyer and seller. DMV might send a letter to the seller asking if it is the correct price that he or she sold the car for. You just have to make sure the seller reports the same price you do.