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Article #138

Re: Purchasing a Used Car

#138
From: Keith Rice
Date: Mon, 14 Sep 1992 04:57
23 lines
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In <1992Sep12.202703.19925@cactus.org> mhk@cactus.org (M. H. Khan) writes:

>What, if any, taxes are due when buying a used car from an individual,
>and what is the minimum procedure/paperwork-requirements for such a
>transaction?

The amount of taxes due depends on the price you paid for the car.
As far as the paperwork, you need to (1) get the title from the seller
with the odometer reading filled in on the back of the title, have the
seller sign the back and have it notarized, (2) take the title to the
tax assessor/collector's office for the county you live in with the amount
of taxes and fees due (get this info by calling the office ahead of time).

>What would be different IF the seller (and car) is in another state?
>Does it matter whether that state requires the license plates to be
>retained by the seller or not?

I don't know.

--
D. Keith Rice -- University of North Texas -- drice@ponder.csci.unt.edu
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From: drice@ponder.csci.unt.edu (Keith Rice)
Subject: Re: Purchasing a Used Car
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Date: Mon, 14 Sep 1992 04:57:30 GMT
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