🚀 go-pugleaf

In article <1992Sep14.175647.6314@shell.shell.com>, jon@spjerint (Jon M. Holdman) 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 seller will provide the buyer a sales tax affidavit, a mileage
|> affidavit, and the signed-over copy of the title.  Buyer gives the
|> seller the agreed upon price, and gets the vehicle.  Buyer takes
|> paperwork to tax-assessors office and pays transfer fees, license fees,
|> and sales tax.  Sales tax is based on price shown on sales tax
|> afadavit.  Seller might want to go with buyer to be sure this actually
|> gets done, lest the buyer just leave the vehicle in seller's name.
|> It'll be tricker if there are any loans involved.  If the seller has a
|> payoff on the car, they won't have a title.  Call the sellers
|> lien-holder for how they want to handle it.  Expect hassles.  If the
|> buyer is financing the car, you should talk it over with the new
|> lien-holder as to how to handle it.
|> 
|> >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?
|> 
|> Probably, you'll have to get some sort of temporary license in the
|> sellers state to give you time to get here with it.  A trip to the
|> tax-assessors office in the sellers state will probably be needed.
|> You'll have to go through the same steps of taking the paperwork to the
|> tax office here and pay them their bucks.
|> 
|> >Is there any book or booklet with answers to the above questions?
|> 
|> Not that I know of.  A bank or credit union should be able to help you
|> out.  Also, call the tax-assessors office of the counties involved.
|> Its not really all that big a deal, just one of the usual paper
|> chases.
|> 
|> Jon Holdman, jon@shell.com


Why do you have to pay sales tax on a used car.  Sales tax was already
paid when the car was new.  This is not a car dealership who bought
the car in order to sell it.

Is this simply another way for the state to get more tax dollars??
-- 
|  Gayle Reeves                                                 |
|  Internet: greeves@arco.com                                   |
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