95greenmaro

iTrader: (3)

if i am trading my vehicle for another one straight up and even. does dps charge me any tax on it? or should i just say that i bought it from him for $1?
i already have a bill of sale ready and the title transfer papers, is there anything else that I would need?

SSHAWK

iTrader: (14)

The $1 trick doesn't work anymore they do it off the value of tha car now.

But if you trade it for another car it's a lot less from what I'm told.

Call your local DMV and find out.

DAVE00

iTrader: (10)

You should be able to gift it to him and he does the same for you, since you are not purchasing the vehicle. There is a flat $50 fee I believe, but might wanna check with your local county tax office/title office to make sure. We did this with my wife's burb about 4 years ago when my parents gave it to us.

retardedpenguin

iTrader: (2)

You can't gift anymore either, at least the last time I tried.

DAVE00

iTrader: (10)

WOW - They are getting very **** about this tax crap on the used vehicles. If you think about it the state is double dipping on taxes for vehicles as a full price tax was paid on that car already at one time. I think it's pretty stupid and I'm suprised it hasn't been tested yet in the state courts by someone.

Bad Chad

iTrader: (94)

There is a part on the application you check for an even trade and you will not be taxed. You have to provide the vin number of the car you traded.

The gift only works for immediate family.

Value only goes by blue book now. If you paid $500.00 for a car and it books for 5k, you are going to pay takes on 5k

Cam72aro

iTrader: (28)

$5 trade fee. Have vin of both vehicles to prove the trade. Otherwise around book value times 8.25%

v8sten

iTrader: (5)

screw them get paper plates like the rest of us

FastB

iTrader: (11)

I believe it is 6.25% not 8.25% or something like that. Vehicles are on a different tax rate.

95greenmaro

iTrader: (3)

I printed out a bill of sale and a title transfer paper from dps. Do I need a copy of my title to take with me after I sign it over?

GreatWhiteZ28

iTrader: (15)

is the same for ATVs??? cause my buddy gifted my Can Am to me after I bought it and it was only like $50 to register it in my name....

or are ATVs and Vehicles on a different playing field in the DMV office?

drago1217

iTrader: (6)

So back to the taxation of money you really didn't spend...........isn't that illegal. I ran into this problem not too long ago. They wanted to tax on a price 1500 more than I spent on the car......rediculous. I know it not considered taxation without representation but how can they legaly tax you on money not spent.



Its kind of like properties. You pay taxes on the appraisal of your house not the actual price unless you contest it. Just really chaps my hide

v8sten

iTrader: (5)

^^^^^^^ thats why i got paper plates ^^^^^^^

untill this problem is fixed, which i think texas is in the process of doing

Bad Chad

iTrader: (94)

You are just giving them more money. Paper plates cost about $30.00 a month plus the time of going up there to get them. Normal registration is about $70.00 a year...

I do agree something needs to be done, they are making more emoney now doing it the way they are so I really doubt it will change.

Say you even traded it for the S-10 and call it a day.

epglxspooky

iTrader: (1)

Like stated in another post. It is easier for both of you to go in and have the titles ready in hand for trading. It should only cost you the title transfer fee and then registration if needed.

TermnEatr

iTrader: (24)

5 bucks just did a straight trade not to long ago

enigmah

iTrader: (1)

I took the fairings off my GSXR1000 and had it appraised for 1500 and paid taxes on that instead of KBB value of 5,000.

Not like this is going to help but it worked lol.