If you buy a car from a private party with a car loan from the bank can you still write on the registration application that you bought the car for a dollar so you don't have to pay taxes or do they check it with the bank loan somehow?
Car loan and taxes
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Repo Man
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Re: (p1rat3)
Sure, you can do that, but if it's obvious that's what you're doing there is a possibility that you could get in some trouble. It's better to say, buy a car and put a believable number on it than a dollar. Some states are pretty tough on that type of thing, some aren't, but better to not take the chance of getting drilled for trying to evade tax.
Re: (repo man)
my banks need to know how much the car is being bought for,most of the time they write down the amount on the paperwork for me to take to the dmv,,so there is no way around paying taxes
but if you have a bill of sale from a sold car,,and its within 180 you can use that as a credit towards the new car,,
but if you have a bill of sale from a sold car,,and its within 180 you can use that as a credit towards the new car,,
Re: (MJW7800)
now if your bank just gives you money in the bank to cut checks by yourself to buy a car,,then u and the selller can work a deal,,i have found some people still wanna write down the full price,,lol