10-19-2009, 10:33 PM | #11 | |
Tractor Driver
Join Date: Jun 2008
Location: Franklin, TN
Moto: Buell XB12X Ulysses
Posts: 1,007
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Quote:
Usually the point of collections is the point of registration with the state for street use. Sometimes the "tax" isn't a tax. Some states don't have sales taxes on vehicles but do have a registration tax. As an example, NC has no sales tax on vehicles but collects a 3% highway use tax. If you don't plan to use the vehicle on the roads, you don't have to register the vehicle and therefore don't pay the 3% tax. The question is whether the titles are sent with him as the registered owner or for resale (untitled). Does he have a dealer license? If so, he probably won't have paid taxes, but you as the buyer WILL have to pay sales taxes.
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"I do get tired of reading,'my buddy is a racer and says the Buell will never work' I always want to say 'Who the F*CK is your buddy and is he faster than Shawn Higbee?" --Erik Buell |
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