Used Car Buying Question
Let's I will pay $37K for a used car through a private party transaction.
But let's say I don't want to pay tax on top of that.
Is it possible to buy a used car without getting taxed? Meaning, have the seller somehow on the papers say he's selling it to me for 35K, but I give him cash for 37K.
But let's say I don't want to pay tax on top of that.
Is it possible to buy a used car without getting taxed? Meaning, have the seller somehow on the papers say he's selling it to me for 35K, but I give him cash for 37K.
I have heard of people doing that. They claim it is a gift from the other party. But that was on a really old car and they said they were related.(Same last name, foreigners)
I have also heard of people under declaring. It is a common practice, just don't be too extreme on it.
I have also heard of people under declaring. It is a common practice, just don't be too extreme on it.
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XaznX
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Mar 11, 2001 06:37 AM





