UVIP values for s2000?
09-29-2015, 11:14 AM
#12
My 2004 UVIP showed $11,000.
However, a word of advice: if you sell for exactly the UVIP value (assuming it isn't zero), it depends on the person behind the counter. I've known some cars being scrutinized for the sale value being too low and the lovely person decides to question it.
However, a word of advice: if you sell for exactly the UVIP value (assuming it isn't zero), it depends on the person behind the counter. I've known some cars being scrutinized for the sale value being too low and the lovely person decides to question it.
09-29-2015, 03:05 PM
#13
The lady had a hard time figuring out what kinda of car it was, she's like what's the year "2000" what's the model "s2000" nonono the model "s2000" ok it's a 2000 Honda but what's the model... It went on for a few minutes
10-01-2015, 04:41 AM
#15
Happens to me all the time, getting an etest same thing happened... I feel like we are being clear... why do they treat us like we are the one who is unaware of the vehicle....
02-09-2016, 07:48 AM
#17
To make things clear, the law states when you purchase a vehicle privately you must pay tax on either the wholesale amount (UVIP value) or the amount written on the bill of sale (last page of the UVIP), the greater of the two. You can definitely get by paying less than wholesale value by declaring a lesser value on the bill of sale but this depends entirely on the employee working at the desk. If you get an overzealous employee they will do things by the book and charge you the greater of the two. If you're lucky, they will overlook it and do what works best for you.
If you want a guarantee that you will pay less than wholesale amount you can get your car appraised and inform the appraiser of your intention. 99% of appraisers will work with you, just don't expect them to give you a $0 appraisal. This being said, I have personally dealt with several MTO employees that insisted appraisals meant nothing. Even going as far as speaking to their supervisor. If the MTO employee does not want to cut you some slack, they simply won't. It's frustrating but my advice for you at that point is to go to a different office or pay the extra amount.
Hope this clarifies things.
If you want a guarantee that you will pay less than wholesale amount you can get your car appraised and inform the appraiser of your intention. 99% of appraisers will work with you, just don't expect them to give you a $0 appraisal. This being said, I have personally dealt with several MTO employees that insisted appraisals meant nothing. Even going as far as speaking to their supervisor. If the MTO employee does not want to cut you some slack, they simply won't. It's frustrating but my advice for you at that point is to go to a different office or pay the extra amount.
Hope this clarifies things.
02-09-2016, 08:10 AM
#18
To make things clear, the law states when you purchase a vehicle privately you must pay tax on either the wholesale amount (UVIP value) or the amount written on the bill of sale (last page of the UVIP), the greater of the two. You can definitely get by paying less than wholesale value by declaring a lesser value on the bill of sale but this depends entirely on the employee working at the desk. If you get an overzealous employee they will do things by the book and charge you the greater of the two. If you're lucky, they will overlook it and do what works best for you.
If you want a guarantee that you will pay less than wholesale amount you can get your car appraised and inform the appraiser of your intention. 99% of appraisers will work with you, just don't expect them to give you a $0 appraisal. This being said, I have personally dealt with several MTO employees that insisted appraisals meant nothing. Even going as far as speaking to their supervisor. If the MTO employee does not want to cut you some slack, they simply won't. It's frustrating but my advice for you at that point is to go to a different office or pay the extra amount.
Hope this clarifies things.
If you want a guarantee that you will pay less than wholesale amount you can get your car appraised and inform the appraiser of your intention. 99% of appraisers will work with you, just don't expect them to give you a $0 appraisal. This being said, I have personally dealt with several MTO employees that insisted appraisals meant nothing. Even going as far as speaking to their supervisor. If the MTO employee does not want to cut you some slack, they simply won't. It's frustrating but my advice for you at that point is to go to a different office or pay the extra amount.
Hope this clarifies things.
