CA Tax question
#1
Registered User
Thread Starter
Join Date: Nov 2005
Location: LA
Posts: 606
Likes: 0
Received 0 Likes
on
0 Posts
CA Tax question
Hello,
If I am purchasing a car from a private party, would there still be taxes that needs to be paid?
I am just trying to see what my initial cost would be for all the fees and what not.
Thank you.
If I am purchasing a car from a private party, would there still be taxes that needs to be paid?
I am just trying to see what my initial cost would be for all the fees and what not.
Thank you.
#3
Registered User
The amount will be based on the price on the bill of sale. For lower-priced cash transactions I, uh, have seen people write the bill of sale for less than the actual price to reduce the tax impact on the buyer.
#5
Registered User
Thread Starter
Join Date: Nov 2005
Location: LA
Posts: 606
Likes: 0
Received 0 Likes
on
0 Posts
thanks guys,
lets say the car is $24k and has registration until oct. 06.
so to calculate my initial cost on fees and etc would be 8.25% tax in LA ... plus what other fees would be involved?
thanks for all the replies! im a first time car buyer and would like to consider all the factors and not have any unexpected expenses later on when i do the transaction.
lets say the car is $24k and has registration until oct. 06.
so to calculate my initial cost on fees and etc would be 8.25% tax in LA ... plus what other fees would be involved?
thanks for all the replies! im a first time car buyer and would like to consider all the factors and not have any unexpected expenses later on when i do the transaction.
#7
Registered User
Join Date: May 2003
Location: Palo Alto
Posts: 2,941
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Penforhire,Dec 15 2005, 03:56 PM
The amount will be based on the price on the bill of sale. For lower-priced cash transactions I, uh, have seen people write the bill of sale for less than the actual price to reduce the tax impact on the buyer.
Trending Topics
#8
Here is dmv website to calculate all the fees.
https://vrir.dmv.ca.gov/FeeCalculato...esidentForm.do
#9
Registered User
Steven... no shit Sherlock.
Hpark, are you an IRS agent, admirer of our tax system, or what? Giving the finger over some friendly obviously illegal advice is a little extreme, eh?
Hpark, are you an IRS agent, admirer of our tax system, or what? Giving the finger over some friendly obviously illegal advice is a little extreme, eh?
#10
Registered User
Join Date: Jun 2004
Location: Bay Area, CA
Posts: 421
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Penforhire,Dec 15 2005, 07:36 PM
Steven... no shit Sherlock.
Hpark, are you an IRS agent, admirer of our tax system, or what? Giving the finger over some friendly obviously illegal advice is a little extreme, eh?
Hpark, are you an IRS agent, admirer of our tax system, or what? Giving the finger over some friendly obviously illegal advice is a little extreme, eh?
But they are unlikely to track you down unless so make it real obvious (aka $1)