Question on second hand car

[lddaritho]

Second hand car private party nunchi thesukunte , do we have to pay taxes and registration 

[BabuDEVUDU]

registration yes, taxes yes (but if car is given as gift, no taxes)

[AndhraneedSCS]

Which state?

[Paamu]

tax tagginchaali ante.... amount takkuva ani raayinchaali..... difference cash lo ivaali if other party is ok with it. Gift option best but it may not work with non desis ?

[lddaritho]

21 hours ago, Paamu said:

tax tagginchaali ante.... amount takkuva ani raayinchaali..... difference cash lo ivaali if other party is ok with it. Gift option best but it may not work with non desis ?

Who possibly?

[Paamu]

1 hour ago, lddaritho said:

Who possibly?

Artham kaale, Desi ante edanna relative ani close friend ani cheppachu in case em anna issue aythe. Non desi aythe koncham kastam vaadu car gift iche antha close friend ani prove cheyyadam and tax eggottadaanike cheyyadam ledu ani prove cheyyadam kastam. 

[lddaritho]

3 hours ago, Paamu said:

Artham kaale, Desi ante edanna relative ani close friend ani cheppachu in case em anna issue aythe. Non desi aythe koncham kastam vaadu car gift iche antha close friend ani prove cheyyadam and tax eggottadaanike cheyyadam ledu ani prove cheyyadam kastam. 

Why not bro ?

[phatposts]

State specific. Most state do derived DMV/RMV value or sale price - whichever is higher. 

If you got from private party and put the sale price as $500 (example) but as per DMV's calculation the car is worth $4000 - you will pay taxes on $4000. 

Maa state (MA) lo taxes are exempted only when the sale happens within family and you will need to provide proof. 

[Paamu]

4 hours ago, lddaritho said:

Why not bro ?

 

4 hours ago, phatposts said:

State specific. Most state do derived DMV/RMV value or sale price - whichever is higher. 

If you got from private party and put the sale price as $500 (example) but as per DMV's calculation the car is worth $4000 - you will pay taxes on $4000. 

Maa state (MA) lo taxes are exempted only when the sale happens within family and you will need to provide proof. 

This is correct. 

[lddaritho]

27 minutes ago, Paamu said:

 

This is correct. 

How you know 

[Paamu]

31 minutes ago, lddaritho said:

How you know 

No first hand experience. Friends tho discussions in the past and remember reading it somewhere may be Reddit while I was buying a used car from my friend. Small amount aythe ok …. Big amount aythe seller no antadu. Anyway car value entha. Also what is the state do you live in. Seller kooda willing to accept to give it as a gift. 

[lddaritho]

26 minutes ago, Paamu said:

No first hand experience. Friends tho discussions in the past and remember reading it somewhere may be Reddit while I was buying a used car from my friend. Small amount aythe ok …. Big amount aythe seller no antadu. Anyway car value entha. Also what is the state do you live in. Seller kooda willing to accept to give it as a gift. 

Post proof don’t post crap