E90Post
 


Motormavericks
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > General E90 Sedan / E91 Wagon / E92 Coupe / E93 Cabrio > How do you trade a car with someone?



Reply
 
Thread Tools Search this Thread
      11-16-2012, 08:58 PM   #23
Turb0Surge
Lieutenant Colonel
United_States
52

 
Turb0Surge's Avatar
 
Drives: BLACK e90 335i
Join Date: May 2012
Location: Lincoln, CA


Posts: 1,517
iTrader: (0)

Quote:
Originally Posted by techwhiz View Post
They watch the selling price.
They will send you a bill for the additional if the sale price is well be low market value.
Otherwise you must justify it by showing pictures or receipts of mechanical work.
Price is at the bottom of KBB or get dinged.

Not true. In the last 3 years I sold a bunch of cars & bikes. In most cases the "lower tax rate" was a part of the deal. The CA dmv doesn't look at market rates and it does not send any bills to anyone for additional tax. Bad info...
__________________
Appreciate 0
      11-16-2012, 10:43 PM   #24
MGT81
Lieutenant
Canada
12

 
Drives: 335xi
Join Date: Jun 2012
Location: Calgary


Posts: 452
iTrader: (0)

Man the car selling rules in the states are stupid
Appreciate 0
      11-17-2012, 03:03 PM   #25
e90_will
Private First Class
9

 
Drives: e90 335i
Join Date: Feb 2012
Location: SoCal


Posts: 127
iTrader: (7)

Quote:
Originally Posted by Turb0Surge View Post
As long as you and the other guy keep your stories strait, you're fine. But most of the time they don't question it. (done it a few times, no one questioned anything.)
So you think I would be okay putting a ridiculously low price? Like maybe just a few 1000.
Appreciate 0
      11-19-2012, 09:53 AM   #26
Turb0Surge
Lieutenant Colonel
United_States
52

 
Turb0Surge's Avatar
 
Drives: BLACK e90 335i
Join Date: May 2012
Location: Lincoln, CA


Posts: 1,517
iTrader: (0)

Quote:
Originally Posted by e90_will View Post
So you think I would be okay putting a ridiculously low price? Like maybe just a few 1000.
As long as you both say that's what you sold it for, you'll be fine.
__________________
Appreciate 0
      11-19-2012, 02:43 PM   #27
haskindm
New Member
0

 
Drives: 2009 E93 335i
Join Date: Sep 2012
Location: Maryland


Posts: 11
iTrader: (0)

Don't take legal advice from people on a forum! Check with your DMV to see what the rules are in your area. In Maryland a car can only be "gifted" between certain family members. If the car is not gifted, you will need to pay tax on the "fair market value" of the vehicle. Does not matter if no money changes hands, it is technically not a sales tax, it is a title tax that is paid upon the transfer of the title. Also, if the car is not "gifted" it will need to be inspected before it can be retitled. Your mileage may vary...
Appreciate 0
      11-19-2012, 05:17 PM   #28
signman
Private
United_States
0

 
signman's Avatar
 
Drives: 2006 330i
Join Date: Oct 2012
Location: westchester county ny


Posts: 59
iTrader: (0)

Garage List
2006 BMW 330i  [0.00]
Quote:
Originally Posted by e90_will View Post
Hey I know the process of selling a car, but what about trading?
Im interested in someone elses car and am still debating if I should trade or not, but how is the process done? Do I have to just sell my car to him, and he sells his to me? Thanks for the input in advance.
ive done this before and we exchanged cash or money , so it becomes a regular purchase, title, paperwork as normal for the purposes of motor vehicle and all that.

then another receipt dictating the car as trade, and as part of the whole sale

now that i'm writing it its osunds complex, but that how it went down.
It was in PA, so we were able to drive together to some place that does all that in one shot.

people have to be cool about it and it does work
__________________
Appreciate 0
      11-22-2012, 04:33 AM   #29
e90_will
Private First Class
9

 
Drives: e90 335i
Join Date: Feb 2012
Location: SoCal


Posts: 127
iTrader: (7)

Traded the car, we just decided to "sell" the car to each other. Thanks for all the input though guys!
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -5. The time now is 01:39 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST