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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?



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      11-16-2012, 08:58 PM   #23
Turb0Surge
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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...
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      11-16-2012, 10:43 PM   #24
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Man the car selling rules in the states are stupid
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      11-17-2012, 03:03 PM   #25
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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.
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      11-19-2012, 09:53 AM   #26
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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.
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      11-19-2012, 02:43 PM   #27
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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...
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      11-19-2012, 05:17 PM   #28
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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
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      11-22-2012, 04:33 AM   #29
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Traded the car, we just decided to "sell" the car to each other. Thanks for all the input though guys!
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