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Sold my vehicle...need some advice

Home ▸ Archive ▸ Serious Business ▸ Sold my vehicle...need some advice
Benny The Jet's avatar

Benny The Jet

Senior Member

2,987 posts
Feb 20, 2012 8:58 PM
I sold my vehicle to a person, and they asked if when we took it to the DMV to sign over the title, that I'd sign off saying I sold it for a lot less so the guy wouldn't have to pay as much on taxes.
Anyone done this before? Are they pretty strict on that? Or do they not really check into it? Would I be the one getting in trouble or the guy who asked?
Feb 20, 2012 8:58pm
GoChiefs's avatar

GoChiefs

Resident Maniac

16,754 posts
Feb 20, 2012 9:00 PM
I've done it with every car I've sold. No questions asked.
Feb 20, 2012 9:00pm
Fab1b's avatar

Fab1b

The Bald A-Hole!!

12,949 posts
Feb 20, 2012 9:03 PM
Yep never an issue
Feb 20, 2012 9:03pm
said_aouita's avatar

said_aouita

Banned

8,532 posts
Feb 20, 2012 9:03 PM
Benny The Jet;1091581 wrote:I sold my vehicle to a person, and they asked if when we took it to the DMV to sign over the title, that I'd sign off saying I sold it for a lot less so the guy wouldn't have to pay as much on taxes.
Anyone done this before? Are they pretty strict on that? Or do they not really check into it? Would I be the one getting in trouble or the guy who asked?
Tewll them it's a close friend and you sold it for one dollar.
Feb 20, 2012 9:03pm
said_aouita's avatar

said_aouita

Banned

8,532 posts
Feb 20, 2012 9:03 PM
Benny The Jet;1091581 wrote:I sold my vehicle to a person, and they asked if when we took it to the DMV to sign over the title, that I'd sign off saying I sold it for a lot less so the guy wouldn't have to pay as much on taxes.

Anyone done this before? Are they pretty strict on that? Or do they not really check into it? Would I be the one getting in trouble or the guy who asked?
Tell them it's a close friend and you sold it for one dollar.
Feb 20, 2012 9:03pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Feb 20, 2012 9:03 PM
Yeah....they don't know, care or check into it.
Feb 20, 2012 9:03pm
Fab1b's avatar

Fab1b

The Bald A-Hole!!

12,949 posts
Feb 20, 2012 9:06 PM
I actually gifted a car to my sister a few months ago
Feb 20, 2012 9:06pm
LJ's avatar

LJ

Senior Member

16,351 posts
Feb 20, 2012 9:10 PM
Just make sure you are both on the same page if you get a state audit letter.

Where people get caught is when the seller just gets the title notarized and then the buyer fills in the rest. Then the buyer and seller will get an audit letter and the seller will put $10,000 and the buyer will put $5,000. Typically the buyer is the one who gets in trouble, because they are the one who dodged the tax
Feb 20, 2012 9:10pm
stroups's avatar

stroups

Senior Member

3,223 posts
Feb 20, 2012 9:20 PM
The notary could also possibly get in trouble for notarizing a title without all the information filled in.
Feb 20, 2012 9:20pm
LJ's avatar

LJ

Senior Member

16,351 posts
Feb 20, 2012 9:31 PM
stroups;1091610 wrote:The notary could also possibly get in trouble for notarizing a title without all the information filled in.
The purchase price doesn't have to be filled in. That is in the application of title portion, which is after the seller's portion is notarized
Feb 20, 2012 9:31pm
W

WebFire

Go Bucks!

14,779 posts
Feb 20, 2012 10:19 PM
Ironman92;1091595 wrote:Yeah....they don't know, care or check into it.
Yes they do. I did this once and got a letter telling the book value was X. I either had to pay the difference in tax between the price I put and the book value, or show proof of my purchase price.

I mailed a check.
Feb 20, 2012 10:19pm
NYFan54's avatar

NYFan54

I got deez cheeseburgers

570 posts
Feb 20, 2012 10:33 PM
I usually "sell" my vehicles for $500 if they're not in the greatest shape
Feb 20, 2012 10:33pm
S

Steel Valley Football

Senior Member

4,548 posts
Feb 21, 2012 11:00 AM
Don't do it. You WILL go jail. I have your IP address.
Feb 21, 2012 11:00am
M

Mister Twister

Senior Member

185 posts
Feb 21, 2012 11:12 AM
^^^^^^^^^^^^^^^^^^^^^

And not the country club jail. They will send you to the Federal FUCK YOU IN THE ASS prison!!!
Feb 21, 2012 11:12am
S

Steel Valley Football

Senior Member

4,548 posts
Feb 21, 2012 11:48 AM
Mister Twister;1091872 wrote:^^^^^^^^^^^^^^^^^^^^^

And not the country club jail. They will send you to the Federal **** YOU IN THE ASS prison!!!

Or, as Con Alma calls it: recollections of my childhood visits to my uncles farm.
Feb 21, 2012 11:48am
2kool4skool's avatar

2kool4skool

Senior Member

1,804 posts
Feb 21, 2012 2:01 PM
Feb 21, 2012 2:01pm
dwccrew's avatar

dwccrew

Not Banned

7,817 posts
Feb 21, 2012 3:59 PM
Have done this with every vehicle I have sold with no issue.
Feb 21, 2012 3:59pm
W

WebFire

Go Bucks!

14,779 posts
Feb 21, 2012 6:14 PM
I did it with 1 with issue.
Feb 21, 2012 6:14pm
J

June18

Senior Member

298 posts
Feb 21, 2012 7:43 PM
As was stated above, the only problem is if one person does it and doesn't tell the other one. Other than that, no way for them to find out.
Feb 21, 2012 7:43pm
L

lolpha

Feb 22, 2012 12:52 AM
Just another Democrat looking to avoid taxes. You should have called the cops on him, pussy.
Feb 22, 2012 12:52am