# Sales Tax On Private Buy

**URL:** <https://forums.speedlife.net/t/sales-tax-on-private-buy/267082>\
**Category:** Shift518 Automotive\
**Created:** [May 24, 2013, 9:41am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082 "2013-05-24T09:41:12Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![02rallyblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/02rallyblue/32/6756_2.png) [@02rallyblue](https://forums.speedlife.net/u/02rallyblue)\
**Post date:** [May 24, 2013, 9:41am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/1 "2013-05-24T09:41:12Z")

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Hey guys, i was looking for a thread on this but couldnt find the answer i was really looking for.  
had to get a loan for 13500, for a 15000$ car.  
dont want to pay 1500$ in sales tax at DMV. if i put down on a different Bill of Sale that i paid 10,000$ do you think i can get away with it? i just wasnt sure if the Bank is at all connected to DMV. thanks!

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**Author:** ![02rallyblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/02rallyblue/32/6756_2.png) [@02rallyblue](https://forums.speedlife.net/u/02rallyblue)\
**Post date:** [May 24, 2013, 9:41am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/2 "2013-05-24T09:41:41Z")

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Its a 2007 WRX with 66k on it.

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**Author:** ![ds50r](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ds50r/32/3491_2.png) [@ds50r](https://forums.speedlife.net/u/ds50r)\
**Post date:** [May 24, 2013, 9:48am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/3 "2013-05-24T09:48:18Z")

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if u paid cash you could have put down whatever you wanted but since u took out a loan your sol and need to pay the tax on the loan

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**Author:** ![02rallyblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/02rallyblue/32/6756_2.png) [@02rallyblue](https://forums.speedlife.net/u/02rallyblue)\
**Post date:** [May 24, 2013, 9:51am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/4 "2013-05-24T09:51:35Z")

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of course -\_-

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**Author:** ![Sully93vr4](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sully93vr4/32/6278_2.png) [@Sully93vr4](https://forums.speedlife.net/u/Sully93vr4)\
**Post date:** [May 24, 2013, 9:51am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/5 "2013-05-24T09:51:46Z")

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Probably an awesome idea to post a question like this on a public forum…  
IRS doesn’t play games.

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**Author:** ![GD3Skier](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/gd3skier/32/6400_2.png) [@GD3Skier](https://forums.speedlife.net/u/GD3Skier)\
**Post date:** [May 24, 2013, 9:54am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/6 "2013-05-24T09:54:06Z")

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Yeah DMV will see a copy of the lien because it will go on your title. The conflicting info won’t go over well with tax and finance. Bite the bullet and pay the tax.

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**Author:** ![KrazyKid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/krazykid/32/6371_2.png) [@KrazyKid](https://forums.speedlife.net/u/KrazyKid)\
**Post date:** [May 24, 2013, 10:12am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/7 "2013-05-24T10:12:38Z")

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/\ good point, the lien will tell

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**Author:** ![02rallyblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/02rallyblue/32/6756_2.png) [@02rallyblue](https://forums.speedlife.net/u/02rallyblue)\
**Post date:** [May 24, 2013, 10:14am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/8 "2013-05-24T10:14:15Z")

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meh -\_\_- and just because im posting a question about it doesnt mean its going to take place. just getting opinions. thats allowed

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**Author:** ![KrazyKid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/krazykid/32/6371_2.png) [@KrazyKid](https://forums.speedlife.net/u/KrazyKid)\
**Post date:** [May 24, 2013, 10:16am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/9 "2013-05-24T10:16:08Z")

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its not like shes signing the MV802 with her shift log on either! lol

$1080 is due + all the fees n shit.

FU NYS

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**Author:** ![KrazyKid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/krazykid/32/6371_2.png) [@KrazyKid](https://forums.speedlife.net/u/KrazyKid)\
**Post date:** [May 24, 2013, 10:21am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/10 "2013-05-24T10:21:02Z")

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hang on. Why cant you tell the DMV that the loan was for the vehicle ammount + the sales tax ammount? I mean thats how dealers sell cars, right? Fees, Tax, Regi, etc is wrapped up into a single loan ammount.

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**Author:** ![GD3Skier](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/gd3skier/32/6400_2.png) [@GD3Skier](https://forums.speedlife.net/u/GD3Skier)\
**Post date:** [May 24, 2013, 10:21am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/11 "2013-05-24T10:21:10Z")

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DTF-802 but yeah fuck NY. I love how a car in its life has the potential to have more sales tax paid on it than the price it originally sold for if its resold enough.

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**Author:** ![GD3Skier](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/gd3skier/32/6400_2.png) [@GD3Skier](https://forums.speedlife.net/u/GD3Skier)\
**Post date:** [May 24, 2013, 10:22am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/12 "2013-05-24T10:22:18Z")

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> [@Financing question](https://forums.speedlife.net/t/financing-question/51256/20):
>
> hang on. Why cant you tell the DMV that the loan was for the vehicle ammount + the sales tax ammount? I mean thats how dealers sell cars, right? Fees, Tax, Regi, etc is wrapped up into a single loan ammount.

I think it was a private sale. However dealer sales in MA are nice because any sales tax paid there is reciprocal with NY.

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**Author:** ![KrazyKid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/krazykid/32/6371_2.png) [@KrazyKid](https://forums.speedlife.net/u/KrazyKid)\
**Post date:** [May 24, 2013, 10:23am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/13 "2013-05-24T10:23:36Z")

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on the sale of the old car private, can that be considered into the tax difference between the two like dealers do? I usually just bend over and pay tax on the car i am about to regi so i never took the time to look into this crap that much

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**Author:** ![GD3Skier](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/gd3skier/32/6400_2.png) [@GD3Skier](https://forums.speedlife.net/u/GD3Skier)\
**Post date:** [May 24, 2013, 10:25am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/14 "2013-05-24T10:25:46Z")

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> [@FS: 2004 honda accord v6 6spd](https://forums.speedlife.net/t/fs-2004-honda-accord-v6-6spd/52281/12):
>
> on the sale of the old car private, can that be considered into the tax difference between the two like dealers do? I usually just bend over and pay tax on the car i am about to regi so i never took the time to look into this crap that much

Edit: Omitted for bad info

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<div class="post-metadata">

**Author:** ![KrazyKid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/krazykid/32/6371_2.png) [@KrazyKid](https://forums.speedlife.net/u/KrazyKid)\
**Post date:** [May 24, 2013, 10:26am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/15 "2013-05-24T10:26:25Z")

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> [@Tape backup solutions...](https://forums.speedlife.net/t/tape-backup-solutions/52814/9):
>
> I think it was a private sale. However dealer sales in MA are nice because any sales tax paid there is reciprocal with NY.

so becasue it was private in MA its doesnt matter. If it was a dealer it would work liek I said the difference from the trade value and the selling value.

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**Author:** ![Sully93vr4](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sully93vr4/32/6278_2.png) [@Sully93vr4](https://forums.speedlife.net/u/Sully93vr4)\
**Post date:** [May 24, 2013, 10:26am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/16 "2013-05-24T10:26:42Z")

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I’m just saying that, if you’re going to commit tax fraud, it’s worth asking someone in person and not on a public forum. Yea you’re right, there’s like a 99.999% chance this couldn’t be linked to his name, but it’s worth the effort to just ask someone in person. imo.  
I had the Tax&Finance dept catch me on this before too, lol. So, I’m trying to spare anyone else of this matter. :rofl

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**Author:** ![02rallyblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/02rallyblue/32/6756_2.png) [@02rallyblue](https://forums.speedlife.net/u/02rallyblue)\
**Post date:** [May 24, 2013, 10:27am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/17 "2013-05-24T10:27:03Z")

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so i cant figure out the difference to show that i got the loan for 13500 to pay for the car+ the sales tax?

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**Author:** ![GD3Skier](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/gd3skier/32/6400_2.png) [@GD3Skier](https://forums.speedlife.net/u/GD3Skier)\
**Post date:** [May 24, 2013, 10:30am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/18 "2013-05-24T10:30:13Z")

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> [@Looking for: Side jobs](https://forums.speedlife.net/t/looking-for-side-jobs/52693/23):
>
> so becasue it was private in MA its doesnt matter. If it was a dealer it would work liek I said the difference from the trade value and the selling value.

Yes. And I just checked. If its a private sale and you trade cars with someone even if no cash is exchanged you still pay tax on the new cars value. FUNY!

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**Author:** ![02rallyblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/02rallyblue/32/6756_2.png) [@02rallyblue](https://forums.speedlife.net/u/02rallyblue)\
**Post date:** [May 24, 2013, 10:30am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/19 "2013-05-24T10:30:58Z")

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> [@FS: 2004 honda accord v6 6spd](https://forums.speedlife.net/t/fs-2004-honda-accord-v6-6spd/52281/13):
>
> I’m just saying that, if you’re going to commit tax fraud, it’s worth asking someone in person and not on a public forum. Yea you’re right, there’s like a 99.999% chance this couldn’t be linked to his name, but it’s worth the effort to just ask someone in person. imo.  
> I had the Tax&Finance dept catch me on this before too, lol. So, I’m trying to spare anyone else of this matter. :rofl

appreciate the concern, its just easier to post and get a good amount of peoples responses, almost everyone has a different opinion.

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**Author:** ![RocketPunch](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rocketpunch/32/6429_2.png) [@RocketPunch](https://forums.speedlife.net/u/RocketPunch)\
**Post date:** [May 24, 2013, 10:34am UTC](https://forums.speedlife.net/t/sales-tax-on-private-buy/267082/20 "2013-05-24T10:34:16Z")

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I am sure OP is asking for his cousin’s girlfriend’s brother’s roommate…:rofl

You don’t have to pay tax on anything if you denounce your USA citizenship, like those actors and so called music “artist”…:rofl

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