-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
-
On today's TMC Podcast, we ask the question "What is the Tesla Cybercab?". Join us on YouTube live at 1PM and participate in the chat.
Buy EV in another state with No Sales Tax?
- Thread starter acpd
- Start date
Yes, probably. Check your local laws to make sure.
I once had my mom buy a car on my behalf, because at the same time I was trying to get approved for the largest mortgage lenders were willing to offer. I didn't want that debt to appear on my balance sheet and reduce the mortgage amount. I paid the car off long ago, but never bothered to register it in my name. I'm "borrowing" mom's car even though it's insured by me. The other benefit was no DEQ requirement in the county mom lives in.
Any day now federal prosecutors will indict me for fraud, under-representing the value of my liabilities, and I'll have to pay half a billion in damages.
As an aside, it was no problem paying on the largest mortgage I could get despite my meager salary, because I got 3 roommates in that 4 bedroom house to pay it all, as was my plan all along. I've since moved, but still have tenants paying well over all costs, and the value has more than doubled in the 14 years.
I once had my mom buy a car on my behalf, because at the same time I was trying to get approved for the largest mortgage lenders were willing to offer. I didn't want that debt to appear on my balance sheet and reduce the mortgage amount. I paid the car off long ago, but never bothered to register it in my name. I'm "borrowing" mom's car even though it's insured by me. The other benefit was no DEQ requirement in the county mom lives in.
Any day now federal prosecutors will indict me for fraud, under-representing the value of my liabilities, and I'll have to pay half a billion in damages.
As an aside, it was no problem paying on the largest mortgage I could get despite my meager salary, because I got 3 roommates in that 4 bedroom house to pay it all, as was my plan all along. I've since moved, but still have tenants paying well over all costs, and the value has more than doubled in the 14 years.
In Washington state, a car registered in the state is assessed a tax, I believe based on weight. So even if one purchased the car in a state with no sales tax, Washington still imposes a tax.
I don't know the full details because I drove "mom's" car from out of state, which is perfectly legal. I did that for about 12 years.
I don't know the full details because I drove "mom's" car from out of state, which is perfectly legal. I did that for about 12 years.
Not sure where you are located, but here in CA they charge sales tax when a car is bought new in the state and a "use" tax when a used car is bought (either in-state or brought in from out of state). The use tax is equivalent to the sales tax rate.
So if I buy a new car here, I pay sales tax. If I buy a car from someone in AZ or OR or WA and bring it back into CA, I have to pay a use tax in order to register the vehicle. So the state collects an equivalent amount to the sales tax every time a car changes hands...
So if I buy a new car here, I pay sales tax. If I buy a car from someone in AZ or OR or WA and bring it back into CA, I have to pay a use tax in order to register the vehicle. So the state collects an equivalent amount to the sales tax every time a car changes hands...
Similar threads
