How to Trade Cars?

M

Makdaddymac

New Member

May 28, 2005

323

1

0

orlando

Aug 9, 2008

#1

• Aug 9, 2008

• #1

hey guys im trying to sell/trade my dd. beater MIATA....
wel i keep getting offers to trade. And i wanted to know the best way to do it.... besides just signing are titles over and leaving...although the easiest. than do i record it as a trade when it comes to cost....

 

Mustang5L5

That is…until I whipped out my Bissell

Mod Dude

Feb 18, 2001

43,260

17,944

224

Massachusetts

Aug 9, 2008

#2

• Aug 9, 2008

• #2

Sell them for $1??

 

Fett

New Member

Nov 2, 2004

766

6

0

Aug 9, 2008

#3

• Aug 9, 2008

• #3

Or notarize each bill of sale as a "gift". No taxes on a gift....that's how I sold my mother my last car. I wrote a bill of sale stating I was giving the car to her, had it notarized, and she paid just a flat fee for title transfer.

 

M

Makdaddymac

New Member

May 28, 2005

323

1

0

orlando

Aug 10, 2008

#4

• Aug 10, 2008

• #4

yeah the 1.00 is a good idea just to tick them off

also wanted to know what you guys think.
i want a 4cycl car under 5k so my likes are:
96-00 Civic 5speed get like almost 40mpg
or s10 extreme 4cycl....

 

Mustang5L5

That is…until I whipped out my Bissell

Mod Dude

Feb 18, 2001

43,260

17,944

224

Massachusetts

Aug 10, 2008

#5

• Aug 10, 2008

• #5

civic

 

BK_CAULEY

it's built for speed not longevity, woman

Dec 26, 2006

0

10

49

Thomasville, ga

Aug 10, 2008

#6

• Aug 10, 2008

• #6

civic. my s10 didnt get that great of mileage.

 

Beasty306GT

Active Member

Dec 19, 2002

671

4

28

Oxford,Mass

Aug 10, 2008

#7

• Aug 10, 2008

• #7

Get yourself a civic..best car for the money...

 

TexasFireman

15 Year Member

Jun 12, 2008

220

150

64

Beaumont Tx

Aug 10, 2008

#8

• Aug 10, 2008

• #8

Make sure you call your Department of Motor Vehicles. I know they just changed the law in Tx. Used to be you could put whatever selling price you wanted on the title transfer and only pay taxes on that. With the new Law, your selling price is automatically set to a certain pr

Here is a link to the new Tx law:
Standard Presumptive Value

Your best bet might be the gift "loophole" if your state has the same law.

 

Gearbanger 101

Straight Outta Locash

20+ Year Stangneter

Aug 10, 2002

9,457

1,377

234

Ontario, Canada

Aug 10, 2008

#9

• Aug 10, 2008

• #9

Makdaddymac said:

yeah the 1.00 is a good idea just to tick them off ....

Click to expand...

That's not the way it works here in Ontario. Both parties are required to pay the taxes on the black book value of the vehicle regardless of the conditions of the sale. It sucks for us legit guys have to suffer for it, but it keeps the scammers who always try to pass off vehicle sales as "gifts" from railroading the system.

SickSix said:

Get yourself a civic..best economy car for the money...

Click to expand...

Fixt.

 

QUICK91LX

Founding Member

Dec 7, 2001

968

3

39

New Jersey

Aug 10, 2008

#10

• Aug 10, 2008

• #10

SickSix said:

Get yourself a civic..best car for the money...

Click to expand...

civics are great cars no doubt, but my experience in dealing with countless used cars at work shows me that corolla's are better cars, though often a bit more $$ and not as sporty

 

M

Makdaddymac

New Member

May 28, 2005

323

1

0

orlando

Aug 10, 2008

#11

• Aug 10, 2008

• #11

yeah i here the 2.2l s10's only get like 22mpg vs a civic 35+

civic all the way...

i found a nice one with a stock appearence plus nice stock rims lowered with tint and no fart cannon....for a steal...but its got a rebuilt title will i have any trouble with that when it comes to transfering it to my name?