02-10-2004, 02:45 PM
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#1 |
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Vice Admiral
  
Join Date: Jan 2000
Posts: 4,352
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Selling a car...need some advice
I'm selling my sister Jetta and found a buyer.
Now the question is this, is there a way to avoid the sales tax? I don't think I can transfer it as a gift and I think selling it for a $1 is kind of fishy. Now I know its not my problem since its the buyers that are paying the tax, BUT the folks are nice and I want to see if I can help them out without having to lower my asking price. Thanks for your time.  |
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02-10-2004, 03:07 PM
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#2 |
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Chief of Naval Operations
 
Join Date: Jun 2000
Location: the burbs of baltimore
Posts: 11,924
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well you could always write on the title a lower (yet reasonable) price. In maryland...even if you sell it for $1, if it's not family, they'll charge you tax for the blue book value.
i think you have to do it within 10-15% of the bluebook value for it to be charged the normal rate.
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