Bling Bling Bill

sale. I have to go get my tag and pay my tax. The bank told me I actually don't have to claim the amount i borrowed for the loan i can actually use whatever is on the bill of sale. Well the guy won't answer the phone, but i already have a bill of sale it's just for the loan amount. I'm contemplating doing some creative editing not by an insane amount less but just less. Anyone heard any horror stories of the ramifications of if it's even possible to see a reprocussion.



Actually just talked to the tag office you don't even need to bring the bill of sale just fill out the sale amount on the completed title anyone have any law info. someone just suggested i write it out at a smaller number and i could just play dumb if something ever happend and just say that's an 8 not a 2 or say oh I had so many different car numbers in my head i thought that was the amount i was suppose to put on there

mike*green

Unless you are leasing it, then there is other taxes which I don't enough to speak of.

Did you buy from a private seller or dealer? If dealer, they should be doing the title paperwork for you.. If they are fudging the numbers you should be concerned that if they are screwed the State they will screw you as well :-)

If you put a price down that is more than 8-12% (not sure if it that is the exact range, but there is a range) of book value, they will charge you tax based on the book value. Generally that will come in a bill from the local tax collector within 3-4 months.

<soapbox> Bill, it is tax. Be happy Florida does not have an income tax and pay the sales tax... I pay 5% of my salary to VA, that is more than combined tax I have paid on all the cars I've bought in FL.
</soapbox>

Bling Bling Bill

you mean if i put down a number less than 8-12% less than bluebook?

mike*green

Oops, correct... meant to say "more than 8-12% less"

Bling Bling Bill

aight so maybee i'll just imbelish it a little

Greg PAW

if that's the case just tell them the car had a blown engine or something and you bought it for 2k

Bling Bling Bill

do with the loan amount. so are they right or wrong? They basically said it's up to me how much i want to write on the completed title so can i do technically what greg said and say oh it had some engine problems and alot of exterior flaws?