I'm considering trading my Z for another one, but not with a dealer. Does one pay tax to the DMV on a straight trade between two private parties if no money is exchanged? If so, how is the amount calculated?

 

in nc you pay no tax for the trade just property tax on your new car. hope that helps

 

YES!!!
California will tax you. A straight trade, car for car, is the same as a straight trade cash for car.
Once you get to the DMV to register your car, they will ask what you paid for the car. DO NOT say it was a trade, or they will look up the value and tell you what your taxes are. Tell them you bought it cheap. ( if the value is $25k, tell them $12500 ) Or lie and say family transfer, then they just give you the minimum tax amount. ($36 last time I did it )

 

Yes.

 

How much BS is all of that? You are not earning any money on selling you car, in fact you might be losing money, you are just transferring the way you posses an asset. If you had a Honda Civic and its value is 14,000 and you sell it for 14,000, you haven't profited, you have just changed the way you posses property. Thank god I live, and reside in NC (at least my permanent address does)

 

CA calls it a "use tax" which is basically sales tax...even if you bought the car out of state...or traded for it. Complete BS.

 

^^ this is correct. You will pay a use tax on a vehicle trade, even if no cash is involved.

 

Wrong. When you go to DMV to apply for a new title, they will require you to pay a sales tax based on the book value of the car you aquired.

The state doesn't car how yu aquired teh vehicle (cash trade, or even gift) when you apply for a title, they will assess and collect the tax.

And many counties (including mine) wil also require and annual personal property tax.

bill

 

New Hampshire taxes nothing.....except property

 

How would you tell them its a family transfer if the other guy's name on the title isn't close to yours?

 

AK has no tax. this state blows, but that an awesome thing when buying a car. - Although they do have a crazy 'dealer markup' sooo, so much for no tax eh. lol.

 

How is the new 350Z working out?