Pay tax on MSRP or actual sale price?
We bought a new Fuzion a couple weeks ago in Colorado. Just got the title in the mail, and noticed that the price listed was the inflated MSRP, which was $50,000 more than we paid. So, we're sitting...
Forum Discussion
ol Bombero-JC wrote:Golden_HVAC wrote:
In California.....
So what I am taking 5 paragraphs to say is that some states might tax you based on the recommended sales price, not what you actually paid for it.
You will have to check with your local state.
Good luck!
Fred.
CA - tax is based on what you paid, *not* MSRP.
However, as others posted - for used vehicles the DMV will check what you paid -vs- the Blue Book value.
Tax will *not* be based on an amount *less* than that - even if you really got a great deal on a used vehicle for whatever reason.
The last sentence is the "5 paragraph" solution:
Call the DMV in the state where you reside, and ask..:W
Way better source than posters on an Internet forum.
~
And don't stress until you get the actual tax bill a and see what it says.
