bukhrn wrote:
Tyler0215 wrote:
I live in Iowa. When you purchase a used vehicle the seller signs the title upon full payment and removes the plates.
If buying from a dealer you will get a driveaway plate and a bill of sale.
If you get stopped for no plates, show the signed title or bill of sale. you should be good to go. When you get home, go tot he local DMV and get a new title and plates.
Titling and or registration wasn't the question, paying taxes (presumably, Sales tax) was.
Yes, that is my understanding of the question: When and where do I pay sales tax?
Answer: You pay the sales tax when you register the trailer. Since you will not register or title it in Iowa, you will pay no tax there. The above description of the procedure is probably correct. The existing title, signed for transfer, and the Bill Of Sale are all you will need to show when towing the trailer home.
when you get it home, satisfy any inspection requirements, and get the title transferred and a new license plate. You will pay any sales tax required in your state at that time.
