not needed if bringing to Mich., if it doesn't have a spot for purchase price, won't hurt to get a Bill of sale that shows it, or you may need to pay taxes on KBB pricing
I know Texas titles don't have the spot for the price, my truck came from there
In Michigan it doesn't matter, tax is based on what you
paid or book value, whichever is higher.
Thanks Guys
That is unfortunate. The car is not all that nice but still books fairly high.
In Michigan it doesn't matter, tax is based on what you
paid or book value, whichever is higher.
In Michigan it doesn't matter, tax is based on what you
paid or book value, whichever is higher.
I have never paid anymore of taxes other then what was written on the title. I was told by a worker at the SOS that the sale price that was written down seems awful cheap and Lansing may investigate it.
not exactly, I've only ever paid taxes on the actually sale price on the title, if no amount is given, or there are questions, they can go with the KBB price
I've bought many a car for $100 actual price, never questioned
I have never paid anymore of taxes other then what was written on the title. I was told by a worker at the SOS that the sale price that was written down seems awful cheap and Lansing may investigate it.
not exactly, I've only ever paid taxes on the actually sale price on the title, if no amount is given, or there are questions, they can go with the KBB price
I've bought many a car for $100 actual price, never questioned
They can and will send a bill if you pay taxes on what they seem is too low for the car. It's happened to me.