abscate wrote: ↑Thu Jan 30, 2020 11:42 amIll be tax free foreverbut if selling to another person used you only have to pay tax if you make a profit.
In NY state, the buyer has to pay the sales tax on the purchase price of the used car when they go to register it, at the prevailing rate between 6-8.25%. Ill confess to under-reporting when I was younger and stupider, now I am a grown up and pay my share.Of course, the cars I bought when I was younger rarely went over $100, so it was petty crime.
Now Im in the $500 car regime, and I would be a big time criminal
We have an app for instantly changing ownership of the car in the vehicle registry using digital ID and a QR code from the car's latest registration papers. Nothing else involved apart from making the actual deal.
Ownership is separate from the car's own registration. The plates stay with the car it's whole existence.