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Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597055 05/13/22 04:24 PM
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onlysmith&wesson Online Content
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130u form and title.

Also, there's another step. Go on line, same state site where you get the form. There's a place where you can actually update immediately that you no longer own it and have sold it. I've done this on the last two I sold.


An unethical shot is one you take, that you know you shouldn't.
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597056 05/13/22 04:25 PM
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If you and the receiver are qualified individuals, there is only the $10 gift tax. Normal transfer and registration fees apply, to change over the title. No sales tax


Beer and whiskey, 'cause you can't drink bacon!!
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597057 05/13/22 04:25 PM
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I will be keeping license tags off anything I sell from here on out. Last truck and trailer sold were toll fee nightmares. The trailer had been sold by the guy I sold it to 3 years later, and I got toll bills for it.



Re: Selling a vehicle to an individual [Re: TurkeyHunter] #8597064 05/13/22 04:51 PM
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Originally Posted by TurkeyHunter
Originally Posted by HuntnFly67
If it is a gift or other transfer with no cost, are there taxes due to new owner?


Gifts are limited.

https://comptroller.texas.gov/taxes/publications/96-254/family-transfers.php

https://statutes.capitol.texas.gov/Docs/TX/htm/TX.152.htm#152.025


Wow. Looks like the gubmint palm is expected to get greased regardless. Should have known better. Friggin' vampires.

Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597070 05/13/22 05:12 PM
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?????
You've never sold a vehicle yourself?


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"If we ever forget that we are One Nation Under God, then we will be a nation gone under." Ronald Reagan


Re: Selling a vehicle to an individual [Re: reeltexan] #8597109 05/13/22 06:44 PM
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Originally Posted by reeltexan

?????
You've never sold a vehicle yourself?


It’s a valid question. Maybe last time was 20 years ago. Things change. This was good subject matter. Just look at how many didn’t know about Vehicle Transfer Notification. Now a lot of members know.


To be determined
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597149 05/13/22 07:44 PM
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I sold my Tacoma off of Craigs list. Had my eyes wide open. I wanted cash. Guys were coming from San Antonio to meet me in Lewisville. The address I gave them to meet was the parking lot of the Lewisville Police Department. They have an exchange area, with cameras. For the test drive, I wanted to sit in the back seat, didn't want anyone behind me. When they pulled out the stack of 78, $100.00 bills, I opened up a counterfeit pen and checked each bill. I had the form, title, did it all right there. One of them asked me, "do you not trust anyone, or just Mexicans?" We laughed our a--es off, shook hands. They put it on a trailer and away they went. I asked them why they wanted it so bad. They paid a good price and came all the way from San Antonio. They told me there was a very high demand for Tacomas in Mexico, especially the dry desert mountains. I left it right there.


An unethical shot is one you take, that you know you shouldn't.
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597164 05/13/22 08:29 PM
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I never see older Tacomas for sale. I see them in the caravans to Mexico coming east on IH10 from California all the time. I bet those guys have to stand guard over them, if they ever take a break to sleep. ninja


...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597271 05/13/22 11:11 PM
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i have sold many. As soon as I sell them I contact my insurance and DMV that it is no longer mine. Never a problem.

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