texashuntingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
trophy_seeker, Huntin-fool, BigO73, Txhunting guy, Hizenbay
69965 Registered Users
Top Posters(All Time)
dogcatcher 110,447
bill oxner 91,415
SnakeWrangler 63,398
stxranchman 59,968
Gravytrain 46,716
RKHarm24 44,585
rifleman 44,461
BMD 41,232
Forum Statistics
Forums46
Topics606,117
Posts11,279,216
Members84,965
Most Online19,184
Feb 5th, 2020
Print Thread
Page 1 of 2 1 2
Selling a vehicle to an individual #8596775 05/13/22 04:04 AM
Joined: Jun 2011
Posts: 27,893
B
Buzzsaw Online Content OP
THF Celebrity
OP Online Content
THF Celebrity
B
Joined: Jun 2011
Posts: 27,893
So, let's say I want to sell my truck to a buddy. I have the title. What's the process? Do I have to pay taxes?


SPACE FOR RENT


Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596785 05/13/22 04:25 AM
Joined: Aug 2009
Posts: 19,998
B
BigPig Online Content
THF Celebrity
Online Content
THF Celebrity
B
Joined: Aug 2009
Posts: 19,998
Both of y’all go to the DMV, it makes life a lot easier. No, you won’t pay taxes, he will.


Wade Dews, REALTOR ®
Rendon Realty, LLC
Pointman Real Estate Team
www.RendonRealty.com
WadeDews@gmail.com
214-356-2410
VETERAN & LAW ENFORCEMENT OWNED & OPERATED

Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596787 05/13/22 04:30 AM
Joined: Jun 2015
Posts: 10,301
R
rickym Online Content
THF Celebrity
Online Content
THF Celebrity
R
Joined: Jun 2015
Posts: 10,301
Bill of sale, sign the title. He pays the taxes, not you.



Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596789 05/13/22 04:32 AM
Joined: Apr 2012
Posts: 1,114
S
SherpaPhil Online Content
Pro Tracker
Online Content
Pro Tracker
S
Joined: Apr 2012
Posts: 1,114
Sign the title, cash the check, walk away.

Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596790 05/13/22 04:33 AM
Joined: Jul 2007
Posts: 22,850
Payne Online Shocked
THF Celebrity
Online Shocked
THF Celebrity
Joined: Jul 2007
Posts: 22,850
Buzz you're a mess, buy velcro shoes


[Linked Image]
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596798 05/13/22 05:09 AM
Joined: Apr 2005
Posts: 16,202
TurkeyHunter Online Content
THF Celebrity
Online Content
THF Celebrity
Joined: Apr 2005
Posts: 16,202
Y’all are missing an important detail that if you don’t do can cause a bunch of grief.

Vehicle Transfer Notification

https://webdealer.txdmv.gov/title/p...d=vehicleSearch&flowIndicator=online


Aio, quantitas magna frumentorum est
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596799 05/13/22 05:19 AM
Joined: Mar 2010
Posts: 6,786
N
ntxtrapper Online Content
THF Trophy Hunter
Online Content
THF Trophy Hunter
N
Joined: Mar 2010
Posts: 6,786
You keep both your license plates.


"Whosoever is delighted in solitude, is either a wild beast or a god."

- Aristotle
Re: Selling a vehicle to an individual [Re: ntxtrapper] #8596825 05/13/22 10:25 AM
Joined: Jul 2008
Posts: 29,641
B
bigbob_ftw Online Content
THF Celebrity
Online Content
THF Celebrity
B
Joined: Jul 2008
Posts: 29,641
Originally Posted by ntxtrapper
You keep both your license plates.


This.


[Linked Image]

FJB!
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596842 05/13/22 11:25 AM
Joined: Jul 2019
Posts: 10,086
H
Hudbone Online Content
THF Celebrity
Online Content
THF Celebrity
H
Joined: Jul 2019
Posts: 10,086
130U and Vehicle Transfer Notification

Re: Selling a vehicle to an individual [Re: TurkeyHunter] #8596849 05/13/22 11:35 AM
Joined: Jul 2007
Posts: 33,764
B
Brother in-law Online Content
THF Celebrity
Online Content
THF Celebrity
B
Joined: Jul 2007
Posts: 33,764
Originally Posted by TurkeyHunter
Y’all are missing an important detail that if you don’t do can cause a bunch of grief.

Vehicle Transfer Notification

https://webdealer.txdmv.gov/title/p...d=vehicleSearch&flowIndicator=online




This for sure

Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596856 05/13/22 11:42 AM
Joined: Jul 2019
Posts: 10,086
H
Hudbone Online Content
THF Celebrity
Online Content
THF Celebrity
H
Joined: Jul 2019
Posts: 10,086
Just make sure you have something in writing prior to taking it off your insurance. Believe me when I tell you this.

Re: Selling a vehicle to an individual [Re: BigPig] #8596867 05/13/22 11:55 AM
Joined: Nov 2009
Posts: 91,415
bill oxner Offline
THF Celebrity
Offline
THF Celebrity
Joined: Nov 2009
Posts: 91,415
Originally Posted by BigPig
Both of y’all go to the DMV, it makes life a lot easier. No, you won’t pay taxes, he will.


Expert advice.


Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


[Linked Image]




Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596871 05/13/22 11:58 AM
Joined: Oct 2013
Posts: 4,347
Ol Thumper Online Content
Extreme Tracker
Online Content
Extreme Tracker
Joined: Oct 2013
Posts: 4,347
Remove the tags, I didn’t and it cost me $1200 in 3 states for tolls. As far as tax’s go you e already paid your part so he will pay them on the sale.

Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596877 05/13/22 12:02 PM
Joined: Dec 2020
Posts: 314
C
Catperch Online Content
Bird Dog
Online Content
Bird Dog
C
Joined: Dec 2020
Posts: 314
Vehicle transfer notification, AND keep the plates. I forgot to keep the plates on the last truck I sold and my wife has spent countless hours trying to get overdue toll charges dropped. They come in the mail daily.

Re: Selling a vehicle to an individual [Re: Ol Thumper] #8596878 05/13/22 12:03 PM
Joined: Apr 2005
Posts: 16,202
TurkeyHunter Online Content
THF Celebrity
Online Content
THF Celebrity
Joined: Apr 2005
Posts: 16,202
Originally Posted by Ol Thumper
Remove the tags, I didn’t and it cost me $1200 in 3 states for tolls. As far as tax’s go you e already paid your part so he will pay them on the sale.


Just removing the tags is not enough to protect you.


Aio, quantitas magna frumentorum est
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596941 05/13/22 01:18 PM
Joined: Dec 2009
Posts: 7,189
T
The Dude Abides Online Content
THF Trophy Hunter
Online Content
THF Trophy Hunter
T
Joined: Dec 2009
Posts: 7,189
Everything you need to know is here...

Selling a vehicle in Texas


Shuh.duh.fuh.cup!
Re: Selling a vehicle to an individual [Re: Buzzsaw] #8596943 05/13/22 01:23 PM
Joined: Dec 2010
Posts: 7,641
D
DocHorton Offline
THF Trophy Hunter
Offline
THF Trophy Hunter
D
Joined: Dec 2010
Posts: 7,641
If you have a toll tag, pull that off too!

Re: Selling a vehicle to an individual [Re: rickym] #8596944 05/13/22 01:23 PM
Joined: Oct 2016
Posts: 2,263
H
HandyMan91 Online Content
Veteran Tracker
Online Content
Veteran Tracker
H
Joined: Oct 2016
Posts: 2,263
Originally Posted by rickym
Bill of sale, sign the title. He pays the taxes, not you.


Bill of sale means squat to the tax office for titled items. they only care about the 130u form and title.

However I have needed bill of sale for non titled trailers


Originally Posted by Biscuit
The only thing flat earthers have to fear is sphere itself

Re: Selling a vehicle to an individual [Re: BigPig] #8596975 05/13/22 02:13 PM
Joined: Oct 2009
Posts: 10,591
W
wp75169 Online Content
THF Celebrity
Online Content
THF Celebrity
W
Joined: Oct 2009
Posts: 10,591
[quote][/quote]
Originally Posted by BigPig
Both of y’all go to the DMV, it makes life a lot easier. No, you won’t pay taxes, he will.



You can not go wrong this way. If the buyer can’t go with you immediately tell him to let you know when he’s available and he can take possession of the vehicle then. It’s never bit my butt before with strangers, but I have a kid running around in a vehicle in my name a year after he was supposed to transfer the title. Yep, I’ve got toll bills.

Re: Selling a vehicle to an individual [Re: TurkeyHunter] #8596995 05/13/22 02:42 PM
Joined: Dec 2012
Posts: 5,286
M
MeanGreen85 Online Content
THF Trophy Hunter
Online Content
THF Trophy Hunter
M
Joined: Dec 2012
Posts: 5,286
Originally Posted by ntxtrapper
You keep both your license plates.

Originally Posted by TurkeyHunter
Y’all are missing an important detail that if you don’t do can cause a bunch of grief.

Vehicle Transfer Notification

https://webdealer.txdmv.gov/title/p...d=vehicleSearch&flowIndicator=online



This and this. Also call your insurance ASAP to get it off your payroll.

Re: Selling a vehicle to an individual [Re: BigPig] #8596996 05/13/22 02:43 PM
Joined: Jan 2013
Posts: 1,352
G
Gringo Bling Offline
Pro Tracker
Offline
Pro Tracker
G
Joined: Jan 2013
Posts: 1,352
Originally Posted by BigPig
Both of y’all go to the DMV, it makes life a lot easier. No, you won’t pay taxes, he will.

No reason at all to go to the DMV. I sold a vehicle for cash last year. I signed the title over to them and signed a bill of sale. Just make sure you take the plates off, remove/disable TollTags, and cancel insurance. I also took pictures of the buyer's license just in case something happened down the road.

Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597018 05/13/22 03:10 PM
Joined: Sep 2010
Posts: 4,927
B
Blank Online Content
Extreme Tracker
Online Content
Extreme Tracker
B
Joined: Sep 2010
Posts: 4,927
https://www.txdmv.gov/sites/default/files/form_files/VTR-346.pdf


Just did it. Simple as pie, transfer title, pay the sales tax, submit this.

Last edited by Blank; 05/13/22 03:11 PM.
Re: Selling a vehicle to an individual [Re: TurkeyHunter] #8597044 05/13/22 04:09 PM
Joined: Dec 2005
Posts: 33,139
Guy Online Content
THF Celebrity
Online Content
THF Celebrity
Joined: Dec 2005
Posts: 33,139
Originally Posted by TurkeyHunter
Y’all are missing an important detail that if you don’t do can cause a bunch of grief.

Vehicle Transfer Notification

https://webdealer.txdmv.gov/title/p...d=vehicleSearch&flowIndicator=online


Yes this a must, do not just sign the title over, because they may never bother with transferring the title to their name, then they make trouble like like getting parking tickets, not paying toll... and you are responsible, and will turn into a big pain in the asss. Don't ask me how I know.

Re: Selling a vehicle to an individual [Re: Buzzsaw] #8597048 05/13/22 04:16 PM
Joined: Jul 2010
Posts: 6,260
H
HuntnFly67 Online Content
THF Trophy Hunter
Online Content
THF Trophy Hunter
H
Joined: Jul 2010
Posts: 6,260
If it is a gift or other transfer with no cost, are there taxes due to new owner?

Re: Selling a vehicle to an individual [Re: HuntnFly67] #8597054 05/13/22 04:22 PM
Joined: Apr 2005
Posts: 16,202
TurkeyHunter Online Content
THF Celebrity
Online Content
THF Celebrity
Joined: Apr 2005
Posts: 16,202
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


Aio, quantitas magna frumentorum est
Page 1 of 2 1 2
Previous Thread
Index
Next Thread

© 2004-2022 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3