Sunday, January 8, 2012

What if used car dealer's DMV paperwork showed car sale value $2,000 LESS than actual customer sale contract?

We were helping aged mother buy a used car. With a quick sleight of hand, used car dealer dismissed the fact that the DMV paperwork showed the car value $2,000 less than her actual contract sell price. No biggie? Or a dirty little way to stiff the State out of sales tax and pocket the difference?|||it really depends on what the price of the car is and what dmv paperwork. I would have to know the state. In NY the tax department wants the sale price of the car to match the price on the bill of sale. Unless you added non taxable items like insurance, gasoline, etc. In most states it should reflect the price of the car before non taxable items and the tax itself not the total price you paid including the tax.|||It's the latter. They're trying to short the state on sales tax.|||it's a form of fraud, tax fraud.


I bet he altered the sales contract as well after you left.|||its the latter definitely, if the dealer is paying sales tax then he would be saving on sales tax and income tax, but usually customer pays sales tax so your mother would have saved on the sales tax and dealer would save on income tax.|||That used car mickey is cheating the state out of it due sales tax.

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