Results 1 to 5 of 5

Thread: Trading Vehicles in PA / Sales Tax !!!

  1. #1
    Right Wing Nut Dragger Troll's Avatar
    Join Date
    Aug 2006
    Posts
    5,822

    Exclamation Trading Vehicles in PA / Sales Tax !!!

    Just curious. I see a lot of folks that like to "trade" now and then. Either plus money or minus money, what do you tell the Notary when you transfer the titles? Do each of you have to pay PA sales tax on the total value of each respective car? Paying PA sales tax on a used vehicle every time it's sold is already total BS. Just wonder if you just pay tax on the difference when you "trade" or tell me how it's done.

    Thanks.

  2. #2
    formerly 93teal PSPstang's Avatar
    Join Date
    Aug 2006
    Posts
    1,164
    no. when i did one,
    we were both at the notary at same time and each did a transfer.
    i traded a restored 92 police notchback(the PSP stang) with 150K+ miles for an 01 GT at the time with 40K miles......
    it was legit car for car even though a price guide probably wouldn't agree!

    only paid the transfer fees, no BS tax.
    Last edited by PSPstang; 11-10-2008 at 10:17 PM.

  3. #3
    Just spank it!!! Viper_ed's Avatar
    Join Date
    Aug 2006
    Location
    Fayette City, PA
    Posts
    5,841
    When I sold the Cobra and got the 90 GT if I remember correctly each vehicle was treated as a gift and neither one of us paid any sales tax.

  4. #4
    Senior Member scott5's Avatar
    Join Date
    Sep 2006
    Location
    NC
    Posts
    10,168
    when i traded Brian my mustang for his mustang and camaro, they were just given as gifts also and no sales tax.. Just paid the fee for the notary doing it which was 100 combined for both vehicles

  5. #5
    far from a newb!!! INSANELY CRAZY's Avatar
    Join Date
    Aug 2006
    Location
    out in the woods
    Posts
    4,948
    depends on the notary i found out. some will do gift of venue and others wont, a few notories i know stop doing the gift transfer,they said harrisburg doesnt allow it anymore cause they were loosing money but i found out it's not true. i've done a few since then at other notaries under gift of venue. paid no taxes.
    ridin fast,hittin da hills,throwin some dirt

    2003 polaris predator 500

    (wanna ride,just pm me!!!)

Similar Threads

  1. Trading cars?
    By 1320goat in forum The Bar
    Replies: 9
    Last Post: 06-03-2014, 04:35 PM
  2. Cobra sales ad....
    By map22 in forum Ford Vehicles
    Replies: 16
    Last Post: 07-28-2011, 12:17 PM
  3. Maybe trading for this
    By lib88stang in forum Pictures & Videos
    Replies: 13
    Last Post: 03-29-2010, 05:13 PM
  4. Coral Coupe need Sales people
    By coralcoupe1993 in forum The Bar
    Replies: 15
    Last Post: 04-27-2007, 07:55 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •