Quote:
Originally Posted by BoomInTheTrunk
well you could cheat the system. you could have the sales receipt with a smaller value and work something out with the owner because of the back payments involved. Just have the owner right a smaller amount on his taxes. i think that this could work, anyways California is cheating us for that stupid law so just look at it like getting even.
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People do that all the time in California. Probably hundreds, or maybe thousands of times, every day.....
The seller simply leaves the "Price" line on the DMV bill of sale blank, and the buyer fills in the cheapest price he thinks he can get away with.
I know it is illegal, and the DMV probably has auditors.
If your bill of sale you filled out on that on that 2003 SL600 you just bought read $5,000, and one of them saw THAT, it's probably likely it would raise an eyebrow or two at the DMV
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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...
1995 E 420, 170k "The Red Plum" (sold)
2015 BMW 535i xdrive awd
Stage 1 DINAN, 6k, <----364 hp
1967 Mercury Cougar, 49k
2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive
(sold)