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Old 11-30-2011, 02:59 PM   #1
Track_Graphics
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Bonded Rip Off . . . . I mean "Title"

HOLY BATMAN ! ! ! ! !
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Old 11-30-2011, 03:00 PM   #2
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fail.
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Old 11-30-2011, 03:00 PM   #3
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Old 11-30-2011, 03:02 PM   #4
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Old 11-30-2011, 03:07 PM   #5
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A+ thread

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Old 11-30-2011, 03:18 PM   #6
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Bonded Rip Off . . . . I mean "Title"

HOLY BATMAN ! ! ! ! !
I talked the guy down from $1400 to $1200 for a burned up track bike. I did a few things to make it street legal, but I took it in and it appraised at $1000. No lights, bad rubber, no signals, beat up plastic, unknown condition of suspension, engine, and other major parts, yada yada . . . .
Just registered it. The state doesn't give a about the real value of the bike so I ended up paying tax on $5496 + $120 for the bond, $50 for the unneeded apprasal that they said I "needed" and all the fargin running around to get the $80 state "title rejection letter". After all the other bs like inspection and registration I ended up paying just shy of $700 to get that POS on the road legally.

I'm never doing another bonded again. I paid 5X the tax!!
What does it cost to get a salvage title?
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Old 11-30-2011, 03:36 PM   #7
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I don't know, but I think it is a recent change that you have to pay tax on what the thing's estimated value is worth somehow, not the actual sale value.

It blows
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Old 11-30-2011, 03:37 PM   #8
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Old 11-30-2011, 03:39 PM   #9
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sucks the state wont take your appraisal and tax you on that. i didn't understand much else of what was said.
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I don't know, but I think it is a recent change that you have to pay tax on what the thing's estimated value is worth somehow, not the actual sale value.

It blows
i recalled your supposed to be able to get around standard presumptive value if you have a certified appraisal. dunno if thats a load of or if OP's appraisal didn't meet state standards.
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Old 11-30-2011, 03:39 PM   #10
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if by recent you mean 5 yeas ago then yes it is recent.

sounds like a bad deal though, kind of why i wont mess with anything that has any question about the title. presumptive value can work both ways though, my last car had a value of $0 when i got it re-titled.
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Old 11-30-2011, 03:39 PM   #11
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yep - the min you pay is based on 80% of "value" based on year and mileage.

I got screwed twice recently. Once on a car that was given to me that they said was valued at $800 (BS)! the next was on my mini-van that I made a very good deal on.

Auto taxes are like property taxes now - not transaction based but rather you are taxed on "perceived value"
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Old 11-30-2011, 03:45 PM   #12
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What the living is THAT?
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Old 11-30-2011, 03:46 PM   #13
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Idk which thread I should reply in.... sigh
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Old 11-30-2011, 03:46 PM   #14
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What were we talking about?
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Old 11-30-2011, 03:47 PM   #15
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ever notice that they're always driving Chryslers? whats up w/ that???
what do you mean by "they"

haah jk i know exactly what you mean
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Old 11-30-2011, 03:51 PM   #16
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What the living is THAT?
It appears to be a normal every day Chrysler.
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Old 11-30-2011, 03:55 PM   #17
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Yup. Beat up isn't worth it hardly any more... if you are going bonded you need to factor in another $500+ to the cost.

Fuggin taxes...
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Old 11-30-2011, 03:58 PM   #18
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they tell you everywhere you look for info online that you have to pay tax on the standard presumptive value, they even have a link to the spv calculator on the hctax website. I hear people about this at the tax office every time I'm in there, but the information is everywhere.
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Old 11-30-2011, 03:58 PM   #19
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Yep, seent it before. Even if the bike is given to you as a gift, that presumptive value bs will bite you.


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Idk which thread I should reply in.... sigh
One is for trolling, one is to provide information. You decide
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Old 11-30-2011, 04:14 PM   #20
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Actually depends on what county you are in that you pay tax on Actual Value versus Sale Value.
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