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Old 01-13-2015, 03:41 PM   #1
blensen
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Private Party Vehicle Trading

How does it work in Texas? Let's say I hypothetically want to trade bikes with someone, and just swap titles straight across. What needs to be done as far as title transfer is concerned there. Would I treat is as though I "sold" my bike to him and "bought" his bike for the same prices?
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Old 01-13-2015, 03:47 PM   #2
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Sale price doesn't matter in Texas. You will end up paying tax based on the presumptive value. But yes, fill out the title transfers, pay the tax and be about your business.
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Old 01-13-2015, 03:52 PM   #3
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On the PDF just check the $5 even trade box..

http://txdmv.gov/forms-carriers/doc_...icate-of-title

sign the titles and be on your way. I have done this 5-6 times..
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Old 01-13-2015, 04:05 PM   #4
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So $5 is all it takes? Can 't complain too much about that.
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Old 01-13-2015, 04:07 PM   #5
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Quote:
Originally Posted by blensen View Post
So $5 is all it takes? Can 't complain too much about that.
Plus fees......but its not too much more
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Old 01-13-2015, 04:31 PM   #6
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Wow I never noticed that box. Ill just start checkin that box no matter what i pay lol
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Old 01-13-2015, 04:37 PM   #7
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you cant just check the box if i remember right there has to be another vehicle that was traded and i believe they check on that
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Old 01-13-2015, 04:41 PM   #8
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I believe you have to provide the VIN of the vehicle you traded.
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Old 01-13-2015, 04:45 PM   #9
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What Jae said....
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Old 01-14-2015, 08:44 AM   #10
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You can just make up your own VIN. They never check. Easy peasy
























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Old 01-14-2015, 09:21 AM   #11
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Quote:
Originally Posted by Flynjay View Post
Sale price doesn't matter in Texas. You will end up paying tax based on the presumptive value. But yes, fill out the title transfers, pay the tax and be about your business.
That's not always true. Depends somewhat on the clerk you happen to walk up to. Some are real nice to talk to and would let me pay based on the sale price (lower than presumptive value).

Then again, I like Bevo's trick.
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Old 01-14-2015, 02:19 PM   #12
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Don't try it in ClearLake....... You'll spend the entire day jumping through hoops and waiting in line.

I only found one guy there that was nice.
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Old 01-14-2015, 04:29 PM   #13
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Quote:
Originally Posted by Volfy View Post
That's not always true. Depends somewhat on the clerk you happen to walk up to. Some are real nice to talk to and would let me pay based on the sale price (lower than presumptive value).

Then again, I like Bevo's trick.
Actually... It's which ever value is greater... If the value of the vehicle is $3000 and your BOS states $4500, you will pay taxes on $4500.
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Old 01-14-2015, 04:46 PM   #14
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Quote:
Originally Posted by albertinhouston View Post
Actually... It's which ever value is greater... If the value of the vehicle is $3000 and your BOS states $4500, you will pay taxes on $4500.
That's how it's supposed to work, yes. I always check the website so I know what the SPV is. If the difference is large between the SPV and the sale price (as you declare on the title application), they will for sure make you pay SPV, unless you have docs (appraisals, vehicle condition report, etc.) that prove the vehicle is indeed worth less.

Still, I've gone there with the declared sale price several hundred $ less than SPV, and the lady let me pay tax on the sale price.
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Old 01-14-2015, 06:40 PM   #15
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Quote:
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That's how it's supposed to work, yes. I always check the website so I know what the SPV is. If the difference is large between the SPV and the sale price (as you declare on the title application), they will for sure make you pay SPV, unless you have docs (appraisals, vehicle condition report, etc.) that prove the vehicle is indeed worth less.

Still, I've gone there with the declared sale price several hundred $ less than SPV, and the lady let me pay tax on the sale price.
Odd. Very odd.
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Old 01-14-2015, 09:04 PM   #16
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Truth be told, 6.5%(?) of a few hundred dollars is not a lot of difference. They still got their hands pretty deep in my pocket.
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Old 01-14-2015, 09:30 PM   #17
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Quote:
Originally Posted by Volfy View Post
Truth be told, 6.5%(?) of a few hundred dollars is not a lot of difference. They still got their hands pretty deep in my pocket.
State income tax would be much better, right?
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Old 01-15-2015, 07:55 AM   #18
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State income tax would be much better, right?
yeah.... NO!!!!!!!!!
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Old 01-15-2015, 09:50 AM   #19
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I've done this four times already:
Get the bike a little dirty (slow roll through mud to get the tires looking nasty). So it looks like it needs a good wash. Take off the rear seat and rear fairing and tail light. Let the wires hang. Remove the clutch lever, turn signals and mirrors. Take off the seat, pull the battery and unplug a couple connections from the harness. Put some colored electrical tape around a couple areas and some colored zip ties that mean nothing. You can do this in 30 minutes or less. Goes back on in 30 minutes too.

Take bike to Texas PowerSports in Pasadena on Spencer hwy. Just before you get there, oil up the front suspension.

Tell them you want the "State approved" appraisal and show them how junky the bike is. Show them the oil on the shocks. A dirty orange shop rag stuffed in the bellypan is good too. This appraisal trumps the SPV.

They'll say it looks like the bike was stunted and abused and value it at less then $2000. Use this appraisal when you register and to a title transfer. DOT/DPS will NOT accept regular dealer valuation appraisals.

Texas PowerSports charges $49 for the appraisal. There might be other places, but this one is close to me. The reason they value it so low is because if they were to buy it "as is" it accounts for all the cost they would incur to bring the bike back up to a sellable condition (competitive price) to where they could make some profit. They would have to go over the bike completely, including engine, frame, shocks, electrical, everything head to toe, and then sell the bike to cover those costs. So the bike is only worth so much.

This appraisal is only tied to the bike at the time of registration, so afterward you can pitch it. If you're presumed (or higher sale price) value is $8k you pay More than $550 in fees and tax. On an appraised value of $1800 you pay about $120.
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Old 01-15-2015, 01:09 PM   #20
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Quote:
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State income tax would be much better, right?
You gotta pay to play. I pay that tax on every bike I bought and I don't complain. If the Tax Assessor lady clerk chose to let me play a few bucks less, I'm not gonna complain either.

I think part of it might be they recognized me. There were times I go there 2-3 times in less than a month. One time I walked up to the counter, first thing the lady said was: "again?!"
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