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Old 01-13-2011, 11:00 PM   #21
Scorpio
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Old 01-22-2011, 09:20 PM   #22
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Quote:
Originally Posted by rob78 View Post
nothing goes unmoderated....
"And so, this tiny metal deathtrap becomes known as the ultimate form of freedom. Like a steampunk cyborg, man and machine fuse to make a symbol of what you can become when style and speed matter more than safety and efficiency. Is it any wonder that some people just get mad every time they see a motorcycle go by? Because it challenges everything they have, while proving to them that they donít have enough."
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Old 06-27-2012, 08:39 PM   #23
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Lightbulb

Hey Keith, I actually read this thread before I made my most recent purchase.
There are a few things that are not mentioned in here that I suggest be added to the OP.

1. When buying used, you can use this link to figure out what the standard presumptive value of the motorcycle is...
http://www.txdmv.gov/vehicles/titles...tive_value.htm

When you go to the tax office, you pay 6.25% of 80% of the SPV!

Quote:
If you paid less than the standard presumptive value for your vehicle, you may pay sales taxes on an appraisal amount provided it is certified by a licensed insurance adjuster or a licensed motor vehicle dealer; and obtained within 20 working days of the date of purchase.
2. If someone else fills out the seller information on the back of the title, it is not a mess, it is an EASY fix. You and the titleholder will have to fill out an "Affidavit of Fact" form saying that the deal fell through and you are now buying the bike. You strike a single line through the other person's information on the back of the title and write in yours. THIS form can only be picked up at the tax office!
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Old 06-27-2012, 08:56 PM   #24
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Quote:
Originally Posted by dudewhrsmybike View Post
Hey Keith, I actually read this thread before I made my most recent purchase.
There are a few things that are not mentioned in here that I suggest be added to the OP.

1. When buying used, you can use this link to figure out what the standard presumptive value of the motorcycle is...
http://www.txdmv.gov/vehicles/titles...tive_value.htm

When you go to the tax office, you pay 6.25% of 80% of the SPV!



2. If someone else fills out the seller information on the back of the title, it is not a mess, it is an EASY fix. You and the titleholder will have to fill out an "Affidavit of Fact" form saying that the deal fell through and you are now buying the bike. You strike a single line through the other person's information on the back of the title and write in yours. THIS form can only be picked up at the tax office!
Good points. Let me add to #1 though; they will tax you 6.25% of 80% of your PSV amount OR 6.25% of what you paid (according to what is on the 130-u). They will also base the date of sale, which is important when it comes to late fees, ONLY from the date on the 130-u, not the date on the title. I'm not going to compel anyone to lie to the tax office but say you purchased your bike for $12,000 and the PSV is 10,000. If you put $5,000 as the sale price on the 130-u you would be taxed 6.25% of $8,000 (80% of PSV) but if you out sale price of $12,000 you would be taxes 6.25% of $12,000.

Disclaimer: I have personally seen people serve prison time for providing fraudulent title application information.

Edit: wtf, just noticed I wrote PSV not SPV, must still have work on my mind
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Quote:
Originally Posted by rob78 View Post
nothing goes unmoderated....
"And so, this tiny metal deathtrap becomes known as the ultimate form of freedom. Like a steampunk cyborg, man and machine fuse to make a symbol of what you can become when style and speed matter more than safety and efficiency. Is it any wonder that some people just get mad every time they see a motorcycle go by? Because it challenges everything they have, while proving to them that they donít have enough."

Last edited by a forum moderator; 06-27-2012 at 10:39 PM.
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Old 06-27-2012, 09:56 PM   #25
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Ah. Keith, I overlooked your OP, you did in fact link the SPV page.

As for my #2, I mistakenly wrote seller, but meant buyer....

#2 would be a good addition to the OP as that information is not officially available online through the DMV's site or anywhere else on the webs for that matter. It could save folks some time and hassle.

Keith, 2 weeks ago I actually called you the night I was going to buy my new bike when I found out the buyer info was already filled out on the back of the title.....I didn't know how to get around this, and figured you might know.
Unfortunately, the number I had for you didn't work. D'oh! Ended up buying the bike the next day after getting an answer from calling the tax office.
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Old 06-27-2012, 10:40 PM   #26
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I got a new number, I'll PM it to you so you have it. Been a while dude, hope all is well. Will edit the OP when I get back around to a PC.
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Quote:
Originally Posted by rob78 View Post
nothing goes unmoderated....
"And so, this tiny metal deathtrap becomes known as the ultimate form of freedom. Like a steampunk cyborg, man and machine fuse to make a symbol of what you can become when style and speed matter more than safety and efficiency. Is it any wonder that some people just get mad every time they see a motorcycle go by? Because it challenges everything they have, while proving to them that they donít have enough."
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Old 06-27-2012, 11:00 PM   #27
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Quote:
Originally Posted by DvlRacer View Post
I got a new number, I'll PM it to you so you have it. Been a while dude, hope all is well. Will edit the OP when I get back around to a PC.
Got it. All is good on my end. Hope things are going good for you as well.
Thanks for revising the OP....
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Old 03-23-2015, 06:27 AM   #28
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Good Post thanks for the info!
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Old 05-16-2015, 02:41 PM   #29
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Great info!

Thanks!
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Old 11-16-2015, 10:46 PM   #30
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This is some great information. I need some advice for my situation.

1. I still owe money from financing on my bike.

2. Buyer and myself have agreed to a selling price.

3. Bike is current with inspection and registration.

4. Selling price is higher than SPV. (so buyer would have to pay 6.25% on selling price, right?)

5. Do separate counties have their own forms that need to filed?


What do I need to do to get this done? There is a good level of trust here. I was wanting to make sure I fill out the appropriate forms, but I have seen some people sell their bike, pay off the bank, then transfer the buyer the title.

Sorry I am extremely new at this.
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