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Old 04-18-2021, 06:27 PM   #15
Dabjbr
 
Drives: 2020 SS 1LE
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Unsure if this is a accurate but I’m thinking the new buyer also gets to avoid sales tax. Good stuff.

GLWS
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Old 04-18-2021, 06:36 PM   #16
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Man, this is a sweet offer. GLWS
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Old 04-18-2021, 07:27 PM   #17
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Quote:
Originally Posted by Dabjbr View Post
Unsure if this is a accurate but I’m thinking the new buyer also gets to avoid sales tax. Good stuff.

GLWS
Not sure why you'd think that. No.
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Old 04-18-2021, 07:29 PM   #18
Walt.v
 
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Quote:
Originally Posted by evilstevie View Post
Not sure why you'd think that. No.
Thanks everyone.

Evilstevie, you don’t think so?

If we’re just transferring the title?
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Old 04-18-2021, 07:42 PM   #19
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Many loans are non-transferable; the purchaser would not be assuming your loan, he/she would be taking out a new loan to satisfy yours. It is no different than a typical sale where the buyer uses a bank of choice (your bank is not necessary in this instance either). Sales tax would be applicable, as there would be a “sale”.
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Old 04-18-2021, 07:46 PM   #20
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Exactly, plus when its gets registered in your own state, that state would want there taxes....still, I may try to figure this out if it don't sell soon....
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Old 04-18-2021, 07:48 PM   #21
Walt.v
 
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Quote:
Originally Posted by zaimer View Post
Many loans are non-transferable; the purchaser would not be assuming your loan, he/she would be taking out a new loan to satisfy yours. It is no different than a typical sale where the buyer uses a bank of choice (your bank is not necessary in this instance either). Sales tax would be applicable, as there would be a “sale”.

Interesting, very informative

Well I hope someone is able to pick up this sweet deal nonetheless.
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Old 04-20-2021, 12:24 PM   #22
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saw you car on craigslist as well. you will want to have the person just get there own loan pay yours off. bank to bank should be able to just do it all no issue.

I am interested but wife liked the auto's on the test drives we did so not sure I can overcome that. even though 2021 is the year of happy husband happy life she is still being like happy wife happy life which is complete bs.
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