How do you "trade" cars?

[samuel642000]

Yeah they no longer allow that in Texas. They go based off of the value on the car. I tried this last year and they said they can't do this anymore due to the fact that almost everyone does this to get out of paying sales tax. So now they just go based off of the value on the vehicle.


As far as trading goes, each person signs their title as they would when they sell the car. Each person then writes a bill of sale stating they traded their vehicle for the other persons. I usually do mine like this:

I Johnathon Jones am trading my 2007 Ford F-150 Ext Cab with the last 8 of the vin ending in: __________ for John Smiths 2003 Ford Mustang Cobra with the last 8 of the vin ending in _________ on 9/9/2012 at 1:16.

Like the person above me says your going to need a VI-30 form or "Green Sheet" when getting the vehicle inspected so you can register it.
Once you've got it inspected with the "Green Sheet" go to your tax office with that form, your proof of insurance, title, and bill of sale.
From there its smooth sailing.

Yeah not true for trades, just did one last week and didn't pay over $100.

[95DRGT]

So what I understand the SPV (standard presumptive value) of the vehicles traded is what the basis of any taxes owed?

I'm trading Vehicle 1 (SPV =8150) for
Vehicle 2A (SPV=2395)
Vehicle 2B (SPV =2055)

I assume I walk away with nothing more than the standard fees for transferring title but other 'tradee' has to pay taxes on difference of SPV's (2395+2055-8150=3700)

[Mike]

Yeah they no longer allow that in Texas. They go based off of the value on the car. I tried this last year and they said they can't do this anymore due to the fact that almost everyone does this to get out of paying sales tax. So now they just go based off of the value on the vehicle.


As far as trading goes, each person signs their title as they would when they sell the car. Each person then writes a bill of sale stating they traded their vehicle for the other persons. I usually do mine like this:

I Johnathon Jones am trading my 2007 Ford F-150 Ext Cab with the last 8 of the vin ending in: __________ for John Smiths 2003 Ford Mustang Cobra with the last 8 of the vin ending in _________ on 9/9/2012 at 1:16.

Like the person above me says your going to need a VI-30 form or "Green Sheet" when getting the vehicle inspected so you can register it.
Once you've got it inspected with the "Green Sheet" go to your tax office with that form, your proof of insurance, title, and bill of sale.
From there its smooth sailing.

You pay the tt&l on that shitbox mustang yet?

[71chevellejohn]

You pay the tt&l on that shitbox mustang yet?

It's all financed, man!

[Cobraman]

You're shitting me!!

Just saw this lol.



No bullshit.

[racrguy]

If you know someone who is a licensed appraiser they will also accept appraisals instead of going by SPV.

[naynay]

Just saw this lol.



No bullshit.

just saw your sig!!

lol at the way a sun can elongate a shadow and make you look like you are riding a wheelie! you are gonna hurt yourself dude.. keep it on 2 for a little while, before you wad that one up and have to go back to THE DANGER ZONE! (the 82 secaII orwhatever the fuck it was lol)

[Cobraman]

just saw your sig!!

lol at the way a sun can elongate a shadow and make you look like you are riding a wheelie! you are gonna hurt yourself dude.. keep it on 2 for a little while, before you wad that one up and have to go back to THE DANGER ZONE! (the 82 secaII orwhatever the fuck it was lol)

Thanks man. Im actually riding a wheelie. Not sure if you were being sarcastic lol

[DallasSleeper]

he wont have a title if it has a lein..

Can't mechanics put a lein on a car without the title?

[naynay]

thats a whole different process, nice of you to join us for the third time, outside of the political forum..

and how long do you suppose it takes to get a "title" on a "mechanics lien"?

[naynay]

Can't mechanics put a lein on a car without the title?

Oh, and its lien, not [sic] lein, in case you didn't want to sound uninformed or better-yet; uneducated!

[SonicblueGT03]

SPV only counts for cars 24 years old and newer.

[DallasSleeper]

thats a whole different process, nice of you to join us for the third time, outside of the political forum..

and how long do you suppose it takes to get a "title" on a "mechanics lien"?

Obviously I don't have a clue, that was why I asked the question. Thanks for the welcome though, now don't you have some toilets to unclog?

Oh, and its lien, not [sic] lein, in case you didn't want to sound uninformed or better-yet; uneducated!

ummm... spell check yourself first jackwagon

he wont have a title if it has a lein..

[Administrator]

Obviously I don't have a clue, that was why I asked the question. Thanks for the welcome though, now don't you have some toilets to unclog?



ummm... spell check yourself first jackwagon

Please refrain from racial profiling when posting on DFWMustangs.

Thanks,
Management

[DallasSleeper]

Please refrain from racial profiling when posting on DFWMustangs.

Thanks,
Management

LOL exactly what did I say that was "Racial profiling?"