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Do you need to pay sales tax if you resell a car you just bought from a dealer?
Wiki User
∙ 14y ago
In almost every situation when a car or other TITLED objected transfers owners where a 'transaction' has been made, there is a sales tax to be paid by the purchaser in most cases depending on the 'deal' you've set up.
It is NOT the seller's responsibility as far as I've ever seen in my life.
But in not every case does one sell a car either. There are "Arms Length Sales" made where a family member gives something to another. I am pretty sure it must be a family member but NOT 100%. Also, when a family member you can give up to, at least in the state of Ohio, consult you local library or do a search online for your state and find out what the amount of a 'gift' you can give to someone.
It's best not to fudge with this amount even though sometimes you want to do someone a solid and help out, you have to make sure when you DO sell the car, you don't lowball (too much), the price you sold for as it does need to somewhat conform with what might be considered the 'fair market value' of the car or object in question.
In short. The buyer almost always has to pay sales tax when the transfer of title goes through in your transaction.
Good Care!
Wiki User
∙ 14y ago
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