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Does the buyer of a car in a private party transaction have to pay a USE tax to the state of California?
I believe that fee, if you have to pay it, would be included in the taxes and fees you pay at the DMV when you re-register the car under your (the buyer's) name. I have not heard of a use tax, but I know you do have to pay a certain percentage of what your purchasing price was in taxes to the state of CA, in addition to the regular registration fee that is normally paid.
I hope that was slightly helpful.
What else can I help you with?
Can third party open LC on seller on behalf of buyer what is the procedure?
A third party can open the LC on the seller. This part of the transaction must be done on behalf of the buyer.
Who are the parties in the credit transaction?
buyer, seller, and third party facilitating (providing gateway/finds transfer)
Does Nevada have sales tax on private party car sales?
No, as of 2005 Nevada does not tax private-party vehicle sales, but only if the buyer is a legal resident of the state.
Does California have sales tax on private party used RV?
no
How long after a car sale can a private party buyer return the car?
After a car sale, a private party can return the car within thirty days. This return policy is dependent on the individual seller.
What is the unsolicited trade definition?
Unsolicited trade refers to a transaction in which a buyer or seller initiates a trade without being prompted or solicited by the other party.
What is the role of a real estate principal?
A principal is the main party in a transaction. The buyer and seller are the principals in a real estate transaction. Their roles are self-explanatory. Buyers and sellers are the driving force behind the real estate market.
Is it legal to knowingly sell a vehicle with no exhaust system in Oregon without notifying the buyer in a private party sale?
yes it is
How can I safely sell my vehicle to a private party?
To safely sell your vehicle to a private party, follow these steps: 1. Meet in a public place for the transaction. 2. Verify the buyer's identity and ensure they have a valid driver's license. 3. Complete a bill of sale and transfer the title. 4. Accept payment in a secure form like cash or a cashier's check. 5. Remove your license plates and notify the DMV of the sale.
What is the difference between escrow and earnest money in a real estate transaction?
Escrow is a neutral third party that holds funds and documents during a real estate transaction, while earnest money is a deposit made by the buyer to show their commitment to the purchase. Escrow is used to protect both parties and ensure a smooth transaction, while earnest money is a way for the buyer to demonstrate their seriousness about buying the property.
How can I sell a financed car to a private party?
To sell a financed car to a private party, you need to first check with your lender to see how much is left on the loan. Then, you and the buyer can agree on a price that covers the remaining balance. The buyer can pay you directly, and you can use that money to pay off the loan and transfer the title to the new owner.
Is it legal to knowingly sell a vehicle with no exhaust system in Oregon withouout notifying the buyer in a private party sale?
no it is there job to check out the car
