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What else can I help you with?
Does the buyer have to pay sales tax at the DMV when buying a used car from a private seller?
Not necessarily but some states require you do so. My son moved to NC with a free car and had to pay sales tax.
What is the difference between sales and cash sales?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
How much should I pay tax at DMV when sell used car?
If you are the "private" seller you do not collect sales tax. If your states requires sales tax to be paid on a private sell then the DMV will collect it when the buyer registers the car.
What are the benefits of purchasing a car from a private party seller?
Buying a car from a private seller can often be cheaper than buying from a dealership. It also allows for more flexibility in negotiations and can sometimes result in a simpler and quicker transaction process. However, private party sales may not offer the same level of warranty or guarantees as buying from a dealership.
What is different between sales credit and cash credit?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
Can you explain how private car sales work?
Private car sales involve individuals selling their vehicles directly to other individuals, rather than through a dealership. The seller advertises the car, negotiates a price with the buyer, and completes the sale transaction. The buyer typically pays the seller directly, and both parties handle the necessary paperwork to transfer ownership of the vehicle. It is important for both the buyer and seller to conduct due diligence, such as inspecting the car and verifying its history, to ensure a smooth and fair transaction.
Do you pay sales tax if purchased from a private seller outside the state of Georgia and register the car in Georgia?
If you are a GA resident, you do not have to pay sales tax as long is it is a private seller, even if out of state private seller.
Performance of a sales contract is controlled by the agreement between buyer and seller?
true
Does an Oregon resident have to pay sales tax when buying a used car from a private seller?
In most states, the buyer of a used car from a private person would pay use tax to the state they plan to register the car in. This payment normally doesn't happen until the purchaser visits the DMV office to register the vehicle.
Does a private seller of a car pay any taxes?
No, you've already paid taxes on it when you bought it, so the one buying it from you is the one who will pay the sales tax.
Do you pay sales tax when buying a used car from a private seller in GA?
One of my buddies bought a car in GA and he ended up paying for sales tax. I'm not sure if it applies for all.
When is sales revenues usually considered earned?
Sales revenue are usually considered earned when "goods are transfered from the seller to the buyer".
