TwistedcaB
NAXJA Forum User
- Location
- San Luis Obispo ( templeton )
what papers are needed.
After the title signatures, you will need to do a release of liability with the DMV. You can do this online:
http://www.dmv.ca.gov/online/nrl/welcome.htm
http://www.dmv.ca.gov/pubs/brochures/fast_facts/ffvr32.htm
http://www.dmv.ca.gov/vr/vr_info.htm#BM2520
I thought if you were "trading" then the taxes would be nothing, since you are basically trading two things of equal value that both parties had already paid taxes on. Think about it like this... when you buy a new car at a dealer, and trade in a car towards the purchase. You only pay taxes on the price AFTER the trade, not the full amount. I am pretty sure here in Arkansas they have a form for this. On the back of the title it has a bill of sale that you can fill out, and it actually has a blank for "Value of trade" so that you do not have to pay taxes on that amount.
It's only gonna get worse as the damn liberal politicians find more ways to take our money and give it to lazy asses and illegal aliens. Isn't liberal a 4 letter word in texas?Wow you guys get the shaft.