i don't know how it works in LO

but in MI when you sell the car the buyer is responsible for the taxes on it. he buys it and when he goes to the secretary of state to change the title over the take the value thats written on the title as the sale amount and charge him the tax right then. i've never paid tax on a car i've sold :dunno:

there isnt any benefit for you that i know of to alter the price sold, however there IS a benefit to the guy purchasing. If its someone i know, a friend or something, i will usually leave the selling price blank and let them put what they want. say i sold the car for 10k, if i let them put on the title 9k that saves them money or even 8k for that matter. just be careful because sometimes they actually check that shit and they will call you on it.

title + bill of sale + specificially state the car is sold as is in the bill of sale!!! you can hand right a bill of sale ... i (phat dong) sell this car to (ricer boy) for X amount o fdollars on (date) with no warranty of any kind, car is sold as is. both parties sign, keep a copy for yourself and a copy for him. fill out the title and he handles the rest


at least thats all in Michigan