I registered my Jeep a few months back for like 70 bucks, and have therefore been walking around thinking, "sweet, I can probably register my bike for less than 50 bucks"... WRONG! $118! I have jumped through every hoop trying to play by the rules, but I'm starting to realize why a lot of people I know forego insurance, license, and registration... After insurance, tax, title-transfer, license, and registration, I can hardly put gas in the thing. Whatever, at least I can rest assured I'm legal. Won't have to be paranoid every time I see a cop :police:. Plus, it's all worth it when I'm on the road! :thumb:
My bike was several hundred dollars because the state makes you pay taxes on it at that point (sales tax)... funny, I seem to think it was already taxed when the PO bought it? :cookoo:
However, in Washington insurance is not required on bikes, this drives insurance costs down significantly I believe. I have full coverage for $220 a year :icon_razz:.
I bought my bike in Ohio, but live in Indiana, so I had to pay the difference in sales tax... (OH = 6%, IN = 7%) plus the title transfer. You think, "hey, I'm gonna go buy a motorcycle, then I'll just ride around with a big stupid smile on my face and live happily ever after". Nope, Uncle Sam sucks all the fun out of everything...
Assuming you don't buy a bike new, you can ask the seller to "say" you are buying it for a ridiculously low price. That way you pay the sales tax on a $100 bike instead of a $2000 bike.
Yeah, I bought new. When I buy a barnyard-beauty project bike I'll keep that in mind.
Quote from: Big Rich on March 31, 2011, 02:19:18 PM
Assuming you don't buy a bike new, you can ask the seller to "say" you are buying it for a ridiculously low price. That way you pay the sales tax on a $100 bike instead of a $2000 bike.
The listed and taxed values are what Blue Book values are based on.
I had a Vision that's BB value was at $950, even though it was worth twice that.
Quote from: scratch on March 31, 2011, 03:45:48 PM
Quote from: Big Rich on March 31, 2011, 02:19:18 PM
Assuming you don't buy a bike new, you can ask the seller to "say" you are buying it for a ridiculously low price. That way you pay the sales tax on a $100 bike instead of a $2000 bike.
The listed and taxed values are what Blue Book values are based on.
I had a Vision that's BB value was at $950, even though it was worth twice that.
I am sure that varies by state? I think mine was based off sales price, but I could be wrong (I do recall he did not need the bill of sale (my PO was very legit lol), but I think they used the price he had written on the title).
Here in Ontario, they base the transfer tax off of the highest value of either blue book value or sale price...and we get to pay 13% tax! Yay!
Here in NH there is no transfer tax! And no income Tax! There is a road tax based on NADA guide times descending percentage till about 0.1% a year in about the tenth year.
I'm just happy I'm finally finished jumping through hoops and can just get out and ride. Weather's supposed to get nice around here this week too. :thumb:
In MN there is just the sales tax & title transfer fees when you buy the bike, and after that it's just the registration tax each year, which is only $14.50 per year regardless of year/make/model. It's pretty sweet I can register 5 motorcycles for less than the cost to register a car each year.
In WI, 5.5% sales tax, $70 title fee, $23 Bi annual license plate fees. I'm pretty sure taxes are based on the price your write on the back of the title. And you don't need a bill of sale. The guy I bought my bike from wrote the sale price on the title before I got there to pick it :bs: up so I have to pay $82 on a $1500 bike. Not crazy high, I didn't plan on completely avoiding the taxes but I probably would have written like $1000 and saved myself like $30. Oh well, I guess I did talk him down $50 on the price so I'm +$20. It works that way doesn't it?
In PA, you pay sales tax on transfer (seller can say he sold bike for $100 bucks and the people @ the fast tags will harass you but you tell them its a parts bike. A POS.). $36 annual registration fee, inspection fee, and of course insurance..
Gotta love the UK for this sorta thing - when i brought my GS500 (In a Used and Abused condition) All i had to pay to transfer the paperwork was.... wait for it... £0.00. Yup, Nothing. Zero. Zip.
Ok, so we have to pay a yearly 'Road Tax' of £50 (For a 500cc), and a yearly MoT to check its roadworthy (£30), and insurance... and fuel...
Cost about $24.00, one time fee, for my title and tax. $28.50, yearly, for registration. $75.00 a year for insurance. That's my one hundred dollar GS in the State of Ohio!
$717(AU) and change to register my bike for the year, and no doubt it will go up again this year.
I told the DMV i paid $200 for mine. They didnt ask twice :icon_mrgreen:
I bought my previous bike in Indiana (85' Nighthawk) I actually had this discussion with the BMV agent and he said In Ohio, they review these registrations and if it is significantly lower than bluebook or looks iffy, they will send a letter to the buyer and the seller and if the response is different, they will come back to you. I'm not sure of what penalties they will apply but, I didn't take any chances lowballing the state on titling a 2007 GS with 1400 miles.
Quote from: jwt0480 on April 01, 2011, 07:22:21 AM
I bought my previous bike in Indiana (85' Nighthawk) I actually had this discussion with the BMV agent and he said In Ohio, they review these registrations and if it is significantly lower than bluebook or looks iffy, they will send a letter to the buyer and the seller and if the response is different, they will come back to you. I'm not sure of what penalties they will apply but, I didn't take any chances lowballing the state on titling a 2007 GS with 1400 miles.
I know a guy that got busted for this. It was a Harley and he told the DMV he paid less than what he actually did. They went back to the seller to double check, and actually the last
3 owners of this bike ended up all getting busted for doing this. He was looking at a felony if he got convicted, so plead down to a lesser charge.
Quote from: pave_spectre on April 01, 2011, 06:41:15 AM
$717(AU) and change to register my bike for the year, and no doubt it will go up again this year.
WHOA! What am I complaining about?
i got my bike brand new so the dealer paid for my rego....
so rego in queensland is $241.50AU for 1 year... not to bad
In developed countries you go to an office and prepay your bribes. When the cops pull you over you have all the paperwork to show you've already paid. In some countries you can get fleeced every time you encounter a cop, or you could finish up ahead. At least with a set annual bribe you can budget around it, and everyone has to pay the same.
That's a cheery way to think about it.
Quote from: vinny on April 01, 2011, 04:04:31 AM
Gotta love the UK for this sorta thing - when i brought my GS500 (In a Used and Abused condition) All i had to pay to transfer the paperwork was.... wait for it... £0.00. Yup, Nothing. Zero. Zip.
Ok, so we have to pay a yearly 'Road Tax' of £50 (For a 500cc), and a yearly MoT to check its roadworthy (£30), and insurance... and fuel...
That total of £80 is like $130 (US) per year. Hard to say if thats better or worse than paying high one time title transfer and sales tax and then small yearly registration fees. If you keep your bike for a long time I'd say we got it slightly better here, but I don't know many people who hold onto bikes for more than a few years.
Also after learning that misrepresenting the sale price on a title could be a felony I'll probably just own up and pay full tax. But I still won't be happy about it
Quote from: mike__R on March 31, 2011, 05:57:23 PM
In MN there is just the sales tax & title transfer fees when you buy the bike, and after that it's just the registration tax each year, which is only $14.50 per year regardless of year/make/model. It's pretty sweet I can register 5 motorcycles for less than the cost to register a car each year.
Sheez, Mike! Not so loud.... :whisper:
Hope it stays that way, when the politicians are through with their cutting & taxing. :icon_rolleyes:
A fellow Minnesotan :cheers:
All the red tape makes me think twice about buying a project bike anytime soon. I want a 70's CB750, but I'm thinking the title-work involved in getting it legal after restoring it would be a nightmare...
Quote from: GreggSells on April 01, 2011, 12:28:28 PM
All the red tape makes me think twice about buying a project bike anytime soon. I want an 70's CB750, but I'm thinking the title-work involved in getting it legal after restoring it would be a nightmare...
What makes you think that? If it has a clean title before you restore it, it'll be clean after you restore it too.
Quote from: Big Rich on April 01, 2011, 12:58:25 PM
What makes you think that? If it has a clean title before you restore it, it'll be clean after you restore it too.
I'm just assuming it will be hard to find a cheap barnyard-beauty with a clean title. The restoration process has nothing to do with it. I think my wording was confusing. :cookoo:
Until a couple years ago in texas you were only taxes on the price you paid for the vehicle. I guess they got tited of everybody buying $100 cars so they changed it. Now they don't care what you paid the tax is either the selling price or not less than 80% of the assumed value.
what sucks is that the value they use is higher than kbb and comes from some state database.
Also if you buy a pos non running bike you have to pay an authorized party about $300 to sign a form stating the actual value otherwise you are still taxed on the assumed value.
Guess I like how Georgia does it (older vehicles anyway), they assess a really low value and the rate isn't too bad. I think I paid less than $30 last year.
The only bad thing is that the expiration date is your birthday. So it's "Happy birthday! Pay up."
Quote from: BadgerBiker on April 01, 2011, 11:07:20 AM
Quote from: vinny on April 01, 2011, 04:04:31 AM
Gotta love the UK for this sorta thing - when i brought my GS500 (In a Used and Abused condition) All i had to pay to transfer the paperwork was.... wait for it... £0.00. Yup, Nothing. Zero. Zip.
Ok, so we have to pay a yearly 'Road Tax' of £50 (For a 500cc), and a yearly MoT to check its roadworthy (£30), and insurance... and fuel...
That total of £80 is like $130 (US) per year. Hard to say if thats better or worse than paying high one time title transfer and sales tax and then small yearly registration fees. If you keep your bike for a long time I'd say we got it slightly better here, but I don't know many people who hold onto bikes for more than a few years.
Also after learning that misrepresenting the sale price on a title could be a felony I'll probably just own up and pay full tax. But I still won't be happy about it
Thats only road tax (now called vehicle excise duty - so they don't have to spend the money raised on repairing the roads!) and MOT, there's then insurance to buy - which is mandatory and can cost anything from <£100 to £1000 depending on age/experience etc.
My first GS (10 years ago) cost me just shy of £800 to insure for 1 year, the new one I got to commute has just cost me £89.36 and that is with no No Claims Bonus (which you gain for having insurance without claiming on an annual basis and reduces the cost of the premium by upto 50%) as my motorcycle NCB - 10 years worth! - entitlement is tied up on the big bikes insurance.
Insurance prices for young riders/drivers can be upward of £3000 for the first year! :o
Quote from: XLAR8 on April 01, 2011, 09:56:49 AM
i got my bike brand new so the dealer paid for my rego....
so rego in queensland is $241.50AU for 1 year... not to bad
Rego in Queensland for a two seat bike is $400 a year. Single seat rego is $219. Dealer prices on rego are whatever they say it is at the time as long as their numbers work in the end for them. If the dealer quoted you $241 he was probably quoting special dealer rates or some such. I kow cause both my bikes just had their rego done - one Jan, one Mar - and these are the current prices including the Compulsory Third Party Insurance.
Michael