"fair" market value in MN, regarding vehicle title transfers

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  • T RILEY
    Underground Racing
    • Aug 2009
    • 3544

    "fair" market value in MN, regarding vehicle title transfers

    I transferred the title to a new to me vehicle. Fast tracked it like normal. I get a call today saying I have to pay sales tax of 6.25% on fair market value of $4,XXX. I got the vehicle for cheaper than that. The lovely lady at the License center said to come in and fill out a form to send in to appeal the cost of the vehicle... anyone every have an issue with this?
    LMR WUT?
    -06 Built Turbo GTO. Sold AF
    -2011 CTS V. bone stock 473whp/484wtq. Mods to cum.
  • Turbo302
    Impossible is only Underfunded
    • Apr 2003
    • 1528

    #2
    What is vehicle in question? Show them your purchase agreement/ bill of sale.
    1988 5.0 Notchback
    100% Stock 302 Intake to Oil Pan as delivered from FORD Factory
    100% Stock Driveline (T5, Clutch, 3.08's, control arms etc...)
    100% Stock ECM/Tune ('88 California Mass air ECM)
    1 bolt on... Baby Precision TE44 TURBO
    Best time to date: 11.562 @ 123.37 1.892 60-ft BIR 9/19/08

    Comment

    • T RILEY
      Underground Racing
      • Aug 2009
      • 3544

      #3
      Originally posted by Turbo302 View Post
      What is vehicle in question?
      My yukon
      LMR WUT?
      -06 Built Turbo GTO. Sold AF
      -2011 CTS V. bone stock 473whp/484wtq. Mods to cum.

      Comment

      • M576NHRA
        Six to Noon
        • Aug 2012
        • 468

        #4
        I've never paid more than $2,999 for any of my less valued cars and never had an issue. I think $3,000 is the cut of correct?

        Comment

        • T RILEY
          Underground Racing
          • Aug 2009
          • 3544

          #5
          Originally posted by M576NHRA View Post
          I've never paid more than $2,999 for any of my less valued cars and never had an issue. I think $3,000 is the cut of correct?
          That is correct. I've never had a problem either.. Apparently high mile yukons are worth gold
          LMR WUT?
          -06 Built Turbo GTO. Sold AF
          -2011 CTS V. bone stock 473whp/484wtq. Mods to cum.

          Comment

          • KickAssFlash
            TCS AutoX Driver
            TCS Auto-X Driver
            • Jul 2004
            • 11568

            #6
            Tell them they don't have jurisdiction over you because they didn't send it from a room with a flag that has gold tassels on it.

            Comment

            • T RILEY
              Underground Racing
              • Aug 2009
              • 3544

              #7
              Originally posted by BarackUrSocksOff View Post
              Tell them they don't have jurisdiction over you because they didn't send it from a room with a flag that has gold tassels on it.
              Noted. Totally telling them this.
              LMR WUT?
              -06 Built Turbo GTO. Sold AF
              -2011 CTS V. bone stock 473whp/484wtq. Mods to cum.

              Comment

              • Drunko McMoppo
                Bloody Bill Brownlow
                • Aug 2003
                • 50752

                #8
                Just appeal it like Sheri or Angie said to do. Get an estimate from a shop and use that as proof that it needs work. I've sold multiple Yukons under 3k.
                1998 Buick Lesabre Custom

                Comment

                • 2baditsnotachev
                  TCS Homer
                  • Jul 2011
                  • 2354

                  #9
                  This is such a scam, when I bought my 68 chevelle they called it an above market value vehicle and according to their database of recent sales they wanted to tax me for $40k, nevermind that I actually paid $11k for it. I ended up putting collector plates on it to get around that bs.

                  Comment

                  • CAMSS30
                    .
                    • Oct 2002
                    • 36850

                    #10
                    What year is said yukon?
                    Buying muscle/sports cars/regular cars/trucks, send me info, I pay cash or credit card if that makes you feel better!

                    Comment

                    • mnstang
                      Bookending TCS
                      • Oct 2002
                      • 33500

                      #11
                      yes they did this to me on my last vehicle i titled and have heard that's what they do now, regardless of what you actually paid for it.
                      what a total crock of shit. fucking government is so full of shit.

                      Comment

                      • Drunko McMoppo
                        Bloody Bill Brownlow
                        • Aug 2003
                        • 50752

                        #12
                        Originally posted by mnstang View Post
                        yes they did this to me on my last vehicle i titled and have heard that's what they do now, regardless of what you actually paid for it.
                        what a total crock of shit. fucking government is so full of shit.
                        It's supposed to be a real money maker for the state, most people just send a check in and call it a day.
                        1998 Buick Lesabre Custom

                        Comment

                        • T RILEY
                          Underground Racing
                          • Aug 2009
                          • 3544

                          #13
                          Originally posted by Drunko McMoppo View Post
                          Just appeal it like Sheri or Angie said to do. Get an estimate from a shop and use that as proof that it needs work. I've sold multiple Yukons under 3k.
                          I was actually went to the maplewood location to do my title transfer. The lady that helped me was pretty hot. 30 or so with short red hair. I'd take her to dinner.

                          I paid $40 more I'm not too sure why but my title should go through this time. So the sexy License center chick tells me
                          LMR WUT?
                          -06 Built Turbo GTO. Sold AF
                          -2011 CTS V. bone stock 473whp/484wtq. Mods to cum.

                          Comment

                          • T RILEY
                            Underground Racing
                            • Aug 2009
                            • 3544

                            #14
                            Originally posted by CAMSS30 View Post
                            What year is said yukon?
                            two thousand and four.
                            LMR WUT?
                            -06 Built Turbo GTO. Sold AF
                            -2011 CTS V. bone stock 473whp/484wtq. Mods to cum.

                            Comment

                            • CAMSS30
                              .
                              • Oct 2002
                              • 36850

                              #15
                              Originally posted by T RILEY View Post
                              two thousand and four.
                              That explains it, pay the taxes asshole!
                              Buying muscle/sports cars/regular cars/trucks, send me info, I pay cash or credit card if that makes you feel better!

                              Comment

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