Cheapest way to register vehicle in CO?

[newracer]

Depends on value of the vehicle.

Gift taxes can apply to gifts of cars as well.

That's what I thought, no way in hell you are getting out of anything and not paying taxes.

I suppose it should be claimed on your income taxes but there is no sales tax, which is what you pay when registering.

[Grant H.]

I suppose it should be claimed on your income taxes but there is no sales tax, which is what you pay when registering.

Sales tax can be collected at time of registration, but on a $1 sale, is going to be very little.

Actual registration taxes and fees are also collected, and going to be paid whether it's a gift or not.

[Mazin]

I though a "gift" vehicle was subject to taxes on the taxable value of the vehicle, I've always put down $50 on the title and BOS.

[Lurch]

Wouldn't it be easier to just borrow the car and pay for her sisters plates and put the car on your insurance? I would think if she wrote a letter stating that you are borrowing her car any police officer would be fine with that if you get pulled over.

[sellersm]

Wouldn't it be easier to just borrow the car and pay for her sisters plates and put the car on your insurance? I would think if she wrote a letter stating that you are borrowing her car any police officer would be fine with that if you get pulled over.

How can we put it on our insurance if we?re not the registered party?


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[kidicarus13]

How can we put it on our insurance if we?re not the registered party?


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Insurance companies don't care, they'll take your money for whatever vehicle you want to pay them for. Trust me.

[Mazin]

Insurance companies don't care, they'll take your money for whatever vehicle you want to pay them for. Trust me.

^this. When ever I have worked out a payment plan on a private party sale, even if the vehicle remains at the seller's property I have always insured it.

[Irving]

You have to have an insurable interest to insure it. Could probably buy the policy though.

[Delfuego]

Bill of sale stating purchase price of $1

This used to work, but not no more. They go of "taxable value" now.

When I last did a xfer in Colorado, I did one as a gift... it worked then, but YMMV with greedy Dem taxoholics in charge.

Is was actually Governor Owen's that changed the law on vehicle registration...

[68Charger]

This used to work, but not no more. They go of "taxable value" now.

Is was actually Governor Owen's that changed the law on vehicle registration...

I thought Ritter was the one that really f'd it up, using "fees" to get around TABOR.

Regardless my point still stands, it'll only get worse with the tax-and-spend party in charge.

Not that the GOP can't screw you over, too...