CLS55 AMG for sale...private seller, save $6000-7000 on tax.
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CLS55 AMG for sale...private seller, save $5000-7000 on tax.
Alabaster white paint with cashmere beige interior. Car is presently at the Jacksonville docks and will be delivered to my dealer within about 1-2 weeks. I will be trading in my SL55 and then driving the new CLS55 home. I would like to keep the car but finances force me to sell it. I will sell this car for MSRP+$5000. This is still less than what you would pay at a dealership due to the 5-8% sales tax, depending on your state, which would be $5000-7000 approximately.
Car has a long list of standard features, the most important being the 469HP engine.
This car will be the first in the area because i am first on the long waiting list at my dealer for this newly released AMG car. Contact me by PM if interested.
edited sales tax %'s and asking 95K.
Car has a long list of standard features, the most important being the 469HP engine.
This car will be the first in the area because i am first on the long waiting list at my dealer for this newly released AMG car. Contact me by PM if interested.
edited sales tax %'s and asking 95K.
Last edited by Doctodd33; Feb 5, 2005 at 09:44 PM.
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Like I said; it depends what state you're in. A high dollar "gift" like that will have to be declared on taxes. Now, you figure out which is worse: gift taxes or sales taxes? Ask your accounted/lawyer. 
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I will ask my accountant. But i wont be making any money on the deal, so i wouldnt be declaring any profit. I will be trading in my SL55 and immediately shopping it around. I will probably go to some high end sports car dealers. If i make $1000 ill be happy.
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Originally Posted by NorCalGregclk55
When you register it as a new owner you will still pay good ole DMV sales tax. Are they getting over MSRP for the CLS? My local dealer has two of them and they said the price was MSRP.
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The DMV sales tax is based on what the buyer bought the car for. I havent bought a car privately in awhile, but i did a long time ago and i remember declaring it as a gift. If you say you bought it for 5000, then fine. The person at the counter probably doesnt know what the hell the car is worth anyway. Or say you traded it for something.
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Last edited by Doctodd33; Feb 6, 2005 at 04:49 PM.
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The person at the counter doesn't have to know. Their screen will tell them an approximate price. If its too low it will throw up red flags. They could ask all kinds of questions about the gift. Where did it come from? Whats your relationship? Got a social? Did you bring it with you? Can we see it? Etc. It will also show a title history unless you can convince the stealer to leave the title record blank. But then again you already stated in another thread that you're a good guy and don't want to leave your salesmonkey hanging. You may not get it but the buyer has a good chance to get it. Are you then going to reimburse him/her because of what you claimed/promised in your threads?
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I will definitely ask my salesmonkey(lmao) about leaving the title record blank. Im not sure about where you live, but the title/registration places THAT I KNOW OF around Miami/Ft Lauderdale arent so sophisticated last i checked...which was awhile back. Most are privately owned. Truthfully i dont expect to be able to sell it privately. Ill most likely shop it to some sports car dealerships, and they will in turn mark it up 20grand. Thanks for all the feedback.
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