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CLS55 AMG for sale...private seller, save $6000-7000 on tax.

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Old Feb 5, 2005 | 09:05 PM
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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.

Last edited by Doctodd33; Feb 5, 2005 at 09:44 PM.
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Old Feb 5, 2005 | 09:33 PM
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FYI
In a lot of states you will still have to pay salestax upon registration regardless if you bought it from an individual or a stealer.
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Old Feb 5, 2005 | 09:46 PM
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Even if its a "gift" from a "distant cousin"?

T
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Old Feb 5, 2005 | 09:47 PM
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Yup
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Old Feb 6, 2005 | 02:46 AM
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ummmm....nope. Actually my question was rhetorical. No sales tax for gifts.

T
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Old Feb 6, 2005 | 03:57 AM
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W208 55 & R170 230
a almost 6 figure gift from a friend!!! ... ... what the hell friend is it
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Old Feb 6, 2005 | 07:36 AM
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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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Old Feb 6, 2005 | 09:53 AM
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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.

T
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Old Feb 6, 2005 | 03:54 PM
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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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Old Feb 6, 2005 | 03:55 PM
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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.
OOps...my bad...just re-read the post. You spoke of a CLS55....I was thinking the CLS 500.
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Old Feb 6, 2005 | 04:47 PM
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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.

T

Last edited by Doctodd33; Feb 6, 2005 at 04:49 PM.
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Old Feb 6, 2005 | 05:32 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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Old Feb 6, 2005 | 11:50 PM
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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.

T
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Old Feb 8, 2005 | 12:24 PM
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last bump....dealers selling for 20K over MSRP.

T
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