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RMV website says "NADA Trade in Value" but NADA does not offer a trade in on the bike I"m titling (1986 GSXR1100).
The values they offer are:
Excellent $1685
Very Good $1215
Good $670
Fair $295
So which one are they gonna go by?
grab your ankles, because they are going to go by whatever makes them the most money!
1985 Honda Goldwing Aspencade ::::Current:::::
1984 Honda Interceptor VF500F ::: Project::::
2012 Honda CBR600RR :::::Current::::
2004 Honda CBR600f4i :::Sold:::
2005 Honda CBR600f4i :::Sold:::
I'm convinced they just make it up. I've never been able to figure out how they come up with a value, despite what the website says.
2012 Tiger 800 XC
Agreed.
Yep, agreed
Four wheels move the body, two wheels move the soul.
Current: 690E. Past: FE250, S1000XR, S1000R, Streefighter S, Monster S2R1000, RC51
1985 Honda Goldwing Aspencade ::::Current:::::
1984 Honda Interceptor VF500F ::: Project::::
2012 Honda CBR600RR :::::Current::::
2004 Honda CBR600f4i :::Sold:::
2005 Honda CBR600f4i :::Sold:::
With every vehicle I ever purchased while living in Ma, they charge you the higher of the two values.
Example:
Bike is worth $1000, but you paid $500, you pay the taxes on $1000.
Bike is worth $1000, but you got ripped off and paid $1500, you pay taxes on $1500.
Either way, you lose, MA wins. I'm so glad to be out of that state.
2006 DRZ400SM
I just paid the sales tax on two used bikes a couple weeks ago, because both bikes came from Connecticut and I want to get Massachusetts titles in my name. I did both at the same time, using the same worker at RMV Springfield. On the one where the bill of sale said a value lower than their book trade-in value, they charged me the trade-in value they had listed; in other words, more than I paid. On the one where my bill of sale said I paid more than their trade-in value they charged me tax on my paid amount. So if you are hoping for a low book value on the bike, make sure your bill of sale doesn't say anything higher than that number!
Guess I'm lucky, every bike I have paid sales tax on since 06' has been under book value. In 2010 I bought a 2006 Gsxr-1000 pretty sure book value was still around $7800, paid sales on purchase price of $2200....
Eh. As much as it pains me to say this, NH isn't all picnic either. Your reg fee is something of a dart thrown at the wall too.
I bought my 2011 used in the summer of 2011. Guy had it 3 months. The town clerk's book didn't cover 2011 yet and since the bike was not new, she would not take the number on my bill of sale. At one point she wanted to charge me road tax on $10k worth of bike! She actually said "Why don't we just call it $10k." Uh, how 'bout we not!
This is all true except when purchasing from a dealer. The RMV1 form the dealer fills out will state the purchase price, RMV goes by that.
Please tell that to the clerks in Lawrence then. One of them scratched out what the dealer put and wrote in THEIR amount.
Silly BMW guy......quattro for life!Those are fighting words
Saying quattro rules is simply the justification that one uses so they don't have to admit their car control needs improvement...... RWD and snows and I'll make your average Audi driver look like a noob
Audi's are too front heavy to handle well at the limit.
It is the best AWD system I know of though.
Last edited by e30addict; 10-30-12 at 04:32 PM.
2012 Tiger 800 XC
They just make the shit up. After I bought my 1198 in march I got an excise tax bill for $1,920.00. They claimed the Book value of the bike was 48K... I called them up told them they were wrong, they agreed and said they would send me the correct amount. 2 weeks later I get a bill for 1,120.00 claiming the book was now 28k. Once again I called them, this time I wasn't very pleasant when I asked where they get the MSRP from for their formula they couldn't tell me. Now granted this was at a town level but I am willing to bet the state uses the same black magic for getting values.
"When there's a gap you either commit yourself as a professional racing driver that is designed to win races or you come second or you come third or come fifth, and I'm not designed to come third, fourth, or fifth. I race to win, and if you no longer go for a gap that exists, you're no longer a racing driver."
Ayrton Senna
True. Im currently driving a 2005 S4 with the V8....super nose heavy!!
And if the dealer puts the tax amount in there, thats what they pay for state taxes...an RMV employee scratching out the written in amount and putting in their own number?? No fuckin way I would have settled for that. I would have gotten irate and the registrar herself woulda had to come down and settle it. No a chance in hell.
The state has to make money somehow and it's a business after all. I forget if they just use the standard sales tax (6.25%) or have something in addition for vehicles. But just for example, if you paid $5k for a bike and expected to pay $313 in sales tax (assuming 6.25%) and they said your bike was valued at $7k and charged you $438, it's really not a big deal. That's apprx $10 per month that you probably spend on going out to eat anyway. You have bigger issues if that $10 a month is breaking your bank IMO. Lobby against how your taxpayer dollars are spent instead.
Granted some people are buying bikes that are well over $10k, it's all relative.
As for the case above with the "48k" that became a "28k" bike, that's just plain wrong.
Last edited by Raffi D; 10-30-12 at 10:12 PM.
Wirelessly posted (Blackberry Bold 9930)
Are you fucking kidding?Originally Posted by Raffi D
Not really a big deal?
Because it may only work out to $10/month over the course of 5 years that makes it ok for the state to bend the rules and overcharge?
So say you go to buy a lawnmower. Price tag says $100. You go to pay, tax should be $6.25, right? Wrong, they decide at the register that the lawnmower you are paying $100 for is actually worth $200. So you pay $12.50
Next year you go back to the store to buy a new spark plug for your mower. Well hey, you now have to pay tax again on the mower you bought last year. Guess what though, your lucky day, the mower is only now valued at $150 so the tax you owe is now only $9.40.
But hey, its just a business, its ok.
God fucking help us all