Selling Car to Casino: DMV Fees Exemptions?
are we able to sell the car to the casino without them paying DMV fees and sales tax?
Guide to Selling a Vehicle to a Casino Without DMV Fees and Sales Tax
If you are considering selling your vehicle to a casino in California, it's essential to understand the conditions under which you can do so without incurring DMV fees or sales tax. This article outlines the necessary steps and documentation required for this process.
Conditions for Exemption
The sale of the vehicle must meet specific criteria:
- The vehicle must be transported out of California instead of being driven.
- You need proof of transportation, which is typically provided through a Bill of Lading.
Required Documentation
To ensure compliance with DMV regulations and qualify for tax exemption, you will need to gather several important documents:
1. Bill of Lading
This document serves as proof that the vehicle has been transported out of California. It should include details about the transport company and confirmation that the vehicle was not operated on California roadways during its relocation.
2. Statement of Facts
A Statement of Facts from the customer is required, indicating their intent to title and register the vehicle at its new location. This statement helps clarify your intentions regarding ownership transfer.
3. CTDFA Form (CTDFA 446)
You will also need to complete form CTDFA 446 for tax exemption purposes. This form confirms that all requirements have been met concerning taxes related to this transaction.
4. REG 102 Form
The seller must sign a REG 102 form, affirming that the vehicle will not be operated on California roadways but only stored at its destination after sale.
Final Steps: Title-Only Processing Bundle
Your completed documentation should accompany your title-only processing bundle submitted to comply with DMV requirements effectively. Ensure all forms are filled out accurately before submission.
Conclusion
Selling a vehicle directly to a casino without paying additional fees or taxes is possible if you follow these guidelines carefully. Make sure all necessary documents are prepared in advance for smooth processing!