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...I've lucked out twice with RumbleOn. On both bikes I put up for sale, 2 weeks after I got "their" quote I sold both bikes, cash sales too. One $4.5K, the other $6K over what they offered me.
They have to pay the sales tax when they sell it. It's called "sales tax", not "buy" tax and is paid by the seller and reported and collected at tax time (or quarterly, etc.) when the retailer reports his revenue. The fact that is usually passed through to the buyer doesn't change the fact that the seller is responsible for paying it to the state. Therefore, RumbleOn is going to give you an offer that reflects the amount of profit they think they can make when they sell the bike including the cost of the sales tax they will have to pay to the state.
If what you say is true, then all the prices for bikes on RumbleOn would be out the door prices. I doubt that is true. When they sell the bike, the buyer will have to pay them the sales tax as an additional cost to the buyer.
...I've lucked out twice with RumbleOn. On both bikes I put up for sale, 2 weeks after I got "their" quote I sold both bikes, cash sales too. One $4.5K, the other $6K over what they offered me.
If what you say is true, then all the prices for bikes on RumbleOn would be out the door prices. I doubt that is true. When they sell the bike, the buyer will have to pay them the sales tax as an additional cost to the buyer.
Maybe that's not their business model. It doesn't really matter whether you think what I've said is true. I'll leave that to your acute ability to grasp concepts.
But, I will ask you this. When was the last time you were required to report sales taxes you paid? Who do you think forwards the money to the tax collector? Who do you think the state will come after if said "sales" taxes aren't paid?
Last edited by 99Birdman; Mar 30, 2019 at 04:38 PM.
...the '15 RoadKing last May was a craigslist ad, guy lived 27mi away, The '16 TriGlide two weeks ago was a FaceBook Merchant ad, buyer lived only 9mi away. Had both bikes on CycleTrader, which I think is a great advertising company for good exposure nationally, but didn't get any bites on the one month ad I had with them on both bikes. Both guys were the first to come out to see each one.
Sometimes, it seems as though that's the hardest part, getting somebody out just to see your bike for sale.
Last edited by anthony_b.; Mar 30, 2019 at 04:52 PM.
...the '15 RoadKing last May was a craigslist ad, guy lived 27mi away, The '16 TriGlide two weeks ago was a FaceBook Merchant ad, buyer lived only 9mi away. Had both bikes on CycleTrader, which I think is a great advertising company for good exposure nationally, but didn't get any bites on the one month ad I had with them on both bikes. Both guys were the first to come see the each one.
Sometimes, it seems as though that's the hardest part, getting somebody out just to see you bike for sale.
I agree 100% with this. That is the advantage the Dealership has, over RumbleOn, and over private sellers. The hardest part IS getting someone to come look at the bike!
How long were the ad's running before some potential buyer came to look at your bikes?
I am currently trying to sell a really good bike but have not had a single person show any interest and I am pretty certain, if this bike were on sale at the Dealers, it would sell in a week at a higher price than I am willing to sell it for!
Maybe that's not their business model. It doesn't really matter whether you think what I've said is true. I'll leave that to your acute ability to grasp concepts.
But, I will ask you this. When was the last time you were required to report sales taxes you paid? Who do you think forwards the money to the tax collector? Who do you think the state will come after if said "sales" taxes aren't paid?
You are trying to tell us that if someone sells their bike to a Dealer, that someone needs to collect sales tax from the Dealer. THAT IS WRONG and creates a completely wrong impression. Please do not blame me for the questions that get asked in these posts, because it is responses like yours that create confusion.
You are trying to tell me that if I sell my bike to a Dealer, I need to collect sales tax from the Dealer. THAT IS WRONG and creates a completely wrong impression.
I said, if you run a business that has a resale licence and is require to report and forward sales tax, you have to pay it. Whether you collect it from the customer or not is up to you. As a private individual, that ain't you.
Try to keep up, Bob
ETA: There are several businesses here who advertise "We'll even pay your sales tax for you". It's an advertising ploy that says we'll eat the cost of what we have to forward to the state. Whoever the state looks to to forward the money is who is paying the tax.
Last edited by 99Birdman; Mar 30, 2019 at 05:27 PM.
I said, if you run a business that has a resale licence and is require to report and forward sales tax, you have to pay it. Whether you collect it from the customer or not is up to you. As a private individual, that ain't you.
Try to keep up, Bob
You try to keep up.
You also said this
But, I will ask you this. When was the last time you were required to report sales taxes you paid? Who do you think forwards the money to the tax collector? Who do you think the state will come after if said "sales" taxes aren't paid?
And your last statement is just creating even more confusion. Your last statement seems to imply that if I sell my bike to a private party, then I do not have to collect sales tax from the buyer and pay it to the state.
And your last statement is just creating even more confusion. Your last statement seems to imply that if I sell my bike to a private party, then I do not have to collect sales tax from the buyer and pay it to the state.
OMG
Bob, I said, YOU do not have a resale licence and are not required to report and forward sales taxes regardless of who you sell your bike to. A DEALER does have a retail licence and is required to do so.
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