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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!
..had the '15 RK advertised for two months on CL, one month CycleTrader last year before it sold. The '16 TriGlide, three weeks on FaceBook MarketPlace, CList & CycleTrader before it sold.
...yep, that's where the dealers have the BIGGEST advantage(+ financing too). They get tens, plus maybe couple of hundred people in their dealerships DAILY and all it takes is that one person who can't leave without buying a certain(or any)bike in their shop. Seems as though when I'm at any one HD dealerships I visit, someone is always buying a bike and they're revving the bikes and ringing the bell!!! Sometimes it happens a couple of times at one of the dealerships(lucky them)!!!
...yeah, you have a decent price now and I didn't think your $16K was out of the ballpark either. More than a couple of '16 FatBoy S's priced higher than $16K on CycleTrader that I saw a few days ago.
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.
Confusion seems to be your nominal state.
You have said a lot of things.
Now you are saying that because I am not a Dealer I am not required to forward sales taxes to the state. That obviously, cannot be true. If it is true, show something to support that statement.
Now you are saying that because I am not a Dealer I am not required to forward sales taxes to the state.
Exactly. Retail sales is not your business. If you made a profit on personal sales, you would (technically) be required to report income or capital gains but that doesn't happen.
It's the difference between business tax returns and personal. Damn..........................................
For private party vehicle sales, the BUYER pays the tax, but not to the seller. The buyer pays the tax to the state when the buyer transrers the title and registers the vehicle.
This turns out to be really important to me right now, because I am trying to sell a bike.
Here is the blurb...
If I was a Dealer (which I am not) then I would be required to collect tax from the buyer and pay the state. Since I am a private seller, I am not required to collect tax from the buyer. The buyer will pay the tax when the buyer regsiters the bike in their state.
For private party vehicle sales, the BUYER pays the tax, but not to the seller. The buyer pays the tax to the state when the buyer transrers the title and registers the vehicle.
This turns out to be really important to me right now, because I am trying to sell a bike.
Here is the blurb...
If I was a Dealer (which I am not) then I would be required to collect tax from the buyer and pay the state. Since I am a private seller, I am not required to collect tax from the buyer. The buyer will pay the tax when the buyer regsiters the bike in their state.
This has been the case in Texas for as long as I can remember, Bob. I'm pretty old, so that's a long time.
This has been the case in Texas for as long as I can remember, Bob. I'm pretty old, so that's a long time.
There is one thing that does not make complete sense...
What happens when you sell your vehicle to a person in a different state? Texas does not get any tax on that sale. The tax goes to the state where the buyer is located.
There is one thing that does not make complete sense...
What happens when you sell your vehicle to a person in a different state? Texas does not get any tax on that sale. The tax goes to the state where the buyer is located.
That's really not something you need to concern yourself about, Bob. It would be the buyer's responsibility to follow the regulations for their specific state. All I know is when I purchased my bike from an out of state seller, I paid Texas sales tax when I registered the bike in my county.
In TEXAS, dealers will collect sales tax upon a sale, as well as registration fees. They don't keep this they file the paperwork and make payment to the County the vehicle is registered in.
Dealer is not paying buyer is, you are not paying the dealer, you are paying the County, the dealer is collecting it. Private sales you pay the price and are responsible to pay the tax and transfer yourself.
No it's not hard, been doing it for years. Only thing that has changed over the last few years is most counties will now use a market value for taxes instead of what is on the transfer application, as they finally figured out most cars and bikes are not $500 projects.
Regardless if you think offers are low or not, you have the choice of whether or not to do business, simple as that. True value is what one person agrees to sell for and another agrees to pay, at that moment in time.
I was told a GOOD DEAL is when one person agrees to sell and another agrees to pay a price and they both think they screwed the other.
In TEXAS, dealers will collect sales tax upon a sale, as well as registration fees. They don't keep this they file the paperwork and make payment to the County the vehicle is registered in.
Dealer is not paying buyer is, you are not paying the dealer, you are paying the County, the dealer is collecting it. Private sales you pay the price and are responsible to pay the tax and transfer yourself.
No it's not hard, been doing it for years. Only thing that has changed over the last few years is most counties will now use a market value for taxes instead of what is on the transfer application, as they finally figured out most cars and bikes are not $500 projects.
Regardless if you think offers are low or not, you have the choice of whether or not to do business, simple as that. True value is what one person agrees to sell for and another agrees to pay, at that moment in time.
I was told a GOOD DEAL is when one person agrees to sell and another agrees to pay a price and they both think they screwed the other.
LOL, yeah, I remember when I registered my bike after I bought it in 2015 and the form asked me how much I paid for it. It kind of caught me off guard. Even though I could have written $500, I was honest and wrote what I actually paid.
Last edited by GalvTexGuy; Mar 30, 2019 at 08:00 PM.
This is why I asked my question about whether Dealers pay sales tax when they purchase a bike. Since RumbleOn does not have to pay sales tax when they buy your bike, I think their offers are a bit too low.
Also, how did you know that you could sell your bike at about $10,500 but it would take time?
I saw your other thread about the taxes as well. I think the best answer would be it depends on where you live and what that specific states sales tax laws are. Example, here in MA the buyer does not pay sales tax to the dealer, they pay the sales tax when they register it directly to the RMV/DMV. Since the dealers do not register them, there is no sales tax paid.
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