Titles Unlimited -- Bail Bonds Blues?

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#1 (permalink)

07-21-2003, 09:44 AM

Excaliber

Senior Club Cobra Member

Join Date: Jul 2002

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Posts: 15,712

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I'm not sure that taxes should be based on "what YOU paid" for the car, IF that price is indeed far below a reasonable market value for the car as it exists at the time of registration.

In the case of an SPF a reasonable market value is MUCH easier to obtain than your typical Cobra. Prices for an FFR are all over the map. SPF's consistently sell in the $40-50K range.

I wouldn't be surprised to find that Calif is going after SPF owners for that very reason. The value of the car CAN be "nailed down".

Ernie

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