11-02-2007, 05:50 PM
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CC Member
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Join Date: May 2004
Cobra Make, Engine: Superformance #848 351W/396
Posts: 43
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Not Ranked
I wonder how many of the Cobra Replicas and 32 Fords and such that were registered "Illegally" were done so at market value. In other words the state feels they have been screwed out of tax revenue. And if you declared the value of your $65,000 replica as a $2000 1965 Ford, you did screw the state.
BTW why did you use a title company to begin with?
If the state was smart they would do away with the 500 annual limit and let everybody line up and register there damn cars under SB100. Oh lets see... Small example, 2,000 cars at $40,000 value at 7.5% sales tax = $6,000.000.00 in taxes to the state.
Would it hurt some folks to write the check for the unpaid taxes, sure. But, you would sleep soundly knowing that your car is clean, can be registered or sold at market value.
And for you folks in other states, how do you declare the value of your car?
If you came to CA from AZ to sell me your car and showed me a title for a 1965 Ford, SO WHAT! Why should any state recognize an incorrectly titled vehicle. SPF, Kirkham, does not matter, IT IS NOT A 1965 FORD! Your title designation has ZERO effect on the value of your car! Unless you find some idiot who doesn't know any better.
I am not trying to be a jerk about this but come on! And for all of you folks who are constantly feeling sorry for us poor folks in CA, please save you sympathy for somebody who really needs it.
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