Can you tell what a previous owner paid by the "Fees Paid" line on a CA Title? | FerrariChat

Can you tell what a previous owner paid by the "Fees Paid" line on a CA Title?

Discussion in 'Ferrari Discussion (not model specific)' started by CarreraScott, Oct 31, 2007.

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  1. CarreraScott

    CarreraScott Formula Junior

    Jan 30, 2004
    592
    Charlottesville, VA
    I have a title that says "Fees Paid $1340" on a California title. Would this translate to a specific sales price of the car? (I'm not from CA so not sure how it works there).

    Thanks!
     
  2. FasterIsBetter

    FasterIsBetter F1 Veteran

    Jul 22, 2004
    5,855
    NoNJ/Jupiter FL
    Full Name:
    Steve W.
    I'm not from CA, but I'd think not. It's possible that the number includes fees other than sales tax. But also in most states, if you trade in a car, the amount that you pay sales tax on is reduced by the value of the trade-in, so that the tax paid would not reflect the actual value of the car.
     
  3. CarreraScott

    CarreraScott Formula Junior

    Jan 30, 2004
    592
    Charlottesville, VA
    Good point, forgot about that.
     
  4. Chiaro_Slag

    Chiaro_Slag F1 Veteran

    Oct 31, 2003
    7,789
    CA
    Full Name:
    Jerry
    You probably can figure it out. It does include fees other than sales tax, but if you know roughly how much those fees are, you can do the math.

    There is no trade in deal in CA, so you don't have to worry about that.
     
  5. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,599
    Gates Mills, Ohio
    Full Name:
    Jon
    Find the line that says "Use Tax", if you have it itemized.

    It varies by county, but in San Diego County we pay 7.75% on vehicle purchases (currently). So, purchase price * .0775 = the use tax.

    EDIT: Every time I have sold a car here, the buyer seems to want to report (to our DMV) the price paid as lower than actual to evade/reduce this tax. They chafe a bit when I say no, but obviously it's illegal. If that happened with your car you may not get a 100 percent accurate picture of the selling price.
     
  6. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    you might find out what they told the dmv they paid.
     
  7. 1ual777

    1ual777 F1 Rookie

    Mar 21, 2006
    2,948
    Orange County, CA
    Put it this way: at 7.75% it is another chunk of $$$ you have to come up with when you go to change the registration. And they do not take I.O.U.'s.
     
  8. SrfCity

    SrfCity F1 World Champ

    What advantage is it knowing what the last guy paid? If you feel satisfied with the deal than that's all that matters :)
     
  9. Steveny360

    Steveny360 F1 Veteran

    Sep 5, 2007
    7,070

    There is no credit for the value of the trade in, in California.
     
  10. Darolls

    Darolls F1 Veteran
    BANNED

    Jul 2, 2003
    7,782
    Full Name:
    Sparky
    +1
     
  11. rtking

    rtking Formula Junior

    Mar 5, 2006
    703
    Huntington Beach, CA
    Full Name:
    Bob King
    Unless you know the complete history (i.e. was there any titling fee, deferred registration fees, etc.) you'd only be able to guess as to what the previous owner paid. But if we were to assume San Diego or Orange County, then there's 7.75% tax to be paid. If X * .0775 = 1340, then we could guestimate that the previous owner paid $17,290 for the car if he bought it the previous year (when the registration was due.) But registration fees reduce by a percentage for every year that you've owned the car, so in California, you would have paid the most registration when you take the car from the dealership, and each subsequent year, your registration fees drop by a percentage. Hence, not knowing how long the previous owner had the car, the above "guestimate" is just that - a guestimate that could be off by a lot.
     

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