Hi all, There are already various threads on the subject, and I'm not going to debate MT registration - we all know the pros and cons of it. However, DO have a question about something related to it! When discussing & exploring the subject of saving sales tax on exotics - it has been mentioned/some have thought: what about if you already are/or plan to become, a licensed car dealer?? Let me present a scenario to you: For those in the know - How would this situation work?? You ARE a dealer. You have dealer plates, of course. You want to buy (BUT FINANCE PART OF) a luxury or exotic car. You need to have a lender approve your creditworthiness, and put loan in YOUR OWN PERSONAL NAME. However, due to lien, you of course need full coverage insurance. Just like all your other personal vehicle policies, the insurance is in YOUR OWN PERSONAL NAME. Let’s just say your name is Joe Smith. So, you simply add “X” vehicle (let’s say it is a Veyron in this case) to your personal policy, insuring with comp & collision, etc. Good to go!! Now, Joe Smith has a loan IN HIS NAME for half the worth of this vehicle (Veyron), and Joe Smith also has comp & collision insurance IN HIS NAME for “X” vehicle (Veyron.) Lastly - registration. Joe Smith is the sole managing member of his dealer, say “ABC CARS LLC.” Auto Dealers can be issued a “TITLE ONLY/NO REGISTRATION” at DMV, avoiding sales tax & registration, but receiving no plates. Then, any auto dealer (in this case ABC CARS LLC), would own any vehicle that is “Titled Only” in the dealer name. Joe Smith decides he will use an ABC CARS LLC dealer plate to drive his Veyron around, and he is happy. So, Joe Smith gets a “Title Only” on “X” vehicle that he purchased above (Veyron!), and uses his dealer plate to drive the car. When Joe Smith and ABC CARS LLC got the “Title Only”, of course the electronic lien was notated (for the lienholder.) When said lienholder receives/looks at title of “X” (Veyron), they are going to see, and or previously know, three (3) things: 1. JOE SMITH got a loan in his name for half the worth of his Veyron. 2. JOE SMITH maintains and carries comp & collision insurance on the Veyron, per his state law, at the coverages reqd by insurance company. The Veyron is in addition to his Kia Optima (that his wife mostly drives), and his “other car” (say a Honda Accord). Three cars total on the personal policy. Note: the Optima and Accord are properly registered, taxes were paid & have regular plates - they don’t use dealer plates. Joe just didn’t want to pay tax on the Veyron! *Second Note*: of course this is slightly simplified. You don't insure your Veyron with Geico, next to your Accord. You likely use a specialty company. But you get the point.* 3. ABC CARS LLC, “owns” the Veyron - NOT Joe Smith, with whatever lienholder listed on there as well with ABC CARS LLC. So: What does the lienholder say about this slight discrepency (between loan/named insuranced/titled owner)????? No big deal???