Fill Me in on Montana Regis

Start with where the car is actually garaged. More than likely, there are laws in your state that if the car is physically garaged there more than half the year, you owe them property tax irrespective as to whether it's registered in MT. Naturally if the car is out of sight, out of mind, six months of the year you'll likely never get caught. But with a clearance, it's not a game I'd ever play. But if you do, it's a simple matter of creating an LLC, I believe? I checked into it five years ago, was something like that, LLC and agent of record.

 

I have some friends that have done it using this firm in Montana. http://www.bennettlawofficepc.com

 

You need to create a corporate entity like and LLC in Montana and hire a registered agent to be your address of record for any legal communications from the State. Once established you can register your vehicle with the state and pay for registration and plates. The amounts are based on the depreciated value of the vehicle so it's not that much.

There are no inspection requirements and only a registration sticker for the license plate. You can even get a permanent registration so you will never need to renew. Also, another benefit is that you do not have to install a front license plate since NY cops have no idea what is required in Montana.

You will have to insure the car where you park it most likely but that should not be a problem.

Good luck.

 

There is no sales tax here in Montana so the initial registration is less then states that charge sales tax on the vehicle I don't understand how all that works in other states. Don't you pay the sales tax to the dealer or any retailer when you make the purchase. Anyway we do have property taxes that are assessed in the registration. If I can find them I'll post up what it cost me to license a 348.355, and a 360 here last year so you can compare if it is worth it. Also I'm sure it's on the shady side of legal to register a car this way but more power to you.

 

Hope this helps.

http://www.ferrarichat.com/forum/business-investments/335263-montana-vehicle-llc-registration.html

 

Not worth it; received hefty fines and back taxes from the local state govt which made it more costly than the original taxes. Of course i'm talking about 100-200k cars here, maybe the math changes in other price groups.

 

This is good advice.

In Taxachusetts it would be illegal. Many years ago some people were registering their cars in tax free New Hampshire. The state clamped down on it and the police were taking down plate numbers of NH cars parked overnight. If they found you really lived in Mass. you were hit with back taxes, interest and sometimes fines.

It doesn't go on so much now because people turned their neighbors in because we have a yearly excise tax that goes into the town's coffers. Frankly if I saw a wealthy person in town with a $400k car with Montana plates........

 

Which state?

 

You would do what?

BTW? Isn't this what our hypocritical SecState got caught doing with his yacht?

 

Every state is a bit different.

When I lived in MD, there was a one-time 5% purchase tax.

In North Carolina, there is a one-time 3% Use Tax (purchase) + Annual Property Tax.

I remember in Northern VA, they had people waiting outside apartments and homes looking for cars with license plates from other states. They would then prosecute these people, if they lived there.

 

Yes, he tried to evade over $400k in sales taxes and about $70k in yearly excise taxes, but he got caught and had to pay up. Kerry was in Mass. politics all his life. If he didn't like taxes he should have been working to lower them, not working to evade them.

 

CA and MA, heard it happen from a close source in IL.

 

EXACTLY.

 

Be careful with this. Some states are really starting to crack down on the Montana registrations, especially if they see it on an exotic car.

 

NY too.

 

When my 360 would not pass Calif smog, I looked into this, not to avoid taxes but to avoid that smog test. It was not worth it and now that the car passes easily its really not worth it.

The big issue is how often do you drive the car, if its a near daily like mine the same cops will see it everytime you drive it and figure out what you have done. I suppose if its like a normal Ferrari and only driven once in a blue moon, you could get away with it.

 

The term "tax evasion" has a nice ring to it doesn't it ;

 

Or on an expensive RV/bus

 

2014 Montana registration costs. A few bucks is local tax so it wouldn't be exactly the same everywhere in MT

91 348 = $89
97 355 = $101
00 360 = $121

 

NoVA "inspectors" sent me a nice letter after I left my (DC registered) car in my office's parking garage for 2 weeks while on vacation. Since the car wasn't being driven during those 2 weeks, they either had done a walk-through or the garage "narc-ed" on me. It is out-of-control nuts.

 

Registering any passenger vehicle regardless of value in WI costs only $75 and there is no personal property tax.

 

I used to live there. You still pay sales tax though no?

 

Montana registration will work on a vintage car that you seldom drive or only show. A regular driver and you are looking for trouble. My 250GT had vintage plates with a one time fee of $75.00.

Zip auto in Missoula has a basement full of vintage exotics that ship out for shows.

 

5.5% sales tax first time you register the car. Sales tax is paid on the sales price minus any trade-in. So if you buy a car from a dealer that costs $100,000 and they take your old car in trade for $25,000, you only pay sales tax on $75,000.

Cars 20 years or older can get collector plates and pay a one-time fee of $200 plus sales tax on first registration.

And if your collector-registered car is model year 1979 or older, you can display vintage plates from the year the car was manufactured if you keep your valid WI plates in the car.