Registering Monday, What's it "Worth?"

[Segments]

So, finally got the title for a car I went to buy a few weeks ago. It was a private deal, and in my favor the seller did not include a price on the bill of sale...Here's all the details on the car...
'08 135i
BSM 45k Miles
Fully loaded with packages, coral red interior
Now...I know most additions don't really matter, because the DMV doesn't know about them...My question to you guys is, what should I put on the bill of sale? I can put a price for a stock 135i with nothing special right ? Let me know!

[MuNkY6913]

Your supposed to put exactly what you paid for it. Doesn't matter what it's worth. Or if you want to do some fraud the seller would say it didn't run and sold it for 100 so you only pay tax on that.

[mahlerbeatdown]

Originally Posted by MuNkY6913

Your supposed to put exactly what you paid for it. Doesn't matter what it's worth. Or if you want to do some fraud the seller would say it didn't run and sold it for 100 so you only pay tax on that.

They'll get you....

I said I paid 12k on a 09, private sale. Via mail I received a notification that my purchase price didn't align w/ market value. I had to send in my bill if sale, which luckily my seller left blank

[miggs]

DMV will not ask to see the bill of sale (atleast they didn't ask for mine). Bill of sale is more like a contract so if somewhere down the line the seller claims he's car was stolen I guess? (Correct me if I'm wrong) all I showed was my title, insurance and filled out an application. You can say you bought the car for 2k if you wanted to. Because the future value of the car is determined for paying price registered I listed mine a slightly higher than buying price only to help keep the value of the car up.

[mahlerbeatdown]

Originally Posted by miggs

DMV will not ask to see the bill of sale (atleast they didn't ask for mine). Bill of sale is more like a contract so if somewhere down the line the seller claims he's car was stolen I guess? (Correct me if I'm wrong) all I showed was my title, insurance and filled out an application. You can say you bought the car for 2k if you wanted to. Because the future value of the car is determined for paying price registered I listed mine a slightly higher than buying price only to help keep the value of the car up.

You can put whatever and the dmv won't say a thing... But the state can check and if the value is too far off market, they'll want proof. Happened to me only a few months back.

Not only that, i was told this could happen from someone that buys/sells a lot.

[Segments]

Yes, exactly, my point is that he left the bill of sale number blank. I was wondering what you guys thought fair value would be, that was more my question.

[mahlerbeatdown]

Originally Posted by Segments

Yes, exactly, my point is that he left the bill of sale number blank. I was wondering what you guys thought fair value would be, that was more my question.

Well... You can put whatever since you'll technically have a receipt if they request it later on. I have an 09 128i w/ 50k miles (when purchased) and 12k flagged them... So

[Zombie1]

Originally Posted by mahlerbeatdown

They'll get you....

I said I paid 12k on a 09, private sale. Via mail I received a notification that my purchase price didn't align w/ market value. I had to send in my bill if sale, which luckily my seller left blank

LMAO no shit it didnt work 12grand

[mahlerbeatdown]

Originally Posted by Zombie1

LMAO no shit it didnt work 12grand

Well.... I didnt actually pay much more. Only paid 15 for a fully loaded 128i w/ a second set of wheels

Comfort access
M sport package
Nav
Cold weather
Alarm
Etc

[Segments]

Originally Posted by mahlerbeatdown

Well.... I didnt actually pay much more. Only paid 15 for a fully loaded 128i w/ a second set of wheels

Comfort access
M sport package
Nav
Cold weather
Alarm
Etc

Yeah, I went with 15 grand on the BOS...Payed around 18. Let's see how it goes; feedback tomorrow !