When you go to the DMV to get the title transferred you will have to pay sales tax on the amount that the seller wrote of the back of the title when he signs it over to you.
Sometimes I've heard it happens that people accidentally put down the wrong number... O.O
Thank you. I remember how it works now. I have not bought a used car for more than 15 yrs. I used to work for a car manufacturer and I got free new loaner car every year. After that, I bought my 4runner new. I am ready to hand over my 4runner to my son and get myself an used car. He will get his driver license in 6 months. I promised to give him the 4runner since he was 9.
Do we have to pay sale tax if we purchase the used car via private party? I know that we have to pay sale tax if we purchase used car via dealer. Correct? I am in California