Will I get in trouble if I lower the amount I paid for my car for a title transfer at the dmv?

i listed purchasing price of $4000 on the title and taxes came to $745! I actually paid more like 5200. Can you list it at a way lower price then the amount paid? i mean who would be able to stop or catch you? i dont get it. The system is so damn complicated with titles and tags etc. christ so freakin unecesarry|||Can you list it at a way lower price then the amount paid? i mean who would be able to stop or catch you? i dont get it.


---





You will be taxed on blue book value of the car, more or less. Hope you get that,.|||Just ignor all that stupid talk about gifting .,, those answers are total crrrap .. Just say the value is,, 1\2 of what you paid for it ,,,every body lies about this all the time . and just give them wholesale price for the car as if it were in bad condition which would be about 2040 $ .. on cheap used cars ,,no body checks on this they just accept what you put down.|||Gifting a Vehicle








If you receive a vehicle as a gift鈥昺eaning you didn't purchase it鈥晅he title process is similar to the title transfer process listed above for used car buyers. However, you need to make sure the giver writes "gift" on the back of the title in the spot designated for the sales price. Other than that, the process is the same, and you will need to:








鈥onfirm that the owner has correctly filled out the odometer information if the vehicle is 10 years old or newer.


鈥ppear before a notary public, and watch the owner sign and date the form in the proper spots.


鈥ign your name in the correct spot.


鈥eceive the bill of sale from the owner.


鈥ake everything to a County Clerk of Courts office.


鈥ill out the Application for Certificate of Title form.


鈥ay the $5 title fee.


Once you're finished with the titling process, you should go to a deputy registrar's office to register your vehicle, obtain your plates, and pay the assorted fees.








http://www.dmv.org/oh-ohio/title-transfe鈥?/a>|||what if the gave you the car for a gift? you would have paid nothing, oh my|||If the DMV suspects you are cheating on the value, they will force you to pay taxes on book value. Only immediate family member can "gift" you a vehicle.