$2500 risk?
More Turbo
Joined: Sep 2015
Posts: 640
Likes: 282
From: Texas
They probably have closed that loophole, but I heard from a guy, who knows a guy, who dated a chick, whose brother put all his stuff in a Montana LLc so that sort of thing couldn't happen.
Banned
Joined: Dec 2018
Posts: 3,541
Likes: 458
That's a new one I haven't heard as far states demanding you pay back-registration fees and penalties from the date it was last registered. They just come up with all sorts of fun little way to stick it to average joes these days don't they? I guess the tax reforms of 2017 did help most working and middle class people a little but seems like it's never enough. (Indiana want's nearly $300 every February for a 26,000 lb plate to haul with. PA it's like $650...unbelievable)
He'd be lucky to have anybody give him $1000 for it as a parts truck at this point with the dirty title, registration snafu, and doesn't even run and drive. Then shuffle whatever paperwork to condemn the VIN and title as decommissioned/recycled to finally put it out of it misery. I got to that point with an old 89 Pontiac Grand Am I think the salvage yard offered $300-400 bucks and they showed up and hauled it away at no charge. Kind of depends on WHY it was salvaged in the first place. If the frame was fubared in a wreck it's definitely just a parts truck and not worth trying to make it roadworthy again.
He'd be lucky to have anybody give him $1000 for it as a parts truck at this point with the dirty title, registration snafu, and doesn't even run and drive. Then shuffle whatever paperwork to condemn the VIN and title as decommissioned/recycled to finally put it out of it misery. I got to that point with an old 89 Pontiac Grand Am I think the salvage yard offered $300-400 bucks and they showed up and hauled it away at no charge. Kind of depends on WHY it was salvaged in the first place. If the frame was fubared in a wreck it's definitely just a parts truck and not worth trying to make it roadworthy again.
Cargo Master
Joined: Apr 2012
Posts: 2,009
Likes: 522
From: Bottom Of Pikes Peak
I learned this when I bought my semi and trailer. certain dealers were even giving the info out for the guy down the road, sisters grandmothers aunt in OK. Unfortunately I couldn't take advantage because of the situation I had for the purchase.
I have a trucking buddy that's now in OK and he said he only paid a low one time registration fee. In CO it's a high annual fee until it gets so old that it levels out to a reasonable annual cost. However the Californians screwed up the economy here in Colorado
Thread
Thread Starter
Forum
Replies
Last Post
Mcgillicutty
1973 - 1979 F-100 & Larger F-Series Trucks
16
Sep 16, 2011 08:58 PM
hell_ford_16
1980 - 1986 Bullnose F100, F150 & Larger F-Series Trucks
4
Oct 2, 2003 03:52 PM
