Does this sound right?

JesseG805 · 02-18-2016, 02:55 PM

When I originally got my Z, my sister helped me co-sign so that I could get a low APR.

Now she's going to buy a home, so I am attempting to refinance the vehicle without her.

The title currently has "Angelica" OR "Jesse"

So I went to my credit union and got approved at an extremely low rate. But then they tell me that I am required by the state of California to pay sales tax...again...on the vehicle.

I paid sales tax when I purchased the vehicle, but to have to pay them again? To me, this sounds absurd. Let me know what you guys think.

JARblue · 02-18-2016, 03:02 PM

If you purchased the vehicle originally and are now just refinancing, then no, you should not have to pay sales tax again. They should realize it is a refi and not a new purchase. Idiots like that would make me hesitant to use that credit union for my loan.

JesseG805 · 02-18-2016, 03:04 PM

You're telling me! I owe about 11k on the car, and when they told me I would have to pay $800 for the loan I was furious!

TexasChuck · 02-18-2016, 03:10 PM

BS. Try somewhere else. You are purchasing a loan, not a car.
Good luck.

JesseG805 · 02-18-2016, 03:22 PM

They're telling me that its a California DMV fee so I will give them a call in a bit.

jcosta79 · 02-18-2016, 03:51 PM

Quote:

Originally Posted by JesseG805

They're telling me that its a California DMV fee so I will give them a call in a bit.

How anybody puts up with all the crap in California is beyond me.

FairladyZ40th · 02-18-2016, 04:07 PM

Quote:

Originally Posted by JesseG805

They're telling me that its a California DMV fee so I will give them a call in a bit.

There's no way, other wise it would be stated on there. "DMV FEE" or "emissions fee" or something other than "sales tax". **** the system brother don't give them anything just like they don't give us ****.

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FairladyZ40th · 02-18-2016, 04:08 PM

Good thing you're bringing this up too because I need my car refinanced so I'll be putting up with this crap too. Further make sure that when you change the title that your sister claims it as a gift. Assuming that step is necessary.

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birdman71 · 02-18-2016, 04:14 PM

Quote:

Originally Posted by FairladyZ40th

Good thing you're bringing this up too because I need my car refinanced so I'll be putting up with this crap too. Further make sure that when you change the title that your sister claims it as a gift. Assuming that step is necessary.

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give me a call Mig and we can see about refinancing the car again and see what numbers look like now

FairladyZ40th · 02-18-2016, 04:15 PM

Will do, after work

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sx moneypit · 02-18-2016, 04:24 PM

Quote:

Originally Posted by jcosta79

How anybody puts up with all the crap in California is beyond me.

SouthArk370Z · 02-18-2016, 04:43 PM

If you are changing the title from You-OR-Her to just You, that may be considered a sale. If your Sister is OK with it, I'd just leave her name on it.

Edit: If Sister needs to get your car off of her credit report, then you'll probably just have to suck it up and pay the sales tax.

I'm guessing that a change of owner on the title would be considered a new sale and be taxed even here in AR.

barncobob · 02-18-2016, 05:12 PM

I would think that if ur sis just gifted the car to you then there would be no sales tax involved,,might take some time to do paperwork wise,,,i dunno, I just live in CA and it wears U down after many years.

JesseG805 · 02-18-2016, 05:52 PM

The verdict.

Siblings mean nothing in California at least. They state every other family combination except siblings.

She offered to keep it as is, but I'm gonna do the right thing and "rebuy the car."

I need a drink...

axmea? · 02-18-2016, 07:11 PM

The fees and taxes on these types of transactions are not unique to CA.

02-18-2016, 02:55 PM	#1 (permalink)
JesseG805 Base Member Join Date: Feb 2015 Location: Simi Valley, California Posts: 121 Drives: 12 370z 6mt Rep Power: 10	Does this sound right? When I originally got my Z, my sister helped me co-sign so that I could get a low APR. Now she's going to buy a home, so I am attempting to refinance the vehicle without her. The title currently has "Angelica" OR "Jesse" So I went to my credit union and got approved at an extremely low rate. But then they tell me that I am required by the state of California to pay sales tax...again...on the vehicle. I paid sales tax when I purchased the vehicle, but to have to pay them again? To me, this sounds absurd. Let me know what you guys think.

02-18-2016, 03:02 PM	#2 (permalink)
JARblue A True Z Fanatic Join Date: Mar 2011 Location: Austin, TX Age: 43 Posts: 36,450 Drives: 11 Z34, 98 E36 M3 Rep Power: 2684440	If you purchased the vehicle originally and are now just refinancing, then no, you should not have to pay sales tax again. They should realize it is a refi and not a new purchase. Idiots like that would make me hesitant to use that credit union for my loan. TerribleONE, kenchan, DEpointfive0 and 4 others like this. __________________ 2011 370Z 6MT Sport Gun Metallic \| ARC \| CJM \| Ecutek \| FI \| Fujimura \| R2C \| SPL \| Stillen \| TWM \| Z1 \| ZSpeed \|

02-18-2016, 03:10 PM	#4 (permalink)
TexasChuck Track Member Join Date: Oct 2012 Location: SE Texas Posts: 556 Drives: 2014 Black Cherry Co Rep Power: 14	Taxes? BS. Try somewhere else. You are purchasing a loan, not a car. Good luck. birdman71 likes this.

02-18-2016, 04:08 PM	#8 (permalink)
FairladyZ40th Enthusiast Member Join Date: Jul 2015 Location: San Diego Posts: 483 Drives: 2010 370z 40th 6MT Rep Power: 61	Good thing you're bringing this up too because I need my car refinanced so I'll be putting up with this crap too. Further make sure that when you change the title that your sister claims it as a gift. Assuming that step is necessary. Sent from my iPhone using Tapatalk birdman71 likes this.

02-18-2016, 04:43 PM	#12 (permalink)
SouthArk370Z Premium Member Join Date: Nov 2010 Location: South Arkansas Posts: 8,435 Drives: 2014 Challenger Rep Power: 324198	If you are changing the title from You-OR-Her to just You, that may be considered a sale. If your Sister is OK with it, I'd just leave her name on it. Edit: If Sister needs to get your car off of her credit report, then you'll probably just have to suck it up and pay the sales tax. I'm guessing that a change of owner on the title would be considered a new sale and be taxed even here in AR. __________________ Steering Lock Links - Search The370Z Bookmarklet - FSM @ NICOclub Mankind has progressed past the need for war but we haven't evolved that far. - NachoMahma Last edited by SouthArk370Z; 02-18-2016 at 04:48 PM.

02-18-2016, 03:04 PM	#3 (permalink)
JesseG805 Base Member Join Date: Feb 2015 Location: Simi Valley, California Posts: 121 Drives: 12 370z 6mt Rep Power: 10	You're telling me! I owe about 11k on the car, and when they told me I would have to pay $800 for the loan I was furious!

02-18-2016, 03:22 PM	#5 (permalink)
JesseG805 Base Member Join Date: Feb 2015 Location: Simi Valley, California Posts: 121 Drives: 12 370z 6mt Rep Power: 10	They're telling me that its a California DMV fee so I will give them a call in a bit.

02-18-2016, 04:15 PM	#10 (permalink)
FairladyZ40th Enthusiast Member Join Date: Jul 2015 Location: San Diego Posts: 483 Drives: 2010 370z 40th 6MT Rep Power: 61	Will do, after work Sent from my iPhone using Tapatalk

02-18-2016, 05:12 PM	#13 (permalink)
barncobob A True Z Fanatic Join Date: Sep 2015 Location: hangtown, CA Posts: 1,164 Drives: 16 370Z auto Rep Power: 590	I would think that if ur sis just gifted the car to you then there would be no sales tax involved,,might take some time to do paperwork wise,,,i dunno, I just live in CA and it wears U down after many years.

02-18-2016, 05:52 PM	#14 (permalink)
JesseG805 Base Member Join Date: Feb 2015 Location: Simi Valley, California Posts: 121 Drives: 12 370z 6mt Rep Power: 10	The verdict. Siblings mean nothing in California at least. They state every other family combination except siblings. She offered to keep it as is, but I'm gonna do the right thing and "rebuy the car." I need a drink...

02-18-2016, 07:11 PM	#15 (permalink)
axmea? A True Z Fanatic Join Date: Apr 2012 Location: SoCal Posts: 6,236 Drives: WELL ZED PW 6MT Rep Power: 53241	The fees and taxes on these types of transactions are not unique to CA. __________________ >MyZ's Album< NISMO Convert/ECUTEK/Takeda CAI/F.I. HFC NR CB Carbon/F.I. 34 Row Oil Cooler/4.08 Final Drive /Powertrix+Swifts/Hotchkis/SPL/Whiteline/TWM/Zoom Engineering/EVO-R/AeroJacket Vented CF Fenders + CF Spoiler/Avant Garde-WORK/NST/Morimoto Halo/STi Clear Lenses/Carbon Signal Automotive/RJM Performance/ZSpeed Clutch Flywheel CSC delete

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