05' CBR 600 RR NBP paint! SoCal!
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From: In The 858
05' CBR 600 RR NBP paint! SoCal!
My friend is selling a 2005 CBR 600RR, Was originally factory silver, but was recently resprayed PROFESSIONALLY Nighthawk Black Pearl.. believe me, it looks amazing seeing the blue flake in the sun! This bike got a ton of attention from the ladies..
A message left from him telling about the bike:
My Bike is up for sale. Any serious buyers hit me back. Its a brand new 2005 CBR 600RR with only 2300 miles. The bike has a custom paint job(Metalic Black) with front and rear sliders, carbon fiber mirrors, and Carbon Fiber Levers. I have only had her for 6 months and i am to busy to go riding. Hit me up I am selling it for $8500 or Best offer. The registration is good for one year and i will sell it as a gift so you dont have to pay taxes.
Here are some pics:
call 858-603-3524 ask for reza.
** please note i take ABSOLUTELY no responsibility for this transaction, I am simply doing a friend a favor. **
A message left from him telling about the bike:
My Bike is up for sale. Any serious buyers hit me back. Its a brand new 2005 CBR 600RR with only 2300 miles. The bike has a custom paint job(Metalic Black) with front and rear sliders, carbon fiber mirrors, and Carbon Fiber Levers. I have only had her for 6 months and i am to busy to go riding. Hit me up I am selling it for $8500 or Best offer. The registration is good for one year and i will sell it as a gift so you dont have to pay taxes.
Here are some pics:
call 858-603-3524 ask for reza.
** please note i take ABSOLUTELY no responsibility for this transaction, I am simply doing a friend a favor. **
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Joined: May 2000
Posts: 9,817
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From: San Gabriel, CA
IIRC, the "gift" option only applies if you are a direct family member (brother, sister, father, mother, etc). Second cousin thrice removed does not count as a family member.
Thus, the buyer would have to pay taxes on the market value of the motorcycle.
Thus, the buyer would have to pay taxes on the market value of the motorcycle.
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Joined: Oct 2004
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From: In The 858
Re: (marmaladeboy)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by marmaladeboy »</TD></TR><TR><TD CLASS="quote">IIRC, the "gift" option only applies if you are a direct family member (brother, sister, father, mother, etc). Second cousin thrice removed does not count as a family member.
Thus, the buyer would have to pay taxes on the market value of the motorcycle.</TD></TR></TABLE> not really, ive actually done this before, my friend was asian, and im white they didnt care, and it worked.
Thus, the buyer would have to pay taxes on the market value of the motorcycle.</TD></TR></TABLE> not really, ive actually done this before, my friend was asian, and im white they didnt care, and it worked.
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Joined: May 2000
Posts: 9,817
Likes: 0
From: San Gabriel, CA
Re: (#1151)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by #1151 »</TD></TR><TR><TD CLASS="quote"> not really, ive actually done this before, my friend was asian, and im white they didnt care, and it worked. </TD></TR></TABLE>
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by DMV's website »</TD></TR><TR><TD CLASS="quote">
Family and gift transfers.
The following applies to vehicles which are currently registered in California:
* If you acquire a vehicle from your spouse, sibling, child, parent, grandparent, grandchild, or as a gift, you must record this transfer of ownership within 10 days from the date you take possession.
* You will need the title, also known as the pink slip, with the previous owner's releasing signature on line one. If the title shows a legal owner, their release must appear on line two.
* If the title is lost, an Application for Duplicate Title (REG 227) must be completed and signed. When an application for duplicate title is used, the legal owner's signature must be notarized.
* An odometer mileage certification is required if the vehicle is less than 10 years old. If the title does not have a designated space for this information, a Vehicle/ Vessel Transfer and Reassignment Form (REG 262) signed by both the seller and the buyer will be required. The REG 262 cannot be copied. An original must be submitted. To obtain a form by mail, call DMV's automated phone service 24 hours a day, 7 days a week at 1-800-777-0133. To speak to an operator, call between the hours of 8 a.m. and 5 p.m. Monday - Friday, Pacific Standard Time, or pick one up from your local DMV. If calling from outside the United States, please call 916-229-0370.
* You must also complete a Statement of Use Tax Exemption (REG 256), to receive the exclusion from the smog certification and use tax.
If the vehicle is a gift from someone other than a family member previously mentioned, you will need to:
* Complete a Statement of Facts, indicating the current market value of the vehicle.
* Complete a Statement of Use Tax Exemption (REG 256)
* Provide a Smog Certification.
The previous owner must provide you with evidence of a valid smog certification. Smog certifications are good for 90 days from the inspection. The smog certification is not required if a biennial certification was submitted to DMV in conjunction with renewal fees, within 90 days prior to the vehicle transfer date. A statement to that effect must be signed by the seller or the buyer. A vehicle inspection report may be required for proof of certification.
Recent legislation changed the requirements for vehicle transfers occurring on or after January 1, 2005. When you transfer a vehicle that is four or less model years old a smog certification will not be required. A smog transfer fee will be collected from the new owner. When a vehicle is more than four model years old, evidence of a current smog certification must be provided by a seller except when the following occurs:
o The transfer occurs between a spouse, sibling, child, parent, grandparent, or grandchild.
o A biennial smog certification was submitted to DMV within 90 days prior to the vehicle transfer date (a vehicle inspection report may be required for proof of certification).
</TD></TR></TABLE>
Apparently as long as you complete those two "Statement" forms, it seems to be ok. I guess I've been out of the loop for too long.
Good luck on the sale.
</TD></TR></TABLE><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by DMV's website »</TD></TR><TR><TD CLASS="quote">
Family and gift transfers.
The following applies to vehicles which are currently registered in California:
* If you acquire a vehicle from your spouse, sibling, child, parent, grandparent, grandchild, or as a gift, you must record this transfer of ownership within 10 days from the date you take possession.
* You will need the title, also known as the pink slip, with the previous owner's releasing signature on line one. If the title shows a legal owner, their release must appear on line two.
* If the title is lost, an Application for Duplicate Title (REG 227) must be completed and signed. When an application for duplicate title is used, the legal owner's signature must be notarized.
* An odometer mileage certification is required if the vehicle is less than 10 years old. If the title does not have a designated space for this information, a Vehicle/ Vessel Transfer and Reassignment Form (REG 262) signed by both the seller and the buyer will be required. The REG 262 cannot be copied. An original must be submitted. To obtain a form by mail, call DMV's automated phone service 24 hours a day, 7 days a week at 1-800-777-0133. To speak to an operator, call between the hours of 8 a.m. and 5 p.m. Monday - Friday, Pacific Standard Time, or pick one up from your local DMV. If calling from outside the United States, please call 916-229-0370.
* You must also complete a Statement of Use Tax Exemption (REG 256), to receive the exclusion from the smog certification and use tax.
If the vehicle is a gift from someone other than a family member previously mentioned, you will need to:
* Complete a Statement of Facts, indicating the current market value of the vehicle.
* Complete a Statement of Use Tax Exemption (REG 256)
* Provide a Smog Certification.
The previous owner must provide you with evidence of a valid smog certification. Smog certifications are good for 90 days from the inspection. The smog certification is not required if a biennial certification was submitted to DMV in conjunction with renewal fees, within 90 days prior to the vehicle transfer date. A statement to that effect must be signed by the seller or the buyer. A vehicle inspection report may be required for proof of certification.
Recent legislation changed the requirements for vehicle transfers occurring on or after January 1, 2005. When you transfer a vehicle that is four or less model years old a smog certification will not be required. A smog transfer fee will be collected from the new owner. When a vehicle is more than four model years old, evidence of a current smog certification must be provided by a seller except when the following occurs:
o The transfer occurs between a spouse, sibling, child, parent, grandparent, or grandchild.
o A biennial smog certification was submitted to DMV within 90 days prior to the vehicle transfer date (a vehicle inspection report may be required for proof of certification).
</TD></TR></TABLE>
Apparently as long as you complete those two "Statement" forms, it seems to be ok. I guess I've been out of the loop for too long.
Good luck on the sale.
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