title Transfer?

Discussion in 'Ask An Owner Operator' started by TruckerPete1990, Apr 28, 2015.

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  1. Apr 28, 2015 #1
    TruckerPete1990

    TruckerPete1990 Road Train Member

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    Okay so i need to do a title transfer. Bought the truck is MO Finnaly price was 40,000. NOW i just need a TITLE in my name... Called my revenue office. This is without Plates they said i need to pay 3,200 just for a title transfer. Does this sound right? The company im going to is paying for my base plates...
     
    TruckerPete1990, Apr 28, 2015
    TruckerPete1990, Apr 28, 2015
    #1
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  3. Apr 28, 2015 #2
    whoopNride

    whoopNride Road Train Member

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    Sounds like they are charging you Sales Tax since you bought it out of state. I don't know about Ark. But in Miss there is a form you can fill out saying you are gonna tag it for Interstate commerce. Then it is Exempt from sales tax. Check into that.

    Also, check with Mercer, if you are getting plate from them, you may be able to title it in Illinois and avoid Sales tax that way also.
     
    whoopNride, Apr 28, 2015
    whoopNride, Apr 28, 2015
    #2
    Cetane+ Thanks this.
  4. Apr 28, 2015 #3
    whoopNride

    whoopNride Road Train Member

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    If that is including sales tax, it is high. Mississippi is only 3% on Semi trucks.
     
    whoopNride, Apr 28, 2015
    whoopNride, Apr 28, 2015
    #3
  5. Apr 28, 2015 #4
    TruckerPete1990

    TruckerPete1990 Road Train Member

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    Yea im gonna get plates from them and the plates are based in Il. I wasnt expecting this and its a huge hit for me...
     
    TruckerPete1990, Apr 28, 2015
    TruckerPete1990, Apr 28, 2015
    #4
  7. Apr 28, 2015 #5
    whoopNride

    whoopNride Road Train Member

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    Look into that Exemption form. Mississippi has it on there Dept of Revenue website. Not sure about Ark.
     
    whoopNride, Apr 28, 2015
    whoopNride, Apr 28, 2015
    #5
  8. Apr 28, 2015 #6
    TruckerPete1990

    TruckerPete1990 Road Train Member

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    Yea trying to get these people to understand is the hard part. i called local auto store the other day for 5th wheel grease. He told me $150 for a bucket of it lol. Went to the store 2days later found a 4lbs of it for 9.99 lol
     
    TruckerPete1990, Apr 28, 2015
    TruckerPete1990, Apr 28, 2015
    #6
  9. Apr 28, 2015 #7
    fortycalglock

    fortycalglock Road Train Member

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    It sounds like they are charging sales tax. There are ways around that by having the carrier you're going to lease to do the title work in their state. That's what I do with Landstar.
     
    fortycalglock, Apr 28, 2015
    fortycalglock, Apr 28, 2015
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    dannythetrucker Thanks this.
  10. Apr 28, 2015 #8
    TruckerPete1990

    TruckerPete1990 Road Train Member

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    Just got back from there didnt know i had to have Original title lol waiting on my sales rep to over night it now. But they are saying to do just a title transfer its 3200 but like like $1500 to register it and do plates?
     
    TruckerPete1990, Apr 28, 2015
    TruckerPete1990, Apr 28, 2015
    #8
  11. Apr 28, 2015 #9
    fortycalglock

    fortycalglock Road Train Member

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    it looks like AR only charges sales tax on the first thousand bucks. Try another person, and by all means, find out what the individual costs are to come up with $3200.

    ETA, the $1,000 limit is for trailers. Danny got the right amount for trucks below.
     
    Last edited: Apr 28, 2015
    fortycalglock, Apr 28, 2015
    fortycalglock, Apr 28, 2015
    #9
  12. Apr 28, 2015 #10
    whoopNride

    whoopNride Road Train Member

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    No kidding,

    Im with fortycal, before I coughed that up I would sure exhaust all other options. Talk with whomever does tags, permits at Mercer. I believe they will be able to suggest a better way to title your truck without paying that.

    Good Luck
     
    whoopNride, Apr 28, 2015
    whoopNride, Apr 28, 2015
    #10
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