Guests - If You want access to member only forums on HSO. You will gain access only when you Sign-in or Sign-Up on HotSpotOutdoors.

It's easy - LOOK UPPER right menu.

  • RECEIVE THE GIFTS MEMBERS SHARE WITH YOU HERE...THEN...CREATE SOMETHING TO ENCHANT OTHERS THAT YOU WANT TO SHARE

    You know what we all love...

    When you enchant people, you fill them with delight and yourself in return. Have Fun!!!

Sign in to follow this  
fasternu

buyig a new boat

Recommended Posts

I was recently told that if a person from Minnesota was to buy a boat from a private party (not a dealer), then they don' have to pay tax on it. Is this true? I'm not sure I trust this person, as I had been told that on atv's, snowmobies, etc you had to pay tax and title fees. Can anybody help me, as I'm looking at a pretty expensive purchase. Thanks in advance.

Share this post


Link to post
Share on other sites

If you buy a used boat you would pay tax on the value of the trailer only, not on the value of the boat, motors or accessories. The value on most used trailers is $100 to $1,000.

Share this post


Link to post
Share on other sites

What PJ said. Only taxes and transfer the lifetime trailer license to you. You do have to pay to register the boat if it isn't already. But no taxes on the boat itself, just the trailer.

Share this post


Link to post
Share on other sites

Enjoy it while it lasts .... with government tax revenues issues, It would not suprise me if we started to see private party used boat sales taxes (just like used cars when you xfer the title).

Didn't realize this when I bought my first used boat ... it was a pleasant suprise. More money left over for accessories and fishing stuff grin

Share this post


Link to post
Share on other sites

When I went to register my boat & trailer, the lady behind the counter asked me what I thought my boat trailer was worth... $100 she said.

I looked at her like she just insulted me.

I said "No, its got to be worth at least $600."

She said "Thats fine but you'll pay tax on whatever amount you tell me. $100 Right?"

I just smiled and thought what kind of operation do we run around here. Just too funny.

Share this post


Link to post
Share on other sites

Fasternu,

That is correct. When purchasing from a private party, there is no MN sales tax, just a $58 flat tax, regardless the value or year of the rig. Used is used. [Note from admin: Please read forum policy before posting again. Thank you.]

CB

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  



  • Your Responses - Share & Have Fun :)

    • I just purchased a used 20 gauge for my 14 year old daughter. I hunt mostly state land for pheasants. It is a 2 3/4 auto with interchangeable chokes. What size steel shot and choke tube would you recomend for her?
    • I just got back from a work trip to MI. I could not believe the difference in ground cover. We traveled all the way from Dearborn back to Bemidji heading through the U.P.  Most of MI had very little ground cover but WI was flush, green everywhere! I only got to check a few spots at rest areas but I never saw a thing. The ground was dry at most spots on the way home. I'm gonna go hit my spot tomorrow, hopefully it hasn't been picked yet!
    • love those when ya see them!!!
    • Took the kayak crappie fishing opening weekend and when calm always bring with the DSLR with. These turtles are glad the weather has finally consistently warmed up. I always find it funny seeing turtles stacked on top of each other and found a few along with multiple species which was nice.     
    • I was going to hunt wi this weekend but fishing musky with my fly rod is what I will do instead.  Good luck!!!!!!!
    • Anyone still at it?   not sure that i will get Isaac out anymore, will still ask these last few days.   Good luck everyone.
    • Haha, sounds like you have a good head on your shoulders and great perspective, Borch.  Plus, I think it's good to be upset about missing!  It motivates a guy to take more selective shots and make better shots.  My shot selection was ok, but my execution was not good.  I made a good shot at a stationary target, but the target was walking.  D-U-M, dumb!!!  Such is life!  Next year Morgan and I will shoot turkeys (as long as I can still get her out there).  
    • From what I read the idiot did not tell anybody....was asked to play in the World's and declined saying his wrists hurt so they made him go in and found the torn tendons...what a duffus.
    • It reminds me if the first year I took my son turkey hunting.  He had several close calls but didn't get a bird.  He was upset.  I said, "Why are you upset?  We got to hunt together for several days and had several exciting encounters.  If you shot one the first day we would have missed all that fun together"  He thought about it for a while and he smiled.  The older I get, the less its about the kill.  Reframing what I thought success was has added to my hunts.  Now, if I could get less upset when I miss a bird I'd have it all figured out.