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P700 Title or not to title

Swampdog

Swampdog

Well-Known Member
Lifetime Member
Mar 19, 2020
75
408
53
Forgotten Coast, FL
Ownership

  1. 500
Good idea to title it, someday you might want to sell it and it will be helpful in the transaction.
 
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Headhunterf100

Headhunterf100

Active Member
Oct 14, 2020
60
106
33
Virginia
Ownership

  1. 700-4

  2. Do not currently own
I have yet to title mine from a private individual purchase and I am actually currently in process of putting insurance on it. My insurance guy said its not an issue with not having it titled yet ( Thanks Covid )
 
TripleB

TripleB

Well-Known Member
Lifetime Member
Aug 13, 2018
11,597
98,329
113
Caryville, Tennessee
Ownership

  1. 1000-3

  2. 1000-5
I've owned four wheelers that I got used for years and never transferred them to my name. I just kept the signed title and when I resold them, I would pass along the title. That was just to avoid paying sales tax.
 
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highpocket74

highpocket74

Well-Known Member
Vendor
Jul 2, 2019
1,803
5,723
113
Kinder, Louisiana
www.10-80dirtsports.com
Ownership

  1. Other Brand

  2. Talon X
I've owned four wheelers that I got used for years and never transferred them to my name. I just kept the signed title and when I resold them, I would pass along the title. That was just to avoid paying sales tax.
That's when 4-wheelers were $3-5K. New SXS's are the price of a car and if you sell then most people will not have the cash to buy it on spot. In Louisiana the penalties after 30 days of not registering start adding up quickly as I learned on a 400ex purchase. Not doing that again.
 
TripleB

TripleB

Well-Known Member
Lifetime Member
Aug 13, 2018
11,597
98,329
113
Caryville, Tennessee
Ownership

  1. 1000-3

  2. 1000-5
That's when 4-wheelers were $3-5K. New SXS's are the price of a car and if you sell then most people will not have the cash to buy it on spot. In Louisiana the penalties after 30 days of not registering start adding up quickly as I learned on a 400ex purchase. Not doing that again.
It's a cash man's game especially now with everything computerized. I know 2 people that got the old tax bill a year later when buying out of state but having to finance.
 
TripleB

TripleB

Well-Known Member
Lifetime Member
Aug 13, 2018
11,597
98,329
113
Caryville, Tennessee
Ownership

  1. 1000-3

  2. 1000-5
That's when 4-wheelers were $3-5K. New SXS's are the price of a car and if you sell then most people will not have the cash to buy it on spot. In Louisiana the penalties after 30 days of not registering start adding up quickly as I learned on a 400ex purchase. Not doing that again.
I'm not saying do it by no means. Just stating the only benefit of not registering. A used 700 could easily be less than 10k. But still yet most people don't have that on hand either. Taxes on 10k here would be over $900.
 
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