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

It's easy - LOOK UPPER right menu.

Sign in to follow this  
Followers 0
portageman

Used boat question

5 posts in this topic

When buying a used boat, do you pay tax and title transfer fees like a used car?

Share this post


Link to post
Share on other sites

In MN you pay title transfer fee but not sales tax on the boat if you buy from a private party. You pay title transfer fee and sales tax on the trailer.

If you buy a used boat from a dealer in MN you pay sales tax on boat, motor and trailer.

Share this post


Link to post
Share on other sites

so do they ask you how much you paid for the trailer then? If you paid like 3k for a package wouldn't the trailer be worth like 100 bucks?

Share this post


Link to post
Share on other sites

Most of the trailers I've bought have been worth about 20 bucks. grin.gif

Share this post


Link to post
Share on other sites

Quote:

so do they ask you how much you paid for the trailer then? If you paid like 3k for a package wouldn't the trailer be worth like 100 bucks?


That is exaclty how it works, they ask you what you think the price of the trailer is and then they tax you on that amount.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  
Followers 0



  • Posts

    • TrueNorth
      Did you finish 7th grade grammar? I'm trying to understand your question...can't!
    • SkunkedAgain
      There are two main spawning spots on Vermilion that I know of. I'm near the one on the west end of Vermilion. The walleye haven't been as good on this end yet they don't pull any fish out from here. They've been pulling walleye out of the east end spawning spot in Pike Bay, and for some reason walleye have been doing better over there.   I have no doubt that there are many variables that go into the equation, but you can't ignore that the end they put the 10% back into has been doing better than the one where they leave it alone.
    • TrueNorth
      Are there any updates for the area?  It sounds like crappie fishing is good in the shallows on Fishtrap.  I heard Sham is fighting high waters with no end in sight....
    • TrueNorth
      Trolloni - Do you write it that way to actually troll us?  Creel/lake surveys show Vermilion is very healthy and the DNR continues to use new technology.  It's only going to get better.  If we listened to old, arm-chair QB's, fishing would be as shi#TY as the West side.  
    • Cliff Wagenbach
      At least10% of all eggs hatched at the Pike River Hatchery are returned to Vermilion waters every year. According to DNR statistics that percentage is usually a much higher survival rate then if they had let the walleyes spawn naturally! I consider that a good trade off! Cliff