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MaintainThePeace t1_it6ctnb wrote

Reply to comment by aarons6 in buying a used car from a private seller by 10poundtimebomb

That is true too, but for me I bought a completely road worthy classic truck fo 4k, the states database said it was working 54k.

Even if the truck was pristine, it wouldn't have been worth 54k, so I have no idea were they got that number from.

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aarons6 t1_it6d400 wrote

classic cars i understand. after a few years the KBB doesnt work anymore and they cant get a real value.

if im buying a 2018 toyota and try to tell the DOL i paid only 2k for it they will certainly wonder why it was so cheap.

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also a vehicle can be gifted one time in its lifetime for free.. just once tho..

so if you are buying a car that was bought new and never been transferred and you know the seller really well, this is an option. it does mark the car as a gift in the system i think and you might not be able to trade it in.. not sure tho.

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