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Also, if this guy sells the car to someone else and they cut him a check or something then it's a sale between the new buyer and your GF. It will make it's way into the endless network of paperwork and might come back to bite her as unclaimed income. In Maryland if you do not fill out the purchase price on the title with an accompanying bill of sale that is notarized the DMV goes off the bluebook value and basis it's records on that. So you might have gotten 400$ for the care but when Slick Rick goes to sell it, the buyer will have to take the title to the DMV. Bluebook might be 1-2grand and you'll end up biting the tax bullet. Just like anything in life, if it seems to good to be true, that's because it is. Same goes for people if they seem shady or what have you it's because they are.
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" Hope is the first step on the road to disappointment. " Last edited by BigFrank; 07-28-2010 at 12:25 PM. |
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