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Old 07-28-2010, 01:36 PM   #17
Mugen910
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Default Re: I don't understand this..

Quote:
Originally Posted by Trouble View Post
In NY you can only buy and sell a certain amount of cars in a year without being considered a dealer. Becoming a dealer has its expenses. You ahve to pay taxes on profit also. The guy is just keeping his name off the paperwork so he does not need to become a dealer.
But he's got a dealership though. We found this out after the fact so I don't think that is the worry for him. I'm starting to think (worst case) he just wants to keep his name off it and resell it so that there is no liability on his part if something goes wrong.
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