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Posts: 91
| Purchased a 2015 Lund 1875 Pro Guide with a 90 Merc.
My state charges sales tax on the boat only. What is the best way to determine the value of the boat, trailer and engine? What's a 90 Merc with tiller assist worth?
Thanks |
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Posts: 3482
Location: Elk River, Minnesota | Hiya,
I'd go to NADA values or go to a local dealer and ask them to get a value for you. I believe they use a different book for valuing the rigs they sell and bring in,
My gut says Steve Worrall will know that answer quite well as he has worked with various companies in the business for many many years...
Steve |
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Posts: 114
| Hoffy - 8/24/2017 6:00 AM
Purchased a 2015 Lund 1875 Pro Guide with a 90 Merc.
My state charges sales tax on the boat only. What is the best way to determine the value of the boat, trailer and engine? What's a 90 Merc with tiller assist worth?
Thanks
Depending on hours and what you have for electronics, I would say its worth around that 28-29K range. |
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Posts: 897
| Just tell them the trailer is worth $500 is my thought. They don't dig into it or question it in my experience. |
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Posts: 1767
Location: Lake Country, Wisconsin | ......Illinois will dig into your value, at least on your boat. And will go as far as to contact your seller you worked with. There's an associated fine if you get caught misrepresenting what you paid.
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Posts: 320
| Musky Brian - 8/24/2017 4:08 PM
......Illinois will dig into your value, at least on your boat. And will go as far as to contact your seller you worked with. There's an associated fine if you get caught misrepresenting what you paid.
Seriously? I've lived in IL all my life & have bought & sold boats & have friends that have as well and I've never heard of this happening. With the current state of affairs here I doubt if they have the manpower to do this.
Heck, I begged them this spring to take my money for turkey permits for my daughter & me. They had hundreds of permits left but would not sell me any because "it was past the deadline" And we wonder why this state is in such financial ruin....... |
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Posts: 1767
Location: Lake Country, Wisconsin | ToddC - 8/24/2017 8:51 PM
Musky Brian - 8/24/2017 4:08 PM
......Illinois will dig into your value, at least on your boat. And will go as far as to contact your seller you worked with. There's an associated fine if you get caught misrepresenting what you paid.
Seriously? I've lived in IL all my life & have bought & sold boats & have friends that have as well and I've never heard of this happening. With the current state of affairs here I doubt if they have the manpower to do this.
Heck, I begged them this spring to take my money for turkey permits for my daughter & me. They had hundreds of permits left but would not sell me any because "it was past the deadline" And we wonder why this state is in such financial ruin.......
yup, they have a specific department dedicated to just that. I hadn't heard of it either, and had bought multiple boats out of state. Then I got a not so fun piece of mail one day.... |
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