Quote:
Originally Posted by rbickle
As I understand it, the first title does not require me to pay thousands in sales tax on the car. This would be my goal. How would you go about "abandoning" the Colorado title?
Thanks,
Rick
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Rick, IMO, without an MSO this is just another used car coming into TX with an out of state title. It is a 2001 whatever the CO title calls it. If you cannot prove you paid sales tax on it out of state, you will owe 6.25% to TX when you register it. If you do not have the bill of sale, the tag office will assume a value.
(do not take this as gospel, each tag office has varying levels of knowledge of the TX laws and we here have found consistent inconsistency statewide.)
As a separate matter, you should obtain insurance on it with a comment that it is a "1965 Ford Cobra Replica." An insurance agent who does Cobra Replicas will be familiar with this procedure. This will exempt you from being emissions compliant for a 2001 car. All you will have to comply with is a safety inspection (lights, brakes, belts, etc.) You must do this before you go for the title, they want to see the inspection report (the "green sheet" that isn't green anymore).
Yes, you can put an old TX plate on it if the number is available and you re-register the old plate. But that is not related to the titling process you have to go through. It is just cosmetic.
Good luck!
Sam