Re: Packards at Auction

Posted by DavidPackard On 2020/5/28 16:24:03

The last time I looked into this BJ was 10% in both directions. Example: For a hammer price of 10K, the new owner pays 11K, previous owner receives 9K. I suspect there is a sales tax complication that likely applies in each state, that is, if the new owner registers the car in the same state that the auction is held there will likely be a transaction tax levied.

dp