States Rights

States Rights

Originally shared by Alex Scrivener

Montana has no sales tax. Zero. Zip. Zilch. Nada. Walk into a DMV in California to register your new $1.5-million McLaren P1, and you'll pay something like $120,000 ... for a license plate. That's like $17,000 per letter or number. It's $10,000 per inch of license plate. This is a lot of money, even if you have a McLaren P1. Most McLaren P1 owners probably did not earn enough money to buy a McLaren P1 by paying $10,000 per inch of anything.

On the other end of the spectrum, you have Montana. Rural, comfortable, relaxed Montana, where there's no sales tax, and registering that very same McLaren P1 costs you something like $200 in registration fees. This cost difference -- for those of you without handy access to a calculator -- is roughly $119,800. In many places, this amount would buy you a condominium that includes an assigned parking spot and a community swimming pool with at least nine adult-only swimming hours every week.

Or you could get a license plate.

And so, many exotic-car owners are willing to trek to Montana just to save this money. Except, this brings us to reason No. 2 why so many exotic cars have Montana license plates: You don't actually have to go to Montana. Montana has no vehicle inspection, in which your car is looked over by a safety inspector to make sure it has, you know, seat belts. Montana has no emissions tests, in which your car must prove it isn't polluting. I get the sense that you can get a license plate for anything in Montana, including a tape dispenser.

Better yet, there are businesses in Montana solely dedicated to helping people avoid a sales tax on exotic cars and expensive recreational vehicles. Here's how it works: You hire a Montana law firm, they set up an LLC for you, they charge you a fee, and then they register your vehicles in Montana. Not only does this save you money, it also saves you time and aggravation, since the Montana business goes to the DMV for you. This simple fact alone may make Montana registration worth it.
http://www.autotrader.com/car-news/heres-why-so-many-exotic-cars-have-montana-license-plates-256721?LNX=none

Comments

  1. Timothy StreetSeptember 13, 2016 at 9:07 AM

    And why so many ships list the homeport as Wilmington, Delaware - or foreign parts unknown untaxed

    ReplyDelete

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