Thoughts on Pricing - Selling my L3901

[AlaskaL3130]

“Dealers often have no merchandise right now and it will get worse due to new Biden child credit checks that are now being sent out as we speak. Even high incomes in 6 figures are getting these checks.”

Thank you Joe Biden! Nice to see families getting a tax break vs. industry and wealthy individuals which was more typical with the past administration. Farm tax exception, reduced tax for child credit, etc....all good. In Alaska we have become accustomed to seeing Big Oil get the tax credits.

 

[kantuckid]

I doubt it's all that simple as stated, I'll bow out now and let you & Joe win this one.

 

[check]

So...... someone buys a private sale tractor in your state, or a nearby state.
Everyone pays sales tax on that used tractor?

13% HST tax here in Ontario

 

[fried1765]

13% HST tax here in Ontario

I believe that in Canada tractors all must have license plates.
Since the tractor must have a plate, the buyer must also pay sales tax.
Tractors in the USA do not have a license plate requirement.
In the USA, used tractors bought/sold between private parties are thus not directly taxable.
As a consequence most USA used tractor private sales do not have tax collected.
A USA private sale buyer is supposed to voluntarily pay sales tax, but it is rarely done.

 

[4570Man]

I believe that in Canada tractors all must have license plates.
Since the tractor must have a plate, the buyer must also pay sales tax.
Tractors in the USA do not have a license plate requirement.
In the USA, used tractors bought/sold between private parties are thus not directly taxable.
As a consequence most USA used tractor private sales do not have tax collected.
A USA private sale buyer is supposed to voluntarily pay sales tax, but it is rarely done.

You have to have a license plate on a tractor even if you don’t drive it on the road? And they’re yearly plates vs lifetime like a trailer? Do tractors in Canada also have titles?

 

[fried1765]

You have to have a license plate on a tractor even if you don’t drive it on the road? And they’re yearly plates vs lifetime like a trailer? Do tractors in Canada also have titles?

Yes! Tractors in Canada do have titles.
I am not Canadian, so cannot answer your other two questions.

Trailers have lifetime plates in the USA?
What states?

 

[RickB]

Yes! Tractors in Canada do have titles.
I am not Canadian, so cannot answer your other two questions.

Trailers have lifetime plates in the USA?
What states?

North Carolina for one.

 

[4570Man]

Yes! Tractors in Canada do have titles.
I am not Canadian, so cannot answer your other two questions.

Trailers have lifetime plates in the USA?
What states?

I don’t know the rules but they just say semi or permanent trailer at the bottom with no expiration date. Only 1 out of my 4 trailers has a plate and I’ve never been pulled over or given a ticket for it. It’s not required for private use trailers in my state.

 

[kantuckid]

In KY not all size trailer are tagged to begin with. Pull trailers are often not checked close either. I had a T@B teardrop RV trailer that had the weight on a signed sticker at the entry door-was 1584#'s. The law is 1,500 as I recall and I never tagged it for many years we owned it. I gave the new owner the new title certificate with it to do his out of state thing. My Gatormade utility trailer came with one when new but never titled. The last equipment trailer I owned had no title and the private seller lost the mfg.'s certificate to get one with so the 3rd owner after me had to pay $25 to get another one to allow getting a title. it's a racket?

 

[fried1765]

I don’t know the rules but they just say semi or permanent trailer at the bottom with no expiration date. Only 1 out of my 4 trailers has a plate and I’ve never been pulled over or given a ticket for it. It’s technically required in my state but apparently nobody cares about it.

Trailers over 3,000 GVW, can be registered in Maine for a total of up to 12 years, at a cost of $20 per year.
Can get a new registration after 12 years.
You do not need to have a residence in Maine to register a trailer in Maine.
New York residents cannot legally own a trailer registered in Maine.