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Author Topic: WTS 2003 Ford Mustang Coupe Premium  (Read 1765 times)
vampire
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April 13, 2012, 04:49:39 PM
 #1

For sale my baby car - 2003 Ford Mustang Coupe




  • 3.8L 193 hp V6 engine, great torque
  • Less than 70000 miles
  • Leather interior with leather wrapped steering wheel
  • After market MP3/CD system with ipod support and bluetooth handsfree
  • I installed a hitch, but no electrical wiring. I am using it to transport my bike.
  • Last 2 years: changed all rotors/pads, new set of tires, fuel filter, serpentine belt
  • One owner

Pictures are from last year, I'll post new ones when I get a chance to make them: http://imgur.com/a/15W2J
I am looking for around 1200 BTC. The car is located in NYC.

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Littleshop
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April 13, 2012, 09:10:44 PM
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Good luck!  I had a 2004 Convertible V6 manual (still the same body style) and loved it.  I sold it over the winter and should have thought about selling it for bitcoin!

While it was a blast to drive, it also got near 30mpg on the highway (in excess of the EPA rating).


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Ad astra.


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April 13, 2012, 11:15:00 PM
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Glad to see car sales in Bitcoins! Not interested, but best of luck to you.

-- BinaryMage -- | OTC | PGP
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April 14, 2012, 01:34:50 AM
 #4

Thats a GREAT price!

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

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vampire
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April 23, 2012, 10:18:50 PM
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Weekly bump: Crossed 69000 miles after my latest trip, now about 69250 miles.
vampire
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May 04, 2012, 01:26:20 PM
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Bump! Very close to 70k now :-(
sadpandatech
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May 04, 2012, 01:48:26 PM
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Bump for a good deal at almost 2k$ below book value.


cheers

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vampire
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May 04, 2012, 02:51:52 PM
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To have a legal sale in the US at least a dollar has to change hands. Assuming this was sold just for $1 would there be any issue with the IRS?

Thx

If you sell a car under a purchase price, you don't need to pay any tax (as far as I know). So unless I sell car for 24k I don't require to pay any tax. Nor I am allowed to take a loss on the personal property :-(

From the buyer's perspective we can put a price on the car, so when he resells he won't need to pay tax.
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May 04, 2012, 03:30:48 PM
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to bad this offer wasnt around 2yrs ago. great price but with any luck I wont be needing a new car for 5yrs+
vampire
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May 12, 2012, 06:36:03 PM
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Well, sadly this car is getting sold for USD.
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May 12, 2012, 06:58:03 PM
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To have a legal sale in the US at least a dollar has to change hands. Assuming this was sold just for $1 would there be any issue with the IRS?

Thx

In the states, the issue is usually not with the IRS.  You do not pay income tax when you sell a car for less then you paid for it.  The issue is with the state government and the tax is based on the value. 

From our DMV in Maryland. 
An MVA “Bill of Sale”

    A notarized MVA “Bill of Sale” is needed if the sale price is less than the vehicle’s book value and the vehicle is 7 years old or newer. Please call the MVA’s Customer Service Center at 1-800-950-1MVA (1682) to verify the vehicle’s book value.
    If a notarized “Bill of Sale” is not presented and the purchase price of the vehicle is within $500 of the retail value as shown in the National Publication of Used Car Values, MVA will accept the purchase price as completed on the title.
    An excise tax will be charged on the basis of 6% of the vehicle’s book value or 6% of the purchase price on the notarized “Bill of Sale” for vehicles 7 years old or newer. For older vehicles, the tax is calculated on the purchase price. Maryland’s minimum excise tax charged is $38.40, based on a minimum value of $640.

sadpandatech
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May 12, 2012, 10:40:15 PM
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To have a legal sale in the US at least a dollar has to change hands. Assuming this was sold just for $1 would there be any issue with the IRS?

Thx

In the states, the issue is usually not with the IRS.  You do not pay income tax when you sell a car for less then you paid for it.  The issue is with the state government and the tax is based on the value.  

From our DMV in Maryland.  
An MVA “Bill of Sale”

    A notarized MVA “Bill of Sale” is needed if the sale price is less than the vehicle’s book value and the vehicle is 7 years old or newer. Please call the MVA’s Customer Service Center at 1-800-950-1MVA (1682) to verify the vehicle’s book value.
    If a notarized “Bill of Sale” is not presented and the purchase price of the vehicle is within $500 of the retail value as shown in the National Publication of Used Car Values, MVA will accept the purchase price as completed on the title.
    An excise tax will be charged on the basis of 6% of the vehicle’s book value or 6% of the purchase price on the notarized “Bill of Sale” for vehicles 7 years old or newer. For older vehicles, the tax is calculated on the purchase price. Maryland’s minimum excise tax charged is $38.40, based on a minimum value of $640.

Read that again, carefully. Namely this portion. ' or 6% of the purchase price on the notarized “Bill of Sale” for vehicles 7 years old or newer '

Basicly you could still sell it for $1 and pay tax on just that dollar but you will need the extra step of getting a notarized bill of sale plus the title. Otherwise just the title will serve as sufficient evidence of sale price.



In the case of this particualr vehicle it would fall under this portion, 'For older vehicles, the tax is calculated on the purchase price. ' Which has a minimum of $38.40 tax for $0 to $640 sale price.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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