Successful registration means that the state has identified you as the owner of the vehicle. Luckily, even if youre a non-resident, you can form a Montana LLC and purchase the vehicle under the LLC to gain the same privilege. This is a phone call I get too often . If the prime movers for Montana license plates on cars that dont live in Montana are exotic cars, then its got to be for the super-rich, right? Submit payment for the applicable fee: Duplicate decal: $1. The bond expiration date is located on the face of the Montana title. Where 10 years agothe sight of a Ford GT sporting a blue Montana plate would be rare, adriveto the popular Friday morning car gatherings at Newcombs Ranch outsideLA reveals that even relativelypedestrian 911s carryMontana plates. Moreover, you cannot sell the vehicle in California unless you have a passing smog check. News, Reviews, Photos, Videos delivered straight to your in-box. While it's legal to purchase pricey vehicles and avoid paying sales tax in Montana, other states frown upon the practice when their residents set up LLCs out of state for the sole purpose of avoiding these taxes. This is something that we can all do even if were not buying Ferraris. No credit is given for taxes or fees paid. Thats weird. But after seeing more of them, I said, I know whats going on here. In recent years, Montana has made a name as a hub for exotic cars, although very few of them reside there. Once your vehicle is 11 years old, you can file for permanent registration. In certain circles, Montana registration is a touchy subject. Subscribe to US Legal Forms to download, print, and complete legal templates without bounds. And as a bonus, you evade smog[regulations].. Permanent registration Owners may choose to permanently register motor homes that are 11 years old or older. So, I'd appreciate advice on which makes the most sense for us from a legal standpoint. You may also receive a registration sticker on the spot. You have to get a registered agent to handle business matters in state, a FEIN, a bank account for the business, pay the state a yearly fee to keep the business registered and all the other State and Federal responsibilities that come with an LLC. Any erasures or deletions on the title void the document. These include passenger cars, sports cars, SUVs, pickups (one tonne or less), and vans. MDT does handle The first two refer to the duration before which the registration needs to be renewed. The LLC registers and plates the vehicle in Montana. First, youll need to pay a vehicle registration fee. Are you sure about purchasing in Montana to avoid sales tax? Individuals employed in Montana can be considered temporary residents, and they are required to register their vehicle with the state. All rights reserved. If the insurance company finds out what you are up to, they can deny your claim because you have a Montana-registered vehicle while driving 100% in California. $5 insurance verification fee if existing plates are kept on the vehicle. The1987 Porsche 911that sold on Bring a Trailer on July 26 was a coupe so dreamy that latefounder Ferdinand Porsche would be sorry to have missed it. And it has attractedplenty ofdetractors. The reasons why Montana vehicle registrations are so popular expand to businesspeople. South Dakota - Also read a lot about this. At that time, the customer needs to renew their vehicle registration and update their address with their new county treasurers office. To apply for a duplicate Montana registration decal or license plate, visit your local MT county treasurers office in person and: Provide your MT license plate number (or show your vehicle title). Gotta pay for it somehow.. 3 min read. Military Employees: Non-resident military personnel stationed in Montana may register their vehicles in their home jurisdictions or in Montana, unless they are gainfully employed in Montana outside of their military duties. As I have noted in the past, the solution is to get the law changed. And if your tax rate is around ten percent, that tax bill will punch through $38,000. If youre not a resident, you can still enjoy this option by forming an LLC and purchasing your vehicle under the LLCs name. You can check your desired name with Montana Business Database to avoid repetitions. This is perfectly legal. Send us the title work for your car or pickup (or have Why Is Everyone Registering Their Cars in Montana? The California Highway Patrol, for example, uses a special website that people can use to report vehicles with Montana plates or other plates that are out of state. Your agent might be able to speed this process up at some extra cost. Food for thought. It's a strategy that you can agree with or not.. Montana has no sales tax. Submit your completed vehicle registration packet. In most cases, its easier to set up your LLC before purchasing your desired vehicle. Of course we'll pay some ridiculous price for insurancebut we'll still save money in the end compared to renting. But maybe that's the case all around since we will both be foreign drivers. Mail the form to the secured party, asking that your out-of-state title be released to your county treasurers office. These two fees are an absolute bargain compared to paying sales tax on these vehicles in other states. No compulsory annual safety inspections. Make sure to list your LLC as the owner. Catch more great investing & business tips on our YouTube channel, Build your customized strategy with a complimentary Strategy Session today, How to Start a Business Entity in Pennsylvania, How to Start Stock Investing Through Infinity Investing Part 3. Should the owner wish to have a new title issued without the security interest showing, the owner must send the original title and $10.30 (U.S. funds only) to the Vehicle Services Bureau. MVD Headquarters, Driver Services Bureau, Vehicle Services Bureau (formerly Title & Registration Bureau), and Operations & Customer Support. Copyright 2023 Anderson Advisors. And an insurance adjuster, scrutinizing your claim might wonder what false statements you made on your insurance application. Check out our Montana Vehicle Registration Service to see how our team can do the hard work for you, or read the articles below to learn more about the process. This is because Montana considers local LLCs as residents. If you purchase a vehicle from someone and no record of the title can be found, you may apply for a bonded title in accordance with 61-3-208, MCA. People from states usually have staggering sales taxes and oppressive inspection requirements to contend with just to get on the road. Under 61-3-321, MCA registration fees are in addition to the county option tax levied on light vehicles and the fees levied in lieu of taxes on other vehicles. Can anyone legally register their car in Montana? The fine people of Montana drive and register all kinds of vehicles, all of which are sales tax-free to register. In a recent article, I quoted a new fifth-wheel trailer at around $109,000 MSRP.. But I am the first to point out that 1.) I don't like the waiting time either as it's wasting time for us. Thats correct; no nagging smog checks. If you need a new title with your name printed in it, it will most likely show up by mail within two to three weeks. Starting a Montana LLC is quite inexpensive. Once it fails, you have to fix it to pass emissions testing, which is not cheap. Registration Fees. It really is that simple. The people who have Montana license plates are like the people who put the fake handicap badges in their car, says Paul Zuckerman, an attorney in Los Angeles and avid car collector. Unlike the first two, this registration does not need to be renewed as long as the ownership remains the same. Cost was somewhere between 100-150 iirc, and you have to pay yearly. The initial filing fees are around $70, and annual maintenance costs are around $20. Motor vehicles registered in the State of South Dakota are subject to the 4% motor vehicle excise tax. Once youve created an LLC, youll need to obtain the certificate of origin from the car manufacturer or the title from the private dealer. Here youll need to include relevant information such as the LLCs name, duration, mailing address, information of the registered agent and members/managers, the structure of management, and lastly, the signature and title of the person filing the Articles. And your RV, motorcycle, UTV, ATV, and more. However, there is no legitimate law that states out-of-state car registration is an illegal practice. When the county treasurers office receives the secured partys request and the out-of-state title, the new Montana title can be sent to the out-of-state secured party. If you form an LLC, youll need to do so by an agent registered with the state of Montana (or whichever state youre forming the LLC in). And youre sort of poking the bear there with your local state government, as well as the IRS. Thanks for subscribing. Your bill of sale, title applications, and anything else regarding the title work has to be original, although it's OK if your LLC paperwork is a copy. With the help of some light mathematics, that means Americans are paying over $2,000 in sales tax for a used car priced at $33,341. Montana LLC - I've read a lot about it so far and it seems straight forward. If they are gainfully employed outside those duties, they must title and register their vehicles in Montana. This website may supply general information about the law but it is for informational purposes only. The LLC registers and plates the vehicle in Montana. Dont buy a motor home, luxury car, boat or plane! Several people I know of use South Dakota. Well walk you through how this isnt necessarily a deal breaker, even if your vehicle is financed. All rights reserved. Those days were the best. Mail the completed form and a $10.30 fee for all motor vehicles, including boats and trailers, to the, Proof of ownership, for example, notarized bill-of-sale, cancelled check, purchase invoice, Include the circumstances through which you acquired ownership, This value is determined through the National Appraisal Guide (NADA) as of January 1 for the year in which you are applying, If the vehicle value is determined to be over $500, obtain a bond equal to the determined value through an insurance company, A copy of the NADA guide showing the vehicle value is required, If the vehicle value is determined to be $500 or less, no bond is required, If a NADA guide is not available for the vehicle, complete Statement of Fact. If someone previously registered a vehicle in another state, the Montana DMV will require him or her to show a proof of sales tax payment. Yes, submit to your county treasurers office. Theres no longer a need to spend money on attorneys to create your legal papers. Montana Uniform Laws. Montana Llc Company For Cars. All registration takes place at your local county treasurers office. They said that lots of expensive cars have Montana plates, and its all part of a tax scheme. Snowmobiles that are used exclusively as rentals may be registered annually for the first two years, after which they must be permanently registered. Required Decals To comply with both state and federal laws, Montana boaters need to display: If your boat, sailboat or personal watercraft is already permanently registered, contact your local Montana Fish, Wildlife & Parks office for information on how to get the required validation decals, or go online to FWPs Register Boats page. I thought sales tax was based on where the vehicle gets registered. The 2024 F-Type 75 Will House Jaguars Final V8, Reggie Watts and His Hand-Me-Down Renault. It's a great way to save money or travel the world. Ultimately, Mr. Thomas was victorious. Car owners from Mendocino, Calif., to Miami aretitling collectible cars in Montana, evenespecially, in factif they dont live there. The bureau then issues a clear title. If youre going to use this strategy of buying your vehicle in Montana but Imagine youve bought a 2022 Corvette Stingray for $70,000 in Florida, where the sales tax rate is 6%. This post is part of our Out of State Series explaining the benefits of using our Montana LLC Program to register your vehicles out-of-state. But car and RV dealers objectedstrongly. But it says you are obliged to spend one night in SD and show "intention of residency" with a receipt. To apply for a duplicate Montana registration decal or license plate, visit your local MT county treasurers office in person and: Provide your MT license plate number (or show your vehicle The court has requested the legislatures attention to this law. Anybody else doing vanlife with cats? You will need to register your car with Montana Motor Vehicle Division (Vehicle Registration Bureau). You may have to BUY your RV in Montana, to make it easier. Your vehicles registration certificate is absolutely essential. Montana has long been a bastion of tax freedom for many years, so it was one of the original havens for supercars. Out-of-state Montana car registration has never been easier, and as the price of new and used cars continues to skyrocket, it makes sense for all consumers to consider it. How to title a Motor Vehicle | Replacement Title | Bonded Title | Correction to a Title | Add a Security Interest | Remove a Security Interest | Check for a Security Interest. Montana offers two significant benefits. Multiple transactions need to be received by 4:00 p.m. Any transaction not completed by 4:30 can be placed in regular workflow or brought back the next day. A founding partner of Anderson Business Advisors, Toby helped Anderson grow its practice from one of business and estate planning to a thriving tax practice and registered agent service with tens of thousands of clients nationwide. For more information, see the License Plates page. The circumstances through which ownership was acquired including proof of ownership. He wrote The Lemon Law Bible and Chryslers Turbine Car: The Rise and Fall of Detroits Coolest Creation. You can be fined up to $500. The last rates update has been made on july 2021. Im not entirely sure if you need a SD address or not to get registered. General Registration Fees| Boats, Personal Watercraft and Motorized Pontoons | Commercial & Heavy Vehicles | Light Vehicles (cars, vans, pickups & SUVs) | Light VehiclePermanent Registration |Motor Homes | Motorcycles & Quadricycles | Snowmobiles | Special Mobile Vehicles | Trailers | Travel Trailers |Registration Reinstatement| Mobile Home Transport | Reference Guides & Online Services. Non-residents may choose to register by the calendar quarter. Theres no guarantee that therelative leeway car enthusiastshave regarding Montana titles will last. For example, the plates on a truck or truck tractor first registered in Montana on April 15, 2006, will expire on March 30, 2007, with the renewal grace period extending until April 30, 2007. You can save a bundle of cash and ditch those smog checks, inspections, and possibly renewals. Home blog Shows Coffee with Carl Should I Register My Vehicle in Montana? 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