Legality aside, wanted to get some opinions. Not sure if I’m in the wrong here.
I had a buyer interested in a Jeep I’m selling. He came to look at it yesterday, told me he’s buying it when the bank opens the next day. We agreed on $12.5k and he called this morning with the cash ready to come pick it up. Before he came though, he asked if I would agree to putting a lesser sales price on the pink slip to save him in taxes. I jokingly, but willingly said, “I remember us agreeing on $10k, right?”
He got a little awkward and was like, “well I was hoping you’d be more willing to put something like $3.5k”.
I told him that I wasn’t comfortable putting something that low because this was my first time selling a car and I’m scared of raising any red flags, knowing my luck. He goes on telling me that he sells cars all the time and he always does this.
This went on for a few minutes going back and forth, and I did compromise with being willing to go to $7k. I felt that it was a more reasonable sale price to mark down. He still wanted lower so I was like, “look, how about I check the KBB range and I’ll put whatever the lower end of that range is”.
It ended up being $8k.
Finally he just said that we’re scraping the bottom of the barrel now and that he’s no longer interested.
I apologized for how things worked out and reiterated that I was just uncomfortable with going that low.
I know realistically that the DMV has no way of knowing and the chances of something happening to me are very low. But I know my life and I know I would be the one person in the entire state who gets fucked by doing it.
It seems like this is pretty common though. Was I being a bad seller?
Sales tax on a used car should be illegal. The entire sale price of the car has already been taxed.