Posted by RBoots on February 12, 2018 at 17:26:44 from (173.241.113.101):
Any of you MI guys recently buy a used vehicle and get a letter saying you owed more tax on it? 2 guys from work both got a letter from the Secretary of State saying they underpaid for their vehicle and owed the tax that was still due on it. I don't know the exact details, but it has the contacts for a state lawyer that will answer your questions about your specific case. In the case of one guy, he bought a 2013 Ford F350 diesel from his uncle, it was a company truck his uncle had. It has 170,000 miles on it and he paid 25,500 for it. He bought it around 4 months ago. Just last week he got the letter stating he owed this much for the extra taxes based on NADA values, I think he said it was like 8-900 bucks. So he called the number on the letter, and the fellow told him he owes the state whatever the certain amount was because he paid 25,500 for the truck when the NADA value is 36,000 with 50,000 miles. He told the guy that the truck clearly had 170,000 miles written on the title and the guy said that would adjust it a little, but that they base their mileage amounts on 10,000 miles per year X the age of the vehicle. The guy said it does not matter what you pay for the vehicle, it will be based on the NADA price for that vehicle in good or excellent condition and the mileage calculator they use. He was also told that the tax adjustment does not apply if the vehicle was purchased between siblings or a parent and child. The other guy guy at work had bought a 2005 Ford F150 for around 2,500, it was VERY rusty and beat up, with 250,000 miles, a winter beater essentially. This guy got the same letter saying it was worth X amount based on NADA,and he owed extra taxes on it. This all happened with him probably 6 months ago. He took it to a body shop for a written estimate to fix all of the body issues, rust, dents, etc, and got a 7,000 or so quite. He sent that quote to the contact on the letter, and said he hadn't heard anything back. He did sell the vehicle a month ago, so wonder how that's gonna work out? The other guy with the newer Ford said he's gonna try to do the same thing to fix scratches and stone pecks, try to get it's value down by having a body shop quote. He said you can pay the extra tax at the right at the Secretary of State, or send it in. Sounds ridiculous to me, a vehicle is only worth what someone wants to pay for it. Not too long ago there was an auction an hour or so away that had a 2000 Ford F250 Super Duty 4wd, ext cab short box, with a 7.3 diesel and 50,000 miles. It was immaculate, and brought 28,000 dollars. At least whoever bought that probably won't get a letter stating he owes more taxes on it.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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