Editing How to title a hot rod (section)
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====Registering for the first time==== If you're registering your vehicle in West Virginia for the first time, your registration process will depend on whether you purchased your vehicle from a dealership or an individual. If you purchased your vehicle from a dealership, the dealer will handle all paperwork for you and you'll be charged the applicable fees right there. If you purchased your vehicle from an individual, you'll need to take care of the registration at your local Division of Motor Vehicles (DMV) office. Whether you purchased your vehicle from a dealership or individual, the fees will be the same: * Privilege tax of 5% of the purchase price if you paid at least half of the vehicle's book value; if not, you will pay 5% of the low book value. * If you purchased the vehicle for less than 50% of the loan value as reported by "The Automobile Red Book," the tax will be based on the loan value unless you present a notarized bill of sale. * If you are moving to West Virginia from out of state, the tax will be based on the loan value of the vehicle as reported by "The Automobile Red Book." * $5 to record any lien information. * $30 for your license plate. * $10 for your title (which can be handled at the same time you handle your registration). New residents must title and register their vehicles within 30 days of establishing West Virginia residency. Source: www.dmv.org/wv-west-virginia/custom-built-cars.php
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