How to title a hot rod
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m (→West Virginia: tidy up a little) |
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===West Virginia=== | ===West Virginia=== | ||
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In West Virginia, registering your custom-built car can be the same as registering any other vehicle, or it can be a much more tedious process―it all depends on where the car was built. | In West Virginia, registering your custom-built car can be the same as registering any other vehicle, or it can be a much more tedious process―it all depends on where the car was built. | ||
Built out of State | Built out of State | ||
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Whether you purchased your vehicle from a dealership or individual, the fees will be the same: | 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. | New residents must title and register their vehicles within 30 days of establishing West Virginia residency. | ||
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