He will only pay taxes when he brings it back... otherwise no tax. He also has a vat form that makes this a tax free sale in Europe.
Originally Posted by Desertnate
You still pay taxes on it when you return to the states and liscense it don't you?
Here in Illinois you pay taxes based on the ORIGINAL sticker regardless of how long it has been since you purchased the car. Other states I researched only charge you based on a used car and its current market value.
Depending at the state he brings it back to it may cost him sales and import tax at the current value at entry . Never the less its still a few thousand $$$ cheaper to bring back. Just be ready to fork out some money for taxes...
Example Orange Co California 40k @ 7.75% = 3100 + Import tax 600 = 3700 would be asked at the time of registration.
Now Drive safe and dont kill yourself on the Autobahn!
Last edited by firedwg1; 08-23-2005 at 03:44 PM.