Does the Amount on the Second-hand Car Transfer Invoice Have Any Impact?

[SanCollin]

Generally, whether the amount on the second-hand car transfer invoice is high or low does not affect the vehicle. Additional information is as follows: 1. Invoice Amount: The invoice amount represents the transaction price of the vehicle, as long as it does not exceed the market price. Whether it is high or low usually does not affect the vehicle because second-hand cars are not subject to taxes. Moreover, if the vehicle is resold, the primary consideration will be the condition of the car, not the invoice amount. 2. The Role of the Second-hand Car Transaction Invoice: The vehicle purchase invoice is one of the valid documents proving the original purchase of the vehicle. For new cars, the original invoice is required, while for second-hand cars, the previous transfer invoice is sufficient. If the invoice is lost, the owner can sign a commitment letter at the second-hand car market window and take a photo for record, which allows the transfer to proceed smoothly, usually at no cost.

[VonFelicity]

As a used car buyer, I've always paid attention to the impact of the transfer invoice amount since it directly affects tax expenses. Filling in a lower amount can reduce transfer taxes, but it carries significant risks: insurance companies often determine the vehicle's value based on the invoice amount, which could result in very low claim payouts in case of an accident; tax authorities might also suspect tax evasion, leading to audits and additional complications. On the other hand, filling in a higher amount means paying more in taxes, which feels like a loss. I recommend filling in the actual transaction price—it avoids disputes and ensures fairness. Additionally, when the car is resold in the future, buyers will assess the invoice amount to evaluate the authenticity of past transactions, so don't cut corners for small savings. In short, strike a balance by filling in a reasonable market price—it may mean slightly higher taxes, but it offers much greater peace of mind.

[LilyAnn]

When selling a car, I pay close attention to the transfer invoice amount because experience tells me it directly affects the smoothness of the transaction. A low amount can help the buyer save on taxes, but if it's too low, the buyer may doubt the authenticity of the deal. A high amount, on the other hand, increases the buyer's burden and can easily lead to disputes. During the transfer process, the DMV relies on this invoice to collect taxes, and unreasonable discrepancies may delay procedures or even result in fines. I believe the most reasonable approach is for both parties to agree on and fill in the actual transaction price. This not only protects oneself from suspicion of tax evasion but also helps avoid future disputes when selling the car. Remember, transparent transactions are always the best policy.

[JosephineLynn]

I've seen many tax cases where the amount directly affects tax differences. Lower amounts might save taxes, but the tax bureau will investigate, suspecting tax evasion, leading to heavier fines; higher amounts mean paying more taxes. It's advisable to fill out the invoices truthfully to avoid future troubles.