What are the impacts of under-reporting the invoice amount when purchasing a car?

[DelOwen]

First of all, under-reporting the invoice amount when purchasing a car is an act of tax evasion. The disadvantages are as follows: 1. The car purchase amount does not match the actual payment amount (the invoice shows the car purchase amount). If there are vehicle problems, the car seller has the right to compensate for the vehicle according to the invoice amount. 2. The value returned to the car buyer by under-reporting the invoice to avoid taxes does not match the tax paid for the actual invoice amount. 3. In the future, when preparing to resell the car, the purchase invoice is one of the main pricing references. An excessively low invoice price will affect the future price of the vehicle. 4. Other financial problems and after-sales service issues may arise due to under-reporting the invoice.