911Monte

Rhode Island and Massachusetts have excise property tax on autos that can run into the thousands per year on cars like this. I assumed because the property (car) resides in the state, despite it being registered to another state, you could still be legally liable for the taxes and they could come after you for it plus interest and penalties. Hopefully someone with expertise can chime in.

991 GT3

It's a good idea to keep the articles of your LLC in car to validate your registration.

The New 911

Or you could go Obi-Wan Kenobi and say "At these prices, these are not the Allocations you are looking for... Move along"

Let some Schmuck pay those prices. At this rate I would never pay almost 84% over the base price of this car to own what will eventually be an depreciating asset!

We don't know where RS production will be six months or a year down the road or longer. Let some hedge fund manager waste his money on this. This time next year they could be going for just MSRP or so. Same thing happened on the rush to buy the 997.2RS, just not as expansive. An issue at hand for these prices is the stop sale which is over but it still lays it's burden on prices and valuations over MSRP at the dealerships.

fastmd

What state do you reside, as I am seriously considering this? I keep hearing people say they do this, but don't know anyone personally. I have several LLCs but not in tax advantaged states. I have a complicated tax structure and pay out the a$$.

MS7044

In a no income tax state I don't mind some sales tax and annual registration costs as my state I at least feel doesn't totally **** away its tax money (but wastes plenty Im sure) unlike CA or our great federal government, though I admire anyone minimizing tax. That said does a Montana LLC allow one to get a DL issued in Montana? In my experience of bringing some cars from Texas to Nevada and keeping Texas registration the DL mismatch is what caused me a problem with LE. And on the spot in a nice car LE, as we all know can be unforgiving and trying to debate them or God forbid a DMV employee or state revenue agent can be arduous. I have seen some hyper cars in Vegas with Montana tags and they certainly are not true Montana residents. All that said after paying first time registration on a 3800 cc car in Asia the US taxes are peanuts literally regardless of state.

Matt-R20

California has a hotline to report this type of thing, so if a neighbor gets pissed and rats you out you pay the tax 3X as a penalty. Lots of folks do this w RVs. The state looks at how much time the car was in the state vs where its registered, so if you can't prove that you were in Montana for X amount of time with receipts etc, its a challenge. Also for guys who don't drive their cars much, if the miles are less than the distance from your state to Montana you have issues.

Not sure its worth the risk.

ssort

And in some states they use satellite photo's to see if you have an RV or boat outside on your property. Then they X reference that with the vehicles registered at that address. if their are none then they dig more...............

rave426

Its really gonna blow when the 991.2 RS comes out and all the .1 RS cars come back down from heaven. If you want to make money on your RS, sell it now...these crazy mark ups wont last.

If 150k for the RS...imagine how much the 911 R is gonna command. smh

meaker

Sorry for not reaching this but was the 997.1 RS marked up like this when they came out? I don't recall but I was a turbo guy then.

RDH

states are cracking down on this....money you save on taxes keep in a box for your defense fund .....your neighbors & people in the area will report you....everyone knows what you are doing ....

The New 911

I registered my car in Nevada for two years after moving back to California when I was poor and younger. Bought the car brand new in Reno, an Impreza, and didn't have to pay state tax. Then I came back to California to work and had to re up my registration. The state wanted something over $1700 for excise tax because Nevada didn't charge for it.

At that time I had just bought my first home and there was no way I could afford pay that amount on registration. So me and the misses drove back to Reno and paid something around $300 or lower. Did the same thing the next year. Then finally bought a new car in California using the Impreza as a trade. My issue was way more financial hardship than one of trying to save a ton of money on fee's in one's home state.

911dev

Yes. Some changed hands well over $200k; about $75k over iircc. Not bad considering this was 7-8 years ago. That said, part of the hype was due to the rumor that this was the only RS to hit our shores. On a different topic, not nearly as much performance separation between the .1 GT3 and RS as with the .2s or 991s.

Archimedes

Sorry, this is not legal in the State of California if you are a legal resident of the State and drive the vehicle regularly on roads in the State. If you are both of those, the vehicle needs to be registered in the State. You may be able to get away with it, but it's not legal.

Archimedes

Yup. Sometimes they even audit the storage places. I had a boat stored in my county. Wasn't even aware that the county had a property tax of boats. They tracked the boat to me through the storage location and billed me for the tax and penalties.

C.J. Ichiban

I register my cars through my dealership or through my texas address. texas has started requesting a visual inspection in texas and smog in texas as part of the registration. It is cheaper to ship my CGT to the dealer for smog than to register it in CA so I do that.