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Old 03-01-2015, 10:27 AM
 
Location: Arizona
6,131 posts, read 7,985,515 times
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I'm buying a used RV and I have a couple of questions about title and registration that I don't find complete answers to on the MVD website.

Hopefully someone with experience can help.

I'm buying the RV from a private party. Is it true that there is no sales tax in this type of transaction? When I lived in NJ if you bought a vehicle from a private owner they would require you to pay the appropriate sales tax when you change the title.

The seller had a loan that has been paid off. The title is from Iowa. The lien release section on the front of the title has been completed. Will MVD accept this or will I need additional documentation from the lender?

Thanks for any advice.
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Old 03-01-2015, 02:00 PM
 
Location: Verde Valley, Az
455 posts, read 1,499,097 times
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No tax on private transactions. Last time I had to do a lien release, I had a letter from the bank stating the lien requirements had been met and the lien was no longer in effect.
Curly

Last edited by curly5759; 03-01-2015 at 02:00 PM.. Reason: more info
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