|
RV Tip #6
No Tax Financing – How One
Couple Saved $18,500 in Sales Taxes and Registration
Fees!
For some Americans, there’s nothing
better than life on the open road. Many individuals—from
retirees to couples tired of corporate life to recent
college graduates—love to spend their days tooling
around the country in their recreational vehicle. Yet,
purchasing an RV can be quite an expense (even
buying a used RV can be
quite pricey)—and, on top of that, you have to pay out
significant money in sales taxes.
Montana Advantages - In order to avoid the extra expense
often associated with RV ownership, a number of campers
have been flocking to Montana, where RV buyers can save
thousands of dollars in taxes and registration fees by
setting up a limited liability corporation (LLC). For
instance, one Nevada couple managed to save a whopping
$15,000 in Nevada sales taxes and $3,500 in registration
fees just by setting up a corporation in Montana.
A Growing Trend - Such a technique appears to be a
growing trend. In fact, it seems to be the leading topic
of conversation at
campground RV parks around
the nation. Even individuals from foreign nations have
been coming to Montana to take advantage of the deal. As
a result, Missoula County now ranks fifth nationally in
the number of RV registrations.
The Legal Experts - Yet, RV buyers should be aware of
the fact that not all states look kindly on the Montana
system. The state of Washington, for instance, thinks
that RVers who migrate to Montana are simply engaging in
tax evasion, avoiding paying taxes in their home states.
However, Montana legal experts insist that there is no
scam involved. They note that, for years, Americans have
attempted to legally limit their tax burden on major
purchases. And they say that the system is entirely
legal—that it simply reflects a policy choice made by
the people of Montana.
The RV business is indeed booming in the state. One
leading motor coach dealer says as much as a third of
his business comes from out of state. Apparently, the
word is out—Montana is a phenomenal place to purchase
your RV.
If you’ve been seriously considering buying an RV,
traveling to Montana to make the purchase could save you
a great deal of money. Consult your accountant or tax
attorney to determine if such a purchase could work for
you. The money you save could easily be invested in your
next vacation!
Article by Adam O’Connor,
Bad Credit RV Loans
|
