If you’re going to buy a Ferrari, Lamborghini, or some other exotic vehicle, you can buy the car or truck of your dreams with a Montana LLC and not pay sales tax. The title will come about 2-4 weeks later and we’ll scan a copy of it and mail it to you. All residents must provide the vehicle title, proof of auto insurance, and payment for various fees and taxes; temporary residents must also provide their current out-of-state vehicle registration. What if you could avoid that, and avoid annual car … Montana LLC. Mercedes S550, 84 vehicles worth $190,000 apiece, with total fees of $143,640. Good god, I know Montana has some rich natural resources, but damn: people are clearly milking this tax loophole. Aston Rapide, one vehicle valued at $210,000, with a total fee of $1,890. my super nice 360 challenge that i purchased in 2004 for $225k According to MCA 61-3-311, all Montana vehicles avoid sales tax. You can use that company to buy and hold the RV. You display a license plate type that requires recertification. That is a loophole, folks. Vehicle registration requirements differ in Montana based on whether you're a permanent or temporary resident. Aston DB9, one vehicle valued at $200,000, with a total fee of $1,800. The Missoula County Clerk and Treasurer acts as an agent for the Montana Department of Justice to process vehicle registrations and registration renewals. It seems unlikely that nearly fifty Ferrari 458 Speciale owners live there, right? Always interested in hearing from engineers—email me. Typically, they register in a Montana county that doesn't have a local-option tax. MP: For examples of some of the Montana companies that provide car registration services for exotic cars see here, here and here. That means, if you buy an $800,000 Maserati, Lamborghini, Bentley, Porsche, Bugatti, McLaren, Aston Martin, Mercedes Benz, BMW, Mangusta, or any expensive vehicle, you’ll only be looking at $300 for a Montana LLC and $500 for us to get the plates, registration and title, and $825 for the Luxury Tax. Since Montana LLCs are viewed as residents of Montana, they’re taxed as such. Additional fees and taxes will be due upon registration. A Montana official estimates the same car would cost $213.95 to register in Montana. Even if you don’t get caught by your home state and avoid paying sales or use tax, forming a Montana LLC to own a motorhome can present special problems. Aston Vanquish, five vehicles valued at $290,000 apiece, with total fees of $13,500. Montana vehicle registrations are yearly. I get asked from time to time about the so-called Montana License Plate Scam: Can you safely…. You can always use your Montana LLC to buy a trailer, tow vehicle, airplane, or any kind of asset that can be titled. Rolls Royce Dawn, 18 vehicles valued at $340,000 apiece, with total fees of $55,080. We’ll overnight you your vehicle registration. Always Fight Your Tickets! The process works because, unlike Massachusetts and other states, Montana will register vehicles not garaged within its borders. For more on vehicle licensing please see: Montana vehicle registrations. Our county is Flathead County and does not have a county option tax because our county has more money and less people than most. The real beauty of the Montana LLC for holding exotic or specialty vehicles is if your car or truck is over 11 years old, you can get a permanent plate. The owners of some of the most expensive cars in the world began titling and registering their rides in Montana when they thought they discovered a legal loophole. But that’s not even the best part. They create an LLC in Montana and then buy and register the vehicle in the LLC's name. And if this bill goes through, Montana is set to make out like a bandit. Ferrari 458 Speciale, 49 vehicles valued at $270,000 apiece, with total fees of $119,070. This can save you quite a bit on sales taxes and property taxes. You can then transfer the ownership of the LLC with the Montana Secretary of State for $20 if you ever want to sell the vehicle, and the people you sell the vehicle to have a pre-licensed vehicle. Montana has no sales or use tax and no vehicle inspections. It costs you about $1,000 to have one of the Montana law firms set up your LLC and do the registration and titling paperwork and send you back the Montana license plates. Up until now, many exotic car owners have gotten around sales tax by simply registering their vehicles with law firms that create special Limited Liability Companies. The loophole remains open, but in this way, Montana can at least profit from the practice. When you hire us, we’ll form your Montana LLC and register the vehicle with a Flathead County address. A motor vehicle cannot be titled in Montana without also being registered—the two processes occur simultaneously. McLaren P1, 23 vehicles worth $1.15 million apiece, with total fees of $238,000. Helpful stuff we didn’t want to put in our main menu, Get a Montana LLC and Vehicle Registration Today, Form a Montana Limited Liability Company (A Montana LLC). LLCs or Limited Liability companies can be formed and purchase vehicles in any state. I was working a garage for a car collector here on the east coast and noticed that several of his cars had Montana license plates. After doing a bit of research, he found a loophole that permitted him to register his vehicle in Clay County while living in Mexico. It costs $20 a year and you can file online. Ferrari F12, 49 vehicles valued at $300,000 apiece, with total fees of $132,300. Mercedes S600, four vehicles worth $190,000 apiece, with total fees of $6,840. They even handle the periodic inspections and renewals. Rolls Royce Phantom, 16 vehicles valued at $430,000 apiece, with total fees of $61,920. Montana makes it easy to set up a limited liability corporation or LLC. McLaren 570, 14 vehicles valued at $190,000 apiece, with total fees of $23,940. It didn't take long … Bentley Mulsanne, five vehicles valued at $300,000 apiece with total fees of $13.500. This “Ferrari Tax,” Bozeman Daily Chronicle says, could raise up to $2.5 million in 2018, and even more in subsequent years. How? ... suppose I go down to the DMV with all my montana stuff to title and register my car. The investigation focuses on Ryan Hardwick and Dustin Farthing, who … We will walk into the Montana Flathead County DMV and register your vehicle the same day. We can file it each year for you if you’d like. Here’s the step by step process to purchase a Maserati, Lamborghini, Bentley, Porsche, Bugatti, McLaren, Aston Martin, Mercedes Benz, BMW, Mangusta, or any expensive vehicle without paying sales tax to Montana: ** An $825 luxury tax is charged by the state on vehicles with an original MSRP at or above $150,000. Bugatti Grand Sport Vitesse, one vehicle valued at $2.2 million, with total fees of $19,800. If you would like to start a Montana LLC to hold your valuable car or truck, you can sign up below for immediate service: © All Day $49 Montana Registered Agent, LLC 2000 – 2021. Ferrari 488, 79 vehicles valued at $250,000 apiece, with total fees of $177,750. We establish Montana LLCs for you to own your vehicles for only $300, and we do it in a couple days. Montana, however, has a loophole when it comes to no sales tax on RVs. A Montana vehicle registration is required for all vehicle owners living in the state, except for owners of pickup campers. 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