Do you have to pay taxes when trading vehicles with someone?

Question

I am looking to trade my motorcycle for a car. I was wondering if I do this will I have to pay any kind of taxes or any other costs when I get it titled and registered in my name?

Answer 1

Yes, when you get the title in your name they are going to tax you and you have to get the title before you can register it. The only way I know to avoid taxes is if the car was a gift. In Ohio, I gave my daughter my old car and she didn't have to pay any taxes.