Are private party as well as dealer transactions taxes applicable to snowmobiles?
If so, what are the percentages or flat fees applicable? Yes, even though snowmobiles are not required to be titled, both private and dealer transactions are required to be taxed. The taxes applicable for each transaction is 5%. 2) Can the finance company collect and pay all applicable taxes for a snowmobile? Yes, the finance company can collect and pay all applicable taxes for both private and dealer transactions. For the customer’s convenience, the taxes can be included into the amount financed. TRAILER 1) Does the finance company or does the customer do the titling and registration? According to Indiana’s Privacy Act, the customer must do their own titling and registration. The finance company can however provide you with the necessary paperwork to forward to the Indiana Department of Motor Vehicles. 2) Does the customer or the lien holder hold the title? In Indiana the lien holder is sent the title, however after satisfying the loan, the title will be mailed to the customer. 3) Doe
