Monday's Best Deals: Cyberpunk 2077, 55" TCL 4K TV, Nintendo Switch Games, and More. 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. So, an industry has sprung up to assist people from other states who want to take advantage of Montana’s laws while living elsewhere. Montana has no vehicle inspection, in which your car is looked over by a safety inspector to make sure it has, you know, seat belts. Chances are THEY are using a tax loophole....like writing off the interest on their mortgage. Lamborghini Huracan, 83 vehicles valued at $200,000 apiece, with total fees of $149,400. We establish Montana LLCs for you to own your vehicles for only $300, and we do it in a couple days. We can file it each year for you if you’d like. LLCs or Limited Liability companies can be formed and purchase vehicles in any state. Ferrari 458, 27 vehicles valued at $240,000 apiece, with total fees of $58,320. Ferrari F12, 49 vehicles valued at $300,000 apiece, with total fees of $132,300. McLaren P1, 23 vehicles worth $1.15 million apiece, with total fees of $238,000. Montana, however, has a loophole when it comes to no sales tax on RVs. Schedule an appointment, renew a license or vehicle registration, & search driver or vehicle information. Aston Rapide, one vehicle valued at $210,000, with a total fee of $1,890. Montana MVD's online services and applications. You control the LLC, but you personally do not own the vehicle. A Montana vehicle registration is required for all vehicle owners living in the state, except for owners of pickup campers. Always interested in hearing from engineers—email me. Montana vehicle registrations are yearly. Audi R8, 14 vehicles valued at $160,000 apiece, with total fees of $20,160. 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. For more on vehicle licensing please see: Montana vehicle registrations. Except, this brings us to reason No. Aston DB9, one vehicle valued at $200,000, with a total fee of $1,800. That’s important because Flathead County does not have an excise tax on titled property. You can use that company to buy and hold the RV. Typically, they register in a Montana county that doesn't have a local-option tax. McLaren 675, 49 vehicles worth $350,000 apiece, with total fees of $154,350. The news site posted this full list (which they received from from the Division of Motor Vehicles via the Office of Budget and Program Planning) of luxury Montana-registered cars worth over $150,000, along with associated proposed annual fees: Forty Porsche 918s? If you establish an LLC in Montana, owners can register their vehicle as a business vehicle in the state, thus avoiding paying sales tax. ... suppose I go down to the DMV with all my montana stuff to title and register my car. ... Motor Vehicle : MVD Use Only; Fees: $12; for light vehicles, trucks and buses weighing less than one ton; $10; for all other vehicles. We’ll overnight you your vehicle registration. Acura NSX, 10 vehicles valued at $180,000 apiece, with total fees of $16,200 charged to all 10 vehicle owners. Mercedes S550, 84 vehicles worth $190,000 apiece, with total fees of $143,640. Title and Registration Bureau . We will walk into the Montana Flathead County DMV and register your vehicle the same day. Your total cost to have us form the MT LLC in one day and register your auto initially is $800 (not including Luxury Tax). It costs $20 a year and you can file online. A motor vehicle cannot be titled in Montana without also being registered—the two processes occur simultaneously. That is a loophole, folks. The title will come about 2-4 weeks later and we’ll scan a copy of it and mail it to you. Processing times may be longer than usual while our staff learn the new system. Bentley, 40 vehicles valued at $220,000 apiece, with total fees of $79,200. There is no specific loophole in MT other than our lack of sales tax, use or property tax in combination with very low registration fees as compared to … Sr. Tech Editor, Jalopnik. With our service, we provide you the office address, registered agent, and act as a liaison with the state to register your car or truck and LLC. We will walk into the Montana Flathead County DMV and register your vehicle the same day. Vehicle Registration Renewal in Montana . Lamborghini Aventador, 55 vehicles valued at $400,000 apiece, with total fees of $198,000. How? We’ll overnight you your vehicle registration. 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. Rolls Royce Dawn, 18 vehicles valued at $340,000 apiece, with total fees of $55,080. Ferrari 458 Speciale, 49 vehicles valued at $270,000 apiece, with total fees of $119,070. That’s just some petty shit. Montana also has very low registration fees, another reason many people register there. MT car registration documents are processed by the Vehicle Services Bureau (VSB), which is overseen by the state Department of Justice (DOJ). This includes the Articles of Organization, operating agreement, state filing fees, and our $49 a year Montana registered agent service. Thanks to Off The Record for sponsoring this episode. For years, many exotic car buyers have been registering their cars in Montana thanks to a loophole in the law that allows them to avoid paying sales tax. 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. If you Google “Montana LLC”, you’ll see a booming business with Montana attorney’s is setting up LLC’s for out of state residents and handling the registration of their expensive vehicles. This can save you quite a bit on sales taxes and property taxes. A Montana LLC is no different than any regular business or corporation. Bugatti Grand Sport Vitesse, one vehicle valued at $2.2 million, with total fees of $19,800. We will provide you the filed LLC papers, operating agreement, and resolutions documenting you, the members, sole authority to make decisions for the LLC. Koenigsegg Agera One 1, one vehicle valued at $2 million, with total fees of $18,000. Pickup campers are an exception—they must be titled, but are not registered. 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). Maintain your Montana LLC with the Secretary of State. Rolls Royce Wraith, 21 vehicles valued at $300,000 apiece, with total fees of $56,700. The process works because, unlike Massachusetts and other states, Montana will register vehicles not garaged within its borders. You are renewing registration of special mobile equipment. It seems unlikely that nearly fifty Ferrari 458 Speciale owners live there, right? 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. Montana LLCs don’t have to buy their vehicles in Montana to not pay the sales tax. The Missoula County Clerk and Treasurer acts as an agent for the Montana Department of Justice to process vehicle registrations and registration renewals. You are renewing registration for a commercial vehicle with a taxable gross weight of 55,000 or more (e.g., trucks, truck tractors, and buses) used on public highways. The title of your Bentley, Ferrari, or vehicle will be under the name of your Montana LLC. What is The Montana LLC Car Registration Loophole? Also, if you have an expensive vehicle, it will be owned in the Montana LLC. Twenty-Three McLaren P1s? 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. The program was created in 2004, and it had helped recover $11.5 million in unpaid registration fees by 2015, according to a report by the California Highway Patrol. 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. Montana makes it easy to set up a limited liability corporation or LLC. Porsche 918, 40 vehicles valued at $850,000 apiece, with total fees of $306,000. Aston DB11, three vehicles valued at $215,000 apiece, with total fees of $5,805. Online Services ***Attention customers*** We recently completed a major system upgrade. You display a license plate type that requires recertification. The car dealer or you will mail us the vehicle title work. For example, many financial institutions won't finance an RV or motorhome titled in an LLC’s name, especially a Montana LLC. Always Fight Your Tickets! 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 practice is not unique to MT. Ferrari 488, 79 vehicles valued at $250,000 apiece, with total fees of $177,750. What if you could avoid that, and avoid annual car … Purchase the vehicle as the Montana LLC, and you’ll have the authority to act for the Montana LLC as the member(s). Montana doesn’t know exactly how many of the cars on this list have been registered by Montana residents, but they suspect the percentage is quite low. The investigation focuses on Ryan Hardwick and Dustin Farthing, who … Ferrari California, 34 vehicles valued at $200,000 apiece, with total fees of $61,200. Additional fees and taxes will be due upon registration. Our county is Flathead County and does not have a county option tax because our county has more money and less people than most. Rolls Royce Ghost, nine vehicles valued at $300,000 apiece, with total fees of $24,300. McLaren 570, 14 vehicles valued at $190,000 apiece, with total fees of $23,940. This “Ferrari Tax,” Bozeman Daily Chronicle says, could raise up to $2.5 million in 2018, and even more in subsequent years. 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