Forming a Montana LLC to own vehicles or any kind of personal property is nothing different than the local handyman pulling up to your home in a work vehicle owned by “Handyman’s Service LLC” and pulling a trailer with tools in it that are all owned by the Handyman’s LLC. Your Montana LLC will be registered at our address, and your vehicle will be registered to our address. 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 … Typically, they register in a Montana county that doesn't have a local-option tax. Cars: Jeep J10 ('85), Jeep Cherokee ('79, '91, '92, '00), Jeep Grand Cherokee 5spd ('94), Chrysler Voyager Diesel ('94). Vehicle Registration Renewal in Montana . Bentley, 40 vehicles valued at $220,000 apiece, with total fees of $79,200. Schedule an appointment, renew a license or vehicle registration, & search driver or vehicle information. McLaren P1, 23 vehicles worth $1.15 million apiece, with total fees of $238,000. Eighty-Three Huracans? MT car registration documents are processed by the Vehicle Services Bureau (VSB), which is overseen by the state Department of Justice (DOJ). The loophole remains open, but in this way, Montana can at least profit from the practice. McLaren 675, 49 vehicles worth $350,000 apiece, with total fees of $154,350. That’s just some petty shit. This can save you quite a bit on sales taxes and property taxes. Good god, I know Montana has some rich natural resources, but damn: people are clearly milking this tax loophole. The title of your Bentley, Ferrari, or vehicle will be under the name of your Montana LLC. For example, many financial institutions won't finance an RV or motorhome titled in an LLC’s name, especially a Montana LLC. The fuck is wrong with people that can afford a $250,000 car but won’t pay the taxes on it. 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. Mercedes S600, four vehicles worth $190,000 apiece, with total fees of $6,840. Our county is Flathead County and does not have a county option tax because our county has more money and less people than most. What if you could avoid that, and avoid annual car … You can always use your Montana LLC to buy a trailer, tow vehicle, airplane, or any kind of asset that can be titled. Pagani Huayra, four vehicles valued at $2.5 million apiece, with total fees of $90,000. Four Pagani Huayras? 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. The investigation focuses on Ryan Hardwick and Dustin Farthing, who … 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 car dealer or you will mail us the vehicle title work. Twenty-Three McLaren P1s? That is a loophole, folks. It costs $20 a year and you can file online. Except, this brings us to reason No. Sr. Tech Editor, Jalopnik. Now, according to local news site Bozeman Daily Chronicle, that may all come to an end with the “Ferrari Tax.” Here’s a look at the cars that will be affected, as well as the tax they’d have to pay if this bill goes through. Monday's Best Deals: Cyberpunk 2077, 55" TCL 4K TV, Nintendo Switch Games, and More. Online Services ***Attention customers*** We recently completed a major system upgrade. We will walk into the Montana Flathead County DMV and register your vehicle the same day. You are a non-resident working in Montana. For more on vehicle licensing please see: Montana vehicle registrations. Also, if you have an expensive vehicle, it will be owned in the Montana LLC. Mercedes S550, 84 vehicles worth $190,000 apiece, with total fees of $143,640. Koenigsegg Agera One 1, one vehicle valued at $2 million, with total fees of $18,000. Additionally, Montana vehicles are not subject to personal property tax, because in Montana the licensing fees are in lieu of personal property tax. A Montana LLC vehicle registration is an option some out-of-state residents choose in order to purchase a vehicle without having to pay sales tax on it. Montana MVD's online services and applications. If you establish an LLC in Montana, owners can register their vehicle as a business vehicle in the state, thus avoiding paying sales tax. When you hire us, we’ll form your Montana LLC and register the vehicle with a Flathead County address. The title will come about 2-4 weeks later and we’ll scan a copy of it and mail it to you. Title and Registration Bureau . It seems unlikely that nearly fifty Ferrari 458 Speciale owners live there, right? Audi R8, 14 vehicles valued at $160,000 apiece, with total fees of $20,160. Ferrari Laferrari, 14 vehicles valued at $1.5 million apiece, with total fees of $189,000. They even handle the periodic inspections and renewals. MP: For examples of some of the Montana companies that provide car registration services for exotic cars see here, here and here. How the Montana LLC Exotic Vehicle Registration Works: What we do is help you form a Montana LLC and maintain it, making the Montana LLC a resident of Montana, not you personally. Montana LLC. 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. 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. The car dealer or you will mail us the vehicle title work. 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. In Montana, you need to renew your vehicle registration with the MT Motor Vehicle Division (MVD). Ferrari FF, nine vehicles valued at $300,000 apiece, with total fees of $24,300. The practice is not unique to MT. Rolls Royce Wraith, 21 vehicles valued at $300,000 apiece, with total fees of $56,700. They create an LLC in Montana and then buy and register the vehicle in the LLC's name. Vehicle registration requirements differ in Montana based on whether you're a permanent or temporary resident. 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). A Montana vehicle registration is required for all vehicle owners living in the state, except for owners of pickup campers. 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. We establish Montana LLCs for you to own your vehicles for only $300, and we do it in a couple days. 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. 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. We’ll overnight you your vehicle registration. 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. You can use that company to buy and hold the RV. my super nice 360 challenge that i purchased in 2004 for $225k Then you’ll pay yearly about $90-$220 to the Flathead DMV, $20 to the State of Montana for the LLC, and $49 a year for us to be your registered agent and for you to use our address. What is The Montana LLC Car Registration Loophole? We can file it each year for you if you’d like. It didn't take long … You display a license plate type that requires recertification. We are tasked with processing these transactions and insuring the genuineness and regularity of each transaction. 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. You control the LLC, but you personally do not own the vehicle. Maintain your Montana LLC with the Secretary of State. Bugatti Grand Sport Vitesse, one vehicle valued at $2.2 million, with total fees of $19,800. Ferrari California, 34 vehicles valued at $200,000 apiece, with total fees of $61,200. We will provide you the filed LLC papers, operating agreement, and resolutions documenting you, the members, sole authority to make decisions for the LLC. 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. Always interested in hearing from engineers—email me. 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. Now, as a part of House Bill 650, owners of exotic cars valued at over $150,000 may soon have to pay a one percent annual tax. McLaren 650, 31 vehicles worth $350,000 apiece, with total fees of $97,650. Lamborghini Aventador, 55 vehicles valued at $400,000 apiece, with total fees of $198,000. Acura NSX, 10 vehicles valued at $180,000 apiece, with total fees of $16,200 charged to all 10 vehicle owners. Bentley Mulsanne, five vehicles valued at $300,000 apiece with total fees of $13.500. The Missoula County Clerk and Treasurer acts as an agent for the Montana Department of Justice to process vehicle registrations and registration renewals. Processing times may be longer than usual while our staff learn the new system. Purchase the vehicle as the Montana LLC, and you’ll have the authority to act for the Montana LLC as the member(s). We’ll overnight you your vehicle registration. Then SOS Linda McCulloch stops by our office to say “Hi” in 2016. Since Montana LLCs are viewed as residents of Montana, they’re taxed as such. A Montana official estimates the same car would cost $213.95 to register in Montana. We will walk into the Montana Flathead County DMV and register your vehicle the same day. I get asked from time to time about the so-called Montana License Plate Scam: Can you safely…. This includes the Articles of Organization, operating agreement, state filing fees, and our $49 a year Montana registered agent service. 2 why so many exotic cars have Montana license plates: You don’t actually have to go to Montana. Ferrari 458, 27 vehicles valued at $240,000 apiece, with total fees of $58,320. McLaren 570, 14 vehicles valued at $190,000 apiece, with total fees of $23,940. 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