Re: EVERYONE PLEASE READ THIS!!! - Posted by Tony-VA
Posted by Tony-VA on March 03, 2002 at 19:44:35:
To some degree I think the Dealer License issue boils down to risk tolerance.
For example, do you speed when driving? We all know that it is wrong and we could be fined, however, to many it is a chance they are willing to take. They do so with the full understanding that they may get away with it, or get fined.
In one post it is mentioned that the poster is married to a lady judge. I would imagine that at times, even she has chosen to speed. Letter of the law says she/we should not, but…
No one here is suggesting that anyone take a risk they are not comfortable with. No one here is suggesting that anyone break a law or ordinance.
I obtained a dealer’s license for my deals based upon several factors. One directly contradicts the post by “T” in which he states that we are essentially robbing our local tax collectors of their just due. On the contrary, I paid more in taxes prior to obtaining the dealer’s license. As a dealer in VA, I no longer had to pay sales tax. As an individual, I could not re-assign a title so I had to pay sales tax and then two weeks later (when the home sold) my buyer again paid sales tax.
It only took a few Lonnie deals for that tax savings to more than outweigh the cost of being a dealer. (Not to mention time saved going back and forth to DMV).