3 Benefits Of Registering Your Car Through A Montana LLC
It is absolutely legal to form a limited liability company (LLC) in Montana, purchase your new car through that LLC, receive a Montana car plate, and drive your car in another state. But why should you take this route? Continue reading this article to learn about Montana vehicle registration and the top three advantages of registering your vehicle through a Montana LLC.
1. Avoid Sales Tax
Anyone who has bought a premium car knows that sales tax can be a real pain. One of the most important reasons individuals register their vehicles in Montana is that there is no sales tax. Even if you do not buy a fancy car, but rather a RV, or a motorhome, you won’t have to deal with sales tax in Montana.
What you need to do is work with a Montana registered agent to establish a limited liability company, or LLC, in Montana. Then, simply buy the motorhome, RV, or car on your new LLC. Here is more info on how to register a vehicle in Montana.
2. Lower Licensing Fees
In addition to being sales tax-free, Montana has various other advantages that benefit out-of-state car owners. One of the most dreaded aspects of purchasing a vehicle is the additional licensing and registration fees that must be paid.
Today, being a car owner entails more than just buying a car and driving it around. When purchasing a vehicle, car owners must pay “tag, title, and tax” expenses.
Depending on where you live, these costs can range from $30 to $300; and while this may not be considered exorbitant for some, it quickly becomes another bill you don’t want to pay. However, Montana generously provides car owners with affordable licensing and registration choices.
The state does charge car owners a one-time, flat fee, but only if the vehicle is over 11 years old. Renewal and registration choices for newer vehicles vary, but you can normally anticipate paying a much cheaper amount when compared to other jurisdictions.
3. No Annual Inspections
As previously noted, Montana is not the only state without a sales tax. Montana, on the other hand, is the only state that does not require physical car inspections. In many parts of the United States, car owners routinely have their vehicles examined and tested for general safety concerns. However, it is usually inconvenient, and most drivers dislike inspections.
Standard automotive inspections typically cost between $150 and $250, although this does not include all inspections. There are numerous more elements that contribute to the overall cost of a car inspection.
An examination for a premium vehicle, on the other hand, could cost several hundred dollars or more. When you realize that most states need this on an annual basis, the total soon adds up. Thankfully, this isn’t the case with registering your car through a Montana LLC.
In order to register a car in Montana through an LLC, you will need to visit your local DMV and provide them with a few documents. The exact documents required will depend on the type of car you are registering, but most are a form of identification for each person on the LLC, a copy of the LLC paperwork, and the car’s current registration. Once you have the required documents, the process should only take about 10 minutes. If you want to ease the process, 5 Star Registration can help you with the entire process from start to finish.
