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A legal loophole everyone should know about: If you wreck your car, this knowledge can save you thousands of dollars
American Thinker ^ | 04/02/2024 | Dawn Merrill

Posted on 04/02/2024 9:29:17 AM PDT by SeekAndFind

It was dark. It was early — 6:20 A.M., in fact. Seventy miles per hour — a bit over the speed limit, yes, but nothing unusual for a rural highway at that time of day. Or an interstate at any time of day, for that matter.

And there she was, suddenly in the headlights, just...standing there. It all happened so very, very fast. I swerved, desperately attempting to miss her. I failed. I hit her at an angle, but still in the head and chest. At least I can rest easy knowing that she didn’t suffer.

That doe died instantly, thankfully. My car, on the other hand, lasted a little bit longer. It was still running! I could hear parts of my car falling off, but still it ran. I took my exit and decided, in my adrenaline-fueled shock, to stop as usual for coffee. It was, in fact, a very good decision.

My car now making horrible noises and beginning to belch smoke from under the hood, nevertheless, I pulled into the take-out lane. I could barely speak, but the lovely staff knew my car, and my regular order, and, despite my inability to talk, waved me up to the window. When I got to the window, all I could say was “I hit a deer. I hit a deer.” They didn’t charge me for my coffee that morning.

As I pulled away from the coffee shop, my car lit up with warnings. It was severely overheated from fluid loss. Realizing I could not make it the additional four miles to work, I backed up, returned to the coffee shop parking lot, and shut off the (amazingly) still running engine. I asked the girls there if I could stay while I sorted things out, and they enthusiastically said yes.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Society
KEYWORDS: accident; insurance; loophole; taxes; totaled
STORY CONTINUES...

Several hours later, I made it to work in a lovely rental car, and three weeks later, I had purchased a new (well, new to me, anyway) car.

So why am I telling this story? Because there is a tax benefit if you have an accident that is a total loss, and you receive an insurance payout for said loss.

It’s called a “sales tax affidavit” and is available by law in all 50 states. There are some variations depending on the state, the model year of the vehicle, damage assessment, etc., but it is still the law of the land.

READ ON....

1 posted on 04/02/2024 9:29:17 AM PDT by SeekAndFind
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To: SeekAndFind

Search works https://freerepublic.com/focus/f-bloggers/4228456/posts


2 posted on 04/02/2024 9:42:00 AM PDT by TexasGator
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To: SeekAndFind
I purchased a new vehicle for $8K

When was that? In 1980?

I think she meant she purchased a used vehicle.

3 posted on 04/02/2024 10:00:51 AM PDT by Bloody Sam Roberts (The Truth is like a lion. You don't need to defend it. Let it loose and it woill defend itself.)
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To: SeekAndFind

Could have saved all that trouble by NOT driving 70mph in deer country around dawn and dusk, like wise rural folks do. I typically drive 50, and let the foolish city-folks pass me to plow the deer off the road before I get there.


4 posted on 04/02/2024 10:00:54 AM PDT by Chad C. Mulligan
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To: Chad C. Mulligan

“..Could have saved all that trouble by NOT driving 70mph in deer country around dawn and dusk, like wise rural folks do....”

Exactly.
Or worse yet, doing so in heavily-populated moose country.
FWIW, it’s quite amazing what an 1800lb bull moose can do to a small/medium-sized SUV. Flatten the roof to the seat bottoms in an instant.


5 posted on 04/02/2024 10:13:37 AM PDT by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created..." )
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To: lgjhn23

In Idaho it’s elk. Same result.


6 posted on 04/02/2024 10:15:54 AM PDT by Chad C. Mulligan
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To: SeekAndFind

I was very interested in this because I just had a total loss insurance claim on my daughter’s car and bought her a replacement.

In Texas, the insured CANNOT avoid paying sales tax on the replacement using the settlement money insurance paid for an insured total vehicle loss by using a sales tax affidavit as the article claims (“in all 50 states”).

What IS exempt is the transfer of the totalled vehicle title and wreckage from the insured to the insurance company in exchange for payment of the claim. That is not deemed a sale.

reference: https://comptroller.texas.gov/taxes/publications/96-254/insurance-settlement-transfers.php


7 posted on 04/02/2024 10:18:27 AM PDT by takebackaustin
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To: Bloody Sam Roberts

“When was that? In 1980?

I think she meant she purchased a used vehicle.”

That was made obvious earlier in the article.


“I had purchased a new (well, new to me, anyway) car.”


8 posted on 04/02/2024 10:18:42 AM PDT by TexasGator
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To: SeekAndFind

later


9 posted on 04/02/2024 10:30:04 AM PDT by Gay State Conservative (Proudly Clinging To My Guns And My Religion)
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To: SeekAndFind

So the government is subsidizing unsafe driving and bad drivers. Great... is there anything this “government” does these days that is NOT evil and degenerate?


10 posted on 04/02/2024 11:05:04 AM PDT by EnderWiggin1970
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To: Chad C. Mulligan

That’s right. A deer or other large animal can end up going through the windshield killing the front seat occupants. It happens.


11 posted on 04/02/2024 11:11:45 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

The deer was fine. Those are some tough SOB’s.

https://news.sky.com/story/deer-crashes-through-windscreen-of-moving-bus-10445678


12 posted on 04/02/2024 12:28:52 PM PDT by Zack Attack (✔)
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To: Zack Attack
This is what I'm talking about. Deer and driver dead...

Fair Grove man killed when deer comes through windshield

Troop D Sgt. Jason Pace said after coming through the windshield, the deer bent the truck's steering wheel, struck the victim, then crashed through the truck's rear window, exiting the vehicle.


13 posted on 04/02/2024 1:00:59 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: TexasGator
You sound like the snarky mods with that reply. Search on FR is hit or miss. It's often better to search on google with Free Republic in the title. To believe otherwise is to think that a majority of freepers are idiots.
14 posted on 04/02/2024 1:08:36 PM PDT by SunTzuWu
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