Has anyone ever traded vehicles with a private seller before? How do you write it up on the titles? What do you have to pay for tax at the DMV?

I'm swapping my bike for another guy's bike plus he's giving my 2 grand.

Just wondering what I'm going to have to pay for tax at the DMV when I get the title in my name, since I don't have any more "net value" than I started with. I think FL tax on vehicles is 7.5%, so that would be 750 bucks for a 10 grand motorcycle.

Thanks for help.

 

Well, I just called up the DMV, they said on the title on the selling price, just put "EVEN TRADE" and no sales tax will apply.

Thanks for all your help, I didn't realize it would be that easy.