[66Broke]

Did anyone see that they cancelled the Des Moines auction this year? Apparently had some issues with how Mecum was handling titles on the newer cars....
http://www.mecum.com/auctions/auction_detail.cfm?AUCTION_ID=IA0713
That's a bummer because I was hoping to go this year and maybe take a car to sell.

 

[jackie schmidt]

Wouldn't that also mean that Mecum, as the title holder, would also be responsible for the vehicles they sell?

In other words, they could be held responsible for that LS-6 they sold that turned out to be a clone.

 

[CoolBlueGlow]

What? requiring title accountability is "an undue burden?" Hey, if the auction houses are to be believed, title accountability should be no problem, right? I mean after all, how many times have we heard auctioneers assure potential buyers about the validity/presumed originality of these cars?

Yes, in somber tones, the crier recites the liturgy of the auction... you know: "Hocus Pocus This Tribute L78 is the mostus!" Employing flowery prose about yet ANOTHER 20 footer Chevelle in the inevitable red/blue/black/silver, they reassure the pressing and near hysterical masses that this LS-6 tribute car is a "genuine Chevelle", restored to "original" or "near 100 points". With rapacious efficiency, these types turn phrases like "tribute car" and "stunning reproduction" in a way that would make a carney blush.

What, you say? I am being "unfair"? My words are "divisive and harsh"?

Really? If so, why pray tell did the state of Iowa unilaterally change the game "after 23 years"?

Oh, I forgot - the TITLE is the document of force, not some BS auction blather or that fake build sheet that the otherwise "prestigious expert on collectible cars" somehow missed?

Maybe that has something to do with it?

Of course, I could be way wrong. Maybe Iowa's DMV has been taken over by a real horse's butt.

 

[JWA]

That seems like the Iowa is trying to make Mecum own the cars at the auction. Do normal car dealers have to transfer titles into their name in Iowa before they sell a rig? Seems like a lot of hassle for a consignment. Does it mean they would also have to pay sales tax on every transfer? From what I read I wouldn't hold an auction in Iowa either. Looks like a money grab IMO.
I doubt there would be much liability on clones fakes no matter how the paperwork is done. I am sure the sales contract would have some sort of disclaimer like any other car sale contract.

 

[CoolBlueGlow]

Yeah, that must be it.

 

[OLDED]

Good or bad-Iowa makes and plays by their rules on a lot of things. Not surprised hearing this on the titles. Used to live next door to Iowa and always heard about their idiosyncrasies.

 

[Hiline51]

Yeah, some of us even have Chevelles for Gods' sake! My brother lives in Kennesaw, he'll have to come home to get his brain, they made him ship it home. l

 

[Bullcrappy]

is Iowa still a state?

 

[Andy's Auto Repair]

What? requiring title accountability is "an undue burden?" Hey, if the auction houses are to be believed, title accountability should be no problem, right? I mean after all, how many times have we heard auctioneers assure potential buyers about the validity/presumed originality of these cars?

Yes, in somber tones, the crier recites the liturgy of the auction... you know: "Hocus Pocus This Tribute L78 is the mostus!" Employing flowery prose about yet ANOTHER 20 footer Chevelle in the inevitable red/blue/black/silver, they reassure the pressing and near hysterical masses that this LS-6 tribute car is a "genuine Chevelle", restored to "original" or "near 100 points". With rapacious efficiency, these types turn phrases like "tribute car" and "stunning reproduction" in a way that would make a carney blush.

What, you say? I am being "unfair"? My words are "divisive and harsh"?

Really? If so, why pray tell did the state of Iowa unilaterally change the game "after 23 years"?

Oh, I forgot - the TITLE is the document of force, not some BS auction blather or that fake build sheet that the otherwise "prestigious expert on collectible cars" somehow missed?

Maybe that has something to do with it?

Of course, I could be way wrong. Maybe Iowa's DMV has been taken over by a real horse's butt.

Kieth, you missed what the Great State of Iowa is trying to do, and it had nothing to do with autenticity. What they want is revenue, plain and simple.

When a car goes to auction, you pay the sales tax in the state you live, not in the state you bought it. Think about it. You drive to Kentucky to trailer back a beater $3500 69. You live in Georgia. Do you pay Kentucky state sales tax when you get the title or do you pay the tax when you transfer in your home state.

Iowa wants everybody to pay the sales tax on every car sold at that auction. Plus transfer fees, doc fees, etc.

Just another way for a state to generate revenue.

 

[OLDED]

Amen on the greed for revenue - it isn't enough to collect all the retail business' income and sales taxes from an event like the auctions - they want the meat and blood for dressing.

 

[Derek69SS]

What? requiring title accountability is "an undue burden?" Hey, if the auction houses are to be believed, title accountability should be no problem, right? I mean after all, how many times have we heard auctioneers assure potential buyers about the validity/presumed originality of these cars?

I don't have much faith in auction companies, but I have even less faith in Government... this looks like a money-grab to me.

 

[sparky1698]

All because of some pencil dick that works for the State DOT:clonk:

 

[Andy69]

Kieth, you missed what the Great State of Iowa is trying to do, and it had nothing to do with autenticity. What they want is revenue, plain and simple.

When a car goes to auction, you pay the sales tax in the state you live, not in the state you bought it. Think about it. You drive to Kentucky to trailer back a beater $3500 69. You live in Georgia. Do you pay Kentucky state sales tax when you get the title or do you pay the tax when you transfer in your home state.

Iowa wants everybody to pay the sales tax on every car sold at that auction. Plus transfer fees, doc fees, etc.

Just another way for a state to generate revenue.

you get a cookie

http://www.dmv.org/ia-iowa/title-transfers.php

Registration fees must be paid at the time of title transfer, plus a 5% sales tax. This is about the money and nothing more.

But instead of getting a modest amount of economic benefit through hotel taxes and gas taxes and other sales taxes of the people coming to the eventt from out of state, now they get nothing. All because they got greedy and tried to take more $$ than they deserved. Nice going, Iowa.

 

[66Broke]

Andy - I totally agree with you on this. They got greedy and now get nothing. There are alot of businesses in DesMoines that are upset with the DOT for trying to bully Mecum. The Iowa DOT should have been happy that Mecum picked Iowa in the first place- we all know that there are alot of better venues out there with higher population and more money available.

 

[Andy's Auto Repair]

you get a cookie

http://www.dmv.org/ia-iowa/title-transfers.php

Registration fees must be paid at the time of title transfer, plus a 5% sales tax. This is about the money and nothing more.

But instead of getting a modest amount of economic benefit through hotel taxes and gas taxes and other sales taxes of the people coming to the eventt from out of state, now they get nothing. All because they got greedy and tried to take more $$ than they deserved. Nice going, Iowa.

And don't puss out either. Not looking for some grocery store Famous Amos packaged crap. I want macadamias from the bakery.

 

[MarkM]

Kieth, you missed what the Great State of Iowa is trying to do, and it had nothing to do with autenticity. What they want is revenue, plain and simple.

When a car goes to auction, you pay the sales tax in the state you live, not in the state you bought it. Think about it. You drive to Kentucky to trailer back a beater $3500 69. You live in Georgia. Do you pay Kentucky state sales tax when you get the title or do you pay the tax when you transfer in your home state.

Iowa wants everybody to pay the sales tax on every car sold at that auction. Plus transfer fees, doc fees, etc.

Just another way for a state to generate revenue.

Exactly.

And I guess Iowa didn't want the revenue that the auction actually provides to the city of Des Moines. Hotels, gas, food, fair grounds rental, etc. They screwed up.

 

[71350SS]

you get a cookie

http://www.dmv.org/ia-iowa/title-transfers.php

Registration fees must be paid at the time of title transfer, plus a 5% sales tax. This is about the money and nothing more.

But instead of getting a modest amount of economic benefit through hotel taxes and gas taxes and other sales taxes of the people coming to the eventt from out of state, now they get nothing. All because they got greedy and tried to take more $$ than they deserved. Nice going, Iowa.

What really stinks about this is the citizens of Iowa can't even vote against the person who's responsible for ruining their week because the DMV leadership is a politically appointed post.
I'm sure there were a bunch of people counting on making some extra income from the week or two that Mecum was in Iowa.

 

[busterwivell]

Yup, just money hungry, greedy........they need more money to waste.
As far as what fees they got from people being there, that seems to be just like when you go to a Goodguys event, or a NASCAR event. Hotel prices skyrocket for the weekend. Book a room for an event, then call the same place back and ask about the same accomodations a week or two before or after. I've done it and it's a big difference. They just got too greedy. Good for Mecum's.

 

[Chris R]

In the end. Iowa is the one that looses, not Mecum. They will continue to be successful in cities and states that will have them and states like Iowa whom just screwed themselves out of making any tax revenue at all with lodging and food. Not to mention the local businesses whom loose out as well. I see Mecum didnt make it to the MSRA show last weekend either, wonder if that is the same story here too. We dont have any effed up rules like that though here. Buy a car here, you can leave with it and transfer in whatever state you live in.

 

[Dean]

Don't every state collect sales tax on any vehicle sold within?
IF I buy a vehicle across the state line in Missouri, I pay the sales tax to them, not to Kansas.